Georgiev, Todorov & Co > Sofia, Bulgaria > Firm Profile
Georgiev, Todorov & Co Offices
27 PARCHEVICH STREET
1000 SOFIA
Bulgaria
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Georgiev, Todorov & Co > The Legal 500 Rankings
Bulgaria > Dispute resolution Tier 1
Georgiev, Todorov & Co‘s dispute resolution practice comprises a team of experts who are hailed by clients for their ‘successful track record and their ability to handle complex matters’, including litigation and administrative proceedings frequently for clients from the construction, real estate and energy sectors. Ivan Todorov and Arno Mamasyan ‘stand out as great litigators‘ and jointly lead the practice. Further key members of the team are Tsvetelina Dimitrova, who is often engaged on international disputes, Miglena Peneva, who has a sectoral focus on real estate and construction and managing partner Nikolay Lazarov. Mariya Derelieva left the practice in June 2022.Practice head(s):
Ivan Todorov; Arno Mamasyan
Other key lawyers:
Testimonials
‘Georgiev, Todorov & Co. has the strongest practice in Dispute Resolution we know, and we are extremely satisfied with our cooperation. The firm has an outstanding team of professionals with strategic thinking and excellent knowledge and experience. It has also very high success rate!’
‘Nikolay Lazarov, who is the managing partner, stands out as excellent litigator with sharp thinking and big knowledge. He is a real gamechanger!’
‘Tsvetelina Dimitrova is an exceptional lawyer who has in-depth knowledge in commercial litigation, she is very responsive and provides excellent advice in a timely manner.’
‘Georgiev, Todorov & Co has very strong expertise in Dispute Resolution and what makes them unique, in my opinion, is the successful track record and their ability to handle complex matters. The firm has advised us also corporate related matters. It holds one of the well-deserved leading market positions.’
‘Among the team of professionals, Arno Mamasyan stands out as one of the top lawyers in the firm. Arno is an expert with deep knowledge and expertise in corporate and commercial area and in energy and natural resources. He has also excellent skills as a litigator. Another lawyer who stands out is Nikolay Lazarov, who is also very capable and knowledgeable lawyer. In corporate and commercial area, I can recommend Tsvetelina Dimitrova. She is a proven professional who stands out with excellence in her work.’
‘Ivan Todorov and Arno Mamasyan stand out as great litigators and have outstanding level of knowledge and experience.
‘Among the other great experts at the firm, Miglena Peneva stands out as a great litigator. She has the determination and the will to go through the most complicated and challenging proceedings and does not save efforts to lead the case to successful end.’
‘Ivan Todorov is without doubt one of the best lawyers in the market in dispute resolution. He is really impressive lawyer with the depth of his knowledge and experience. Cannot recommend him higher! Arno Mamasyan is another lawyer we are working with and is also an outstanding professional and great litigator. Tsvetelina Dimitrova also stands out as good litigator with deep knowledge and many personal and professional qualities.’
Key clients
Acibadem City Clinic Group
Agricultural State Fund
Bulgarian Posts
G.P. Group
Vitez Prospect
Kornikom
Ministry of Agriculture, Food and Forestry
Thermal Power Plant Maritsa 3
ALBENA AD
Thermal Heating Plant Bobov Dol EAD
Sliven Municipality
Tobo Group
Yambol Municipality
Toplovo Corporation AD
Toplofikacia Ruse
Vivacom
Port of Burgas
Dundee Precious Metals Inc
Albena Sport 2000
ARTMONBAT JSC
Grand Energy Distribution
Advance Properties
Bulgarian Branch Chamber “Roads“
Hydro Power Utilities
Commission for Protection against Discrimination
Heating Plant Bobov Dol (ТEC Bobov Dol)
NURTS Digital
Work highlights
- Local legal advisor to White & Case LLP in investment arbitration before the International Centre for Settlement of Investment Disputes, Washington D.C. in relation to an expropriation of an investment – 70% of the shares in Kovin mine.
- Advises and represents a number of owners of hydroelectric power stations on complex cases initiated under the State and Municipality Responsibility for Damages Act. The claim is against the Energy and Water Regulatory Commission as a respondent for payment of damages in the form of a lost income, caused by unlawful acts of the administrative body.
- Represented TPP Bobov Dol EAD against Alpiq Energy CE. Alpiq Energy CE filed a claim against TPP Bobov Dol for EUR 15 mln of a payment under ISDA master agreement. They successfully represented the customer and the case ended with out of court settlement.
Bulgaria > Intellectual property Tier 1
Domestic and international clients turn to the IP team at Georgiev, Todorov & Co for comprehensive advice on patents, trade marks, copyright, industrial property and database rights. The firm's client portfolio demonstrates the range of sectors the team excels in, from technology and publishing to healthcare and fashion. Ivan Todorov and Arno Mamasyan jointly lead the practice and are supported by Tsvetelina Dimitrova, who ‘stands out as extremely knowledgeable and capable in intellectual property’.Practice head(s):
Ivan Todorov; Arno Mamasyan
Other key lawyers:
Tsvetelina Dimitrova; Tsvetelina Mileva
Testimonials
‘The whole team at Georgiev, Todorov & Co. is outstanding. However, we work mostly with Tzvetelina Dimitrova – she is an amazing lawyer with strong knowledge of intellectual property.’
‘Georgiev, Todorov & Co. stands out as one of the top law firms in the Bulgarian market. The essence of our business requires strong knowledge in intellectual property and Georgiev, Todorov & Co. has proven its expertise in the matter. But what makes them really stand out from the competition is the expertise and dedication of their team of lawyers. The firm has strong team of experts, not only in IP but in other fields as well.’
‘The IP practice at Georgiev, Todorov & Co. is strong because of the team and level of expertise, and especially because of Tsvetelina Dimitrova, who is an amazing lawyer.’
‘I can only recommend Georgiev, Todorov & Co. and their intellectual property team. The firm stands out in the market and has a great reputation, for a reason.’
‘The firm has been our preferred legal advisor for many years because of its excellence in providing services tailored to our specific needs and because of the team of lawyers who are well prepared and experienced in different fields, which in my opinion is the strength of the firm. I believe this is one of the strongest law firms on the market.’
‘Tsvetelina Dimitrova is the lawyer who stands out for all IP-related matters. I appreciate that she is trustworthy and responsive, as well as her ability to work under pressure. I highly recommend her! We also work with Tsvetelina Mileva, who is a young but promising professional and is also a great asset of the firm.’
‘We have been working with Georgiev, Todorov & Co. for many years and the team of highly experienced lawyers has always impressed us. The law firm is our partner whenever we need legal advice. We are very satisfied with the work provided, and the firm has very strong understanding of our sector. We highly recommend the firm.’
‘Tsvetelina Dimitrova stands out as an extremely knowledgeable and capable lawyer in intellectual property. She also has excellent communication skills. I would recommend her as trusted expert, who the clients can rely on for professional and timely legal advice. What I value most in her is her ability to keep track of everything and leave me assured that our business is protected.’
Key clients
Alliance Print
Ciela Norma
On Clinic
EvrosK&P
Experian Bulgaria
Farant
Finance Group 2013 EOOD
Backbar Club
Dench eGaming Solutions
Duplex International
NEXO CAPITAL INC.
Software Point
Hill Clinic
Work highlights
- Provided full legal support to Ciela Norma in relation to obtaining a licensing agreement for the transfer of software rights for machines intended for machine voting for elections.
- Representing Farant AD in the procedure for the international application for a patent registration.
- Provided consultation to BORICA in relation to its registration as a national electronic identification scheme.
Bulgaria > Transport (including shipping) Tier 1
Georgiev, Todorov & Co houses a team of ‘well-prepared and skilful lawyers’ who advise engineering and construction companies, fleet services and Bulgarian ports on matters across the transport sector. The team is well equipped to handle public transport projects, share purchase agreements, infrastructure extensions and disputes in the sector, under the leadership of regulatory, competition and corporate expert Alexander Pachamanov. A recent highlight for the firm was advising MTK Trans on the collection of renumeration of the carriage of passengers of various city bus lines in Sofia. Tsvetelina Dimitrova is another key partner on the team.Practice head(s):
Alexander Pachamanov
Other key lawyers:
Testimonials
‘Georgiev, Todorov & Co. has strong business and commercial awareness. What makes them stand out from the competition is the very well-synchronised team of knowledgeable and skilful lawyers and their ability to help to solve problems in challenging business situations.’
‘What makes Georgiev, Todorov & Co. unique is their ability to overcome problems which others find challenging. The team of well-prepared and skilful lawyers who can work as one is also another strength of the firm. They provide high-level, value-for-money legal advice. Their assistance is extremely valuable to us as our trusted partner.’
‘The whole team is highly professional and experienced. Miglena Peneva stands out for her knowledge, dedication and expertise, and qualities such as time management and attention to detail that make her a great lawyer.’
‘Georgiev, Todorov & Co. is very strong in transport and shipping. We have relied on the firm’s expertise and professional team on many occasions, and we have never been disappointed.’
‘In the transport area, the lawyer who really stands out is Alexander Pachamanov. His professional qualities and expertise in the subject matter are immense.’
Key clients
Advance Properties
Alfred C. Toepfer International
BALKANTEL Ltd.
BMF Port Burgas
Bulgarian Branch Chamber “Roads”
Bulgarian Posts
DUVENBECK LOGISTICA SLU
Fleet Services
Hemus Motorways AD
G.P. GROUP JSC
KG Maritime Shipping
LIEL Construction EOOD
Metroreklama
MTK Trans
Port of Burgas
Solaris Bus & Coach
Sofia Bikes Association
OBONATO BUILD EOOD
Work highlights
- Advising Vitez Prospect JSCo. on the law to establish the territorial status of the properties included in highway routes.
- Advising MTK Trans on its contracts with the municipality of Sofia for the carriage of passengers by several city bus lines and assisting the client with collecting remuneration for the transport services performed.
- Represented G.P.Group before the Commission for Protection of Competition and the Supreme Administrative Court in two separate proceedings in connection with the assignment of the public procurement procedure for the construction of the third metro diameter of the Sofia Metro.
Bulgaria > Banking, finance and capital markets Tier 2
The team at Georgiev, Todorov & Co specialises in insurance and reinsurance matters, including insurance transactions and disputes, but it is also well versed in debt finance, capital markets and the implementation of payment services. Among its regular clients are asset and wealth management companies, tech companies and banks. Arno Mamasyan heads the practice and is especially experienced in litigation and EU regulations pertaining to banking. Tsvetelina Dimitrova and Miglena Peneva provide further support.Practice head(s):
Arno Mamasyan
Other key lawyers:
Tsvetelina Dimitrova; Miglena Peneva; Yasen Nikolov
Testimonials
‘We are very satisfied with the consultancy received by Georgiev, Todorov & Co. I am confident to say that the firm has a strong banking and financial practice and we are happy that we have chosen the law firm as our legal advisor.’
‘One of the strengths of the firm in my opinion is the team of professionals. The firm has all tools to provide excellent legal services.’
‘The whole team of Georgiev, Todorov & Co. is outstanding.’
‘Tzvetelina Dimitrova is an amazing lawyer with strong knowledge on banking & finance, competition law and intellectual property. I would like to recommend her in all these three practice areas, as it is a pleasure working with her. Not only an outstanding professional, who has been providing excellent legal services but also a great person with a friendly attitude.’
Key clients
Agricultural State Fund
Sliven Municipality
Bulgarian Posts JSC
BORICA
Belozem Solar Park 3 Ltd.
Silistra Municipality
International Asset Bank
OZK Insurance
Pro Trade Finance Consult LTD
Galabovo Solar BG Ltd.
Work highlights
- Advised the Sliven Municipality in relation to an appeal of six financial corrections imposed under the Regional Development Program regarding the awarding of a public contract.
- Advised Galaxy RE and Galabovo Solar BG on the procedure for obtaining licenses for the activity production of electricity for photovoltaic power plants with total capacity of 300 MW, which included the approval of loan agreements by the Energy Commission with the total amount of more than EUR 175 million.
- Advised the International Asset Bank in cases such as cancellation of deals for transfer of properties which the bank has acquired on the grounds of execution of special pledges established in favour of the bank, going concern pledges and more.
Bulgaria > Energy and natural resources Tier 2
Georgiev, Todorov & Co combines expertise in energy infrastructure and development projects with litigation, where it frequently advises renewables producers, gas and oil refineries and natural resource companies on energy related disputes. The practice is co-led by founding partner Ivan Todorov and Nikolay Lazarov, the latter is considered a ‘high-profile lawyer in the field of energy and natural resources’.Practice head(s):
Ivan Todorov; Nikolay Lazarov
Other key lawyers:
Arno Mamasyan; Tsvetelina Dimitrova; Dobrina Pavlova
Testimonials
‘Georgiev, Todorov & Co. has very strong energy and natural resources practice and we are extremely satisfied with our cooperation. The firm has an outstanding team of professionals with strategic thinking and excellent knowledge and experience in the field of energy. It is our legal advisor for many years, and it has proved to be very successful in advising in the field of energy.’
‘Nikolay Lazarov, who is the managing partner, stands out as excellent professional with sharp thinking and big knowledge in the field of energy and natural resources.’
‘Arno Mamasyan is also particularly strong in energy. He has enormous experience and outstanding knowledge in the matter. He is very skillful and dedicated lawyer.’
‘I can only highly recommend the firm and its energy practice. The firm has vast experience and knowledge in energy related regulations. It has also team of professionals, who are very well prepared in the matter.’
‘Georgiev, Todorov & Co. has strong expertise and successful track record in energy and natural resources and the team we work with is outstanding in terms of knowledge and capacities. It knows in depth the regulations in the field of energy and the hidden side paths to solve challenging problems. The firm has done great work, and the collaboration is extremely precious to us as our trusted partner.’
‘Ivan Todorov is an absolutely outstanding lawyer with great knowledge and understanding of law and its business impact. In addition, Nikolay Lazarov also stands out as a high-profile lawyer in the field of energy and natural resources. Tsvetelina Dimitrova stands also out as great professional. Dobrina Pavlova is another lawyer we work with, very knowledgeable, young and promising lawyer.’
‘Georgiev, Todorov & Co. has impressive practice in Energy and natural resources. We are impressed with the expertise and professionalism of the team, and we are very satisfied with work done. The firm stands out with its ability to think few steps ahead, its professional attitude and outstanding expertise and knowledge. Highly recommend their energy and natural resources practice!’
‘Our legal advisor from the law firm is the junior associate Dobrina Pavlova. She is young professional, but very experienced in the field of energy and we are very satisfied with her work. A promising professional with skills, knowledge and positive qualities.’
Key clients
Albena AD
Balkan AD
Belozem Solar Park 3 EOOD
Dundee Precious Metals Chelopech
Galabovo Solar BG EOOD
Galaxy Re
Grand Energy Distribution EOOD
Karnobat Energy EOOD
Hydroenergy Association
Hydroenergy Construction EOOD; KK Hydro OOD
Thermal Heating Plant Bobov Dol
Thermal Heating Plant Maritsa 3 AD
Thermal Heating Plant Ruse AD
Trakia MT Solar EOOD
Union of the producers of Green Energy
Asarel Medet JSC
Bulgarian Chamber of Mining and Geology/Euromax Services
Toplivo Corporation AD
Toplofikatsiya Gabrovo
Work highlights
- Advises Balkan AD in the process of obtaining the first ever issued license for distribution of electricity in a closed electricity distribution grid in Bulgaria. Thus, in July 2023, the territory of the industrial park was removed from the license territory of the respective distribution operator.
- Advising Galaxy RE and Galabovo Solar BG on the procedure for obtaining of licenses for the activity production of electricity for photovoltaic power plants with total capacity of 300 MW, including analysis of the relevant legal framework, drafting of business plans, and on supplying the Energy and Water Regulatory Commission with the relevant core documents for the projects.
- Represents the interests of the Hydroenergy Association in the appeal of newly adopted Ordinance for the Use of Surface Water (the ‘Ordinance’) before the Supreme Administrative Court.
Bulgaria > EU and competition Tier 2
Unfair competition, abuse of dominant position, trademark infringement and public procurement matters are among some of the work undertaken by the ‘outstanding’ competition team at Georgiev, Todorov & Co. The practice also has a proven track record providing ongoing consultancy on local and EU regulations and competition matters. It counts major retail companies and telecoms operators as clients, including long-term client Vivacom. Practice head Alexander Pachamanov is particularly experienced in the telecommunications and transport sectors in all matters relating to competition and is well supported by 'amazing lawyer' Tsvetelina Dimitrova who has considerable experience in European Union law and its regulatory framework.Practice head(s):
Alexander Pachamanov
Other key lawyers:
Testimonials
‘One of the strengths of the firm in my opinion is the team of professionals. We have been advised also on competition matters and intellectual property and I highly recommend these practices as well. The firm has all tools to provide excellent legal servicing.’
‘The whole team of Georgiev, Todorov & Co. is outstanding. However, we work mostly with Tzvetelina Dimitrova, who is partner in the firm. She is an amazing lawyer with strong knowledge on banking & finance, competition law and intellectual property. She is not only outstanding professional, who has been providing excellent legal services but also a great person with a friendly attitude.’
Key clients
Viva Corporate Bulgaria
Albena Sport OOD
AWANTYS GmbH, AWANTYS Germany GmbH, AWALYA EOOD
BORICA
Bulgarian Telecommunication Company (BTC)
METRO Cash & Carry Bulgaria EOOD
Real Systems
Sofia Bikes Association
Agricultural State Fund
Roche Bulgaria
Work highlights
- Advised Viva Corporate Bulgaria EOOD in the merger control clearance procedure before the Commission for Protection of Competition when the company acquired 100 % from the Bulsatcom shares in a deal worth EUR 122 million.
- Advises AWANTYS GmbH in relation to negotiations and preparation of an agreement between AWANTYS Group and Gotmar EOOD, for cessation of competitive activity.
- Provides ongoing support to METRO Cash & Carry Bulgaria on competition and consumer protection issues in the course of their advertising campaigns, as well as on their commercial sales and promotions.
Bulgaria > Healthcare and life sciences Tier 2
Georgiev, Todorov & Co advises hospitals, medical institutions, and pharmaceutical and cosmetic companies on an ongoing basis regarding intellectual property matters, mergers and acquisitions, medical supply agreements and compliance with the regulatory framework. The team led by Ivan Todorov is well versed in healthcare and life sciences-related disputes and administrative proceedings.Practice head(s):
Ivan Todorov
Other key lawyers:
Testimonials
‘Georgiev, Todorov & Co has a team of exceptional professionals, with a wide range of expertise in the fields of practice in which we collaborate with them. Up to this moment they have always managed to find a quick and accurate approach to the solution of legal disputes.’
‘The legal team from Georgiev, Todorov & Co stands out for its exceptional professionalism, creative ideas and approach to handling complicated legal disputes, as well as finding fast and accurate solutions.’
‘The law firm is our preferred legal advisor because of its excellence in providing legal services tailored to our specific needs and because of the team of professionals in different fields. I believe this is one of the strongest law firms on the market, which is especially good in healthcare matters.’
‘Tsvetelina Dimitrova is the lawyer who stands out for all corporate, IP and healthcare-related matters. I am happy I have her as a trusted lawyer, as she is not only a great professional but also a very nice person. She is trustworthy and responsive and also her ability to work under pressure is greatly valued. I highly recommend her!’
‘We have been working with Georgiev, Todorov & Co. for many years and the team of highly experienced lawyers has always impressed us. We are very satisfied with the work provided, and the firm has very strong understanding of healthcare regulations and the sector. We highly recommend the firm.’
‘Tsvetelina Dimitrova is an extremely knowledgeable and capable lawyer with very good communication skills. It is a pleasure working with such a talented professional.’
Key clients
Acibadem City Clinic Tokuda Hospital
Acibadem City Clinic University Hospital
Bul Med Investment AD
Hill Clinic
Institute for Medical Research ООD
MBAL City Clinic Sveti Georgi
MBAL Doverie
MBAL Evropa
MBAL Uni Hospital
On Clinic
Recordati S.p.A.
Roche Bulgaria
SGP Bio Dynamics Ltd.
Work highlights
- Representing Acibadem in two court proceedings against the Bulgarian National Health Insurance Fund (NHIF) for the termination of a clinical trial contract with the NHIF for the treatment of cancer patients with radiosurgery and for the refund of amounts paid from the NHIF to the hospital for the treatment of cancer patients.
- Acting for Acibadem City Clinic University Hospital in an appeal against a decision taken by the first-instance court in favour of the hospital in a claim against the NHIF for the payment of medical services.
- Representing the Multi-profile Hospital for Active Treatment (MHAT) in claims against the NHIF for unpaid medical activities and medical products.
Bulgaria > Real estate and construction Tier 2
Georgiev, Todorov & Co‘s real estate and construction department offers advice on various matters, covering sale and purchase agreements, construction agreements and other contract drafting and due diligence reviews, as well as contentious matters, representing clients before various institutions and administrative courts. Miglena Peneva leads the practice and provides the full scope of legal services to construction companies and real estate entrepreneurs. Arno Mamasyan is also a key name to note.Practice head(s):
Miglena Peneva
Other key lawyers:
Testimonials
‘The firm has an outstanding team of professionals who can handle really complex matters and this is why Georgiev, Todorov & Co. is our main legal advisor.’
‘Miglena Peneva is an outstanding lawyer with deep and vast knowledge in the area of real estate and construction.’
‘I cannot recommend the real estate practice of Georgiev, Todorov & Co. more highly, particularly Miglena Peneva. Great team with impressive coordination. The firm has all the technology, systems, and diversity of people to handle complex and sophisticated matters.’
‘Miglena Peneva is a trustworthy and skillful lawyer with deep knowledge and expertise in real estate and construction law. She has proven herself to be a high-profile lawyer with the ability to achieve successful outcomes for her clients.’
‘The real estate practice of the firm is impressive and stands out from the rest of the firms we have worked with due to its depth of knowledge and expertise. The team also has a good level of responsiveness and communication, which is very important for us. Overall, we are very satisfied with the legal services provided.’
‘Miglena Peneva has been our preferred and trusted legal advisor for many years, and we have strong confidence in her work. She is without doubt an excellent expert in real estate and construction matters.’
‘Georgiev, Todorov & Co. has a very strong real estate team. The uniqueness of the firm lies in their ability to understand the problem not just from a judicial standpoint but also from a personal one, and therefore they aren’t simply a trusted partner but also someone you can rely on in the toughest moments.’
‘The firm has a really strong practice in real estate and construction law, and we are very satisfied with the legal services provided. The team knows all the relevant regulations in depth, and on top of this it has a strong track record of providing successful legal advice in real estate and construction matters, which is why they are our preferred choice of legal advisor.’
Key clients
BLD Zapad OOD
Park Lane Mladost OOD
EIS Construction Company AD
Vitez Prospect AD
Bulgarian Branch Chamber “Roads”
Toplivo AD
Yambol Municipality
Ministry of Agriculture, Food and Forestry
National Association of Property Developers
OBONATO BUILD EOOD
Tobo Group
Atex Properties AD
AG Capital
G.P.Group
Pamporovo JSC
European Parliament
Work highlights
- Advised BLD Zapad OOD and Park Lane Mladost OOD regarding the purchase of major real estate assets.
- Prepared the legal due diligence of a portfolio of 8 major properties in and outside the city of Sofia for Atex Properties.
- Advising Vitez Prospect JSCo (formerly Hemus Motorways) in relation to the territorial status of the properties included in highway routes.
Bulgaria > TMT Tier 2
Publishing companies, telecoms operators (mostly notably Vivacom) and IT companies regularly turn to Georgiev, Todorov & Co for day-to-day legal advice across various matters, including but not limited to commercial issues, M&A transactions and project financing, as well as IP matters and the revision and negotiation of contracts. The firm is also highly regarded for its litigation strength and is frequently called upon to act in disputes in the TMT sector before Bulgarian courts. Practice head Alexander Pachamanov is praised by clients for his 'exceptional' understanding of local and EU regulatory issues in the TMT sector. He is supported by key IP lawyer Tsvetelina Dimitrova.Practice head(s):
Alexander Pachamanov
Other key lawyers:
Tsvetelina Dimitrova; Dobrina Pavlova
Testimonials
‘They are open to discussion, sharing opinions and brainstorming. Their willingness and ability to discuss and focus on specific details are useful and contribute to finding solutions.’
‘All of them are friendly and approachable. We appreciate their promptness when we need assistance on urgent matters. Tsvetelina Dimitrova and Dobrina Pavlova particularly stand out for both their fast responses and their expertise.’
‘We like to work with Georgiev, Todorov & Co. because of their particular strength in TMT. The services we receive are very professional and delivered on time. I cannot recommend Georgiev, Todorov & Co. and their TMT practice more highly.’
‘Tsvetelina Dimitrova is a very skilful and knowledgeable lawyer and has great communication and coordination skills. One of her biggest strengths I think is that she can communicate her advice in an easy and efficient way. I highly recommend her!’
‘The team provides prompt and high-quality services where the motivation of the lawyers and their level of expertise are constantly demontrated. We consider the level of service to be excellent and we would like to emphasise that the answers to our questions were provided by Georgiev, Todorov & Co. in due time. Responses were accurate and always provided in close cooperation with in-house lawyers of our company.’
‘We would like to mention Alexander Pachamanov because his knowledge and experience are exceptional in the field of local and EU regulations in the TMT sector.’
Key clients
Alliance Print
BALKANTEL Ltd.
Vivacom
BORICA
Ciela Norma
Experian Bulgaria
Fleet Services, Bulgaria
GPS Bulgaria
Hill Clinic
Work highlights
- Providing daily legal consultancy to Experian Bulgaria, including in relation to intellectual property, copyright protection, the revision and negotiation of contracts, and employment issues.
- Advised Vivacom on the procedure for the provision of additional radio frequency spectrum in the range of 1800 MGz for the construction of a 5G network in Bulgaria.
- Providing full legal support to Ciela Norma with regard to election voting machines.
Bulgaria > Commercial, corporate and M&A Tier 3
Georgiev, Todorov & Co is engaged by its clients for day-to-day advice on a variety of corporate and commercial matters, among them share transfers, corporate disputes and drafting contracts for clients across the construction, energy, transport and healthcare sectors. Arno Mamasyan is regularly involved in corporate and administrative matters and heads the firm’s corporate and commercial practice. Tsvetelina Dimitrova is highly recommended by clients for her corporate work across varied sectors.Practice head(s):
Arno Mamasyan
Other key lawyers:
Tsvetelina Dimitrova
Testimonials
‘Tsvetelina Dimitrova is the lawyer who stands out for all corporate, IP and healthcare related matters. She is trustworthy and responsive and can work well under pressure. I highly recommend her!’
‘Tsvetelina Dimitrova is the lawyer who we work with, and I can only recommend her. She is extremely knowledgeable and capable lawyer with very good communication skills. It is a pleasure working with such a talented professional.’
‘For the corporate aspect of the deal, we have mainly worked with Tsvetelina Dimitrova, who is a partner in the firm. She is an excellent lawyer, very knowledgeable and experienced and very easy to communicate with. It is a pleasure working with her and as part of the team, I am absolutely assured that we will always receive high value legal advising.’
‘Georgiev, Todorov & Co. provides legal consultancy in corporate matters in the real estate and construction sectors as well as on various projects our company is involved in. The law firm has strong business and commercial awareness. In my opinion, what makes them stand out from the competition is the very well synched team of knowledgeable and skillful lawyers and their capability to help and solve problems in real business challenging situations.’
‘Georgiev, Todorov & Co. provides legal services tailored to our specific needs and have a team of well prepared and experienced professionals in different fields, which is the strength of the firm.’
‘The assignments the team at Georgiev, Todorov & Co. have worked on include corporate related matters, as well as IP related ones. We are very satisfied with the work provided, and the firm has very strong understanding of the healthcare regulation and the sector. Highly recommend the firm.’
‘We have engaged Georgiev, Todorov & Co. for shares sale and purchase agreements. My impression from the team is that it is very experienced and knowledgeable. It has also good level of responsiveness and communication, which is very important for us. The law firm has been advising us on the corporate and on the real estate aspects of the deal. Overall, we are very satisfied with the legal services provided.’
Key clients
Alliance Print
Ciela Norma
Bulgarian Branch Chamber “Roads”
Dundee Precious Metals Inc.
Experian Bulgaria
Belozem Solar Park 3 LTD
G.P. GROUP JSC
Heat Energy
Galaxy RE Ltd. |Galabovo Solar BG Ltd.
Solar Energy Support Ltd.
Solar Land
METRO Cash & Carry
AG Capital
Roche Bulgaria
Hill Clinic
On Clinic
BORICA
Work highlights
- Advised the Fleet Services with regards to its participation as major shareholder in the capital of GPS Bulgaria.
- Assisted Heat Energy in the capacity of a pledgee, which has started compulsory execution on the grounds of a special pledge of receivables in the amount of approximately EUR 1020230 to Bulgarian State Railways EOOD.
- Provides daily legal consultancy to Experian Bulgaria, including registration of necessary corporate changes into the Bulgarian Commercial register, revision of contracts, negotiations, employment contracts; relocation of local employees in foreign countries and employment of foreign nationals in Bulgaria, as well as intellectual property advises, copyright protection.
Bulgaria > Projects and PPP Tier 3
Georgiev, Todorov & Co handles the full lifecycle of infrastructure projects, from public procurement procedures, legal due diligence, planning and development to construction. Transport (namely airports and roads), real estate, social infrastructure, and water and energy projects are among some of the recent matters the firm has been involved in. Practice head Miglena Peneva specialises in real estate, construction, concessions and public procurement.Practice head(s):
Miglena Peneva
Other key lawyers:
Testimonials
‘The attorneys who work on our company’s cases are excellent, experienced and highly skilled experts in a variety of areas. We have complex and diverse cases for which the legal team provides effective and innovative solutions.’
‘The lawyers we work with are extremely precise. They provide unconventional and creative solutions. We get full understanding, high-quality, in-depth legal knowledge and advice. The legal team applies an individual approach to each case and to our company.’
‘Georgiev, Todorov & Co. has strong business and commercial awareness. In my opinion, what makes them stand out from the competition is the very well-synchronised team of knowledgeable and skilful lawyers and their ability to help to solve problems in challenging situations.’
‘Among the representatives from Georgiev, Todorov & Co. we have worked with, Miglena Peneva stands out as a knowledgeable and highly experienced expert in the field of real estate and construction as well as projects and PPP. She understands the core issues and with her creative and out-of-the-box thinking provides real problem-solving solutions.’
‘The firm has strong practice in projects and PPP and we are very satisfied with the legal services provided. The team knows all about the relevant regulations and also has a strong track record in providing successful advice on projects and PPP. We have a successful working relationship, and we will continue to work with Georgiev, Todorov & Co.’
‘We have been working mainly with Arno Mamasyan and Miglena Peneva, who stand out as professional lawyers in projects and PPP, real estate, and construction. They are also a very well-coordinated team, who we trust to deliver high-quality legal services. This is why we will continue to work with them and see them as trusted legal professionals.’
Key clients
AG Capital Holding
Agricultural State Fund
BlackPeak Capital
Vitez Prospect AD
Bulgarian Branch Chamber “Roads”
Dolna Mitropoliya Municipality
Yambol Municipality
Ministry of Agriculture, Food and Forestry
National Association of Property Developers
Este Properties
Silistra Municipality
Toplivo Corporation AD
Sliven Municipality
G.P.Group
Vatia Holding
EXPO Dubai
Work highlights
- Advised the municipality of Sliven in relation to several significant appeals of financial corrections under the “Environment 2014-2020” regional development operational programme regarding the awarding of public procurement contracts.
- Advising EIS Construction Company AD with regard to the construction of infrastructure on the territory of the public port of Varna.
- Represented G. P. Group in preliminary proceedings and the conclusion of a contract for the public procurement of Bezmer airport.
Georgiev, Todorov & Co > Firm Profile
Georgiev, Todorov & Co. was established in 1991 and is one of the first Bulgarian law firms. It is currently one of the largest law firms in Bulgaria, comprising of 10 partners and 50 attorneys, who are proud to have the opportunity to provide excellent legal services to high profile clients.
30 years ago, Georgiev, Todorov & Co. was established and quickly became one of the most successful law firms in Bulgaria. The team has built a corporate culture focused on a decision-oriented approach, helping clients to unleash their potential.
One of the law firm’s main advantages is the outstanding combination of deep knowledge of the substantive laws and regulations in Bulgaria and excellent expertise in judicial and arbitration representation. This enables it to provide specifically tailored legal services and to avoid any potential risks for its clients. It also provides corporate law services with a particular emphasis on the tax and financial sector, M&A, restructuring, insolvency, venture capital and secured lending for both major local clients and a range of foreign investors.
Georgiev, Todorov & Co. is the only Bulgarian representative in the international organization Lawyers Associated Worldwide (LAW), which has members from over a hundred countries. The law firm is also a member of the international network Vogel Global Competition Network. For this reason, the law firm has access to a rich information network that provides it with the opportunity to approach leading law firms around the world in multinational disputes.
The firm guarantees high-quality legal services provided through the implementation of internationally recognized certified systems of quality management ISO 9001: 2015, ISO / IEC 27000: 2013 and ISO / IEC 20000-1: 2018.
The tremendous results accomplished by its highly qualified and competent team, ensure clients that Georgiev, Todorov & Co. is one of the leading law firms in Bulgaria. It guarantees accurate service to its clients, especially in the areas of Dispute Resolution, Administrative Proceedings, EU & Competition Law, Corporate, Commercial and M&A, and in the Energy and Natural Resources, Real Estate and Construction, Healthcare and Pharmaceutical, and TMT sectors.
Areas of practice
Dispute resolution: Georgiev, Todorov & Co. is one of the leading Bulgarian law firms in dispute resolution for 30 years. It has been involved in a number of complex international projects in the fields of energy law, telecommunications, and banking, as well as in most of the largest privatization transactions in Bulgaria.
Georgiev, Todorov & Co. has extensive expertise in administrative, corporate and commercial litigation, financial issues, insurance, insolvency, and regulatory matters. Its strength is in understanding the business needs of clients and providing them with the best legal advice in order to protect their interests and business decisions.
Corporate and commercial law: The firm combines strategic thinking and technical excellence to ensure that each client’s business is soundly and securely based. Georgiev, Todorov & Co. provides a unique combination of experience and resources, and a partnering approach that allows it to focus specifically on what clients need. In addition to providing legal assistance, the firm often fulfills the role of a business consultant, working as part of an in-house team to provide a first-rate service.
As a trusted legal advisor, with a strong market understanding, Georgiev, Todorov & Co. has been involved in a number of complex local and international projects in different industries including pharmaceutical, transport, banking and finance, and telecommunications.
EU and competition law: Georgiev, Todorov & Co. is recognized as a leаding law firm in the field for over a decade. The team advises various businesses – no matter the industry, sector, and project and can respond to the sophisticated and diverse needs of different clients. The law firm is involved in some of the most significant cases in the Bulgarian market in respect of unfair competition regarding key market players.
The successful practice of Georgiev, Todorov & Co. ‘s team in applying EU law to the business environment in Bulgaria, gives clients a guarantee for adequate protection of their legitimate interests with respect to a possible conflict between national legislation and the existing EU law norms.
The law firm’s expertise covers the whole spectrum of national and EU matters in competition law: antitrust, state aid, public services and services of general economic interest, as well as merger control with a particular focus on antitrust legislation and compliance with state aid rules and litigation.
Industry sectors
TMT: Georgiev, Todorov & Co. covers all aspects of the telecommunication industry as well as broadcasting, media, and technology. The firm’s experts provide legal advice on acquisition and project finance, capital markets, mergers and acquisitions in the sector, and have participated in most of the major telecommunication deals in Bulgaria. Its clients are companies with significant importance in the field such as operators, service and technology providers.
Georgiev, Todorov & Co. is a long-term legal adviser of the biggest player on the Bulgarian telecommunications market – the Bulgarian Telecommunication Company. Our lawyers provide consultations and comprehensive legal assistance on a broad spectrum of issues, regardless of the material interest of the case.
Energy and natural resources: Georgiev, Todorov & Co. has extensive experience in the field of energy law serving both Bulgarian and international clients regarding various legal issues. Energy-related legal advice is amongst the firm’s main areas of business and the firm is consistently and independently recognized for its work.
Georgiev, Todorov & Co. has successfully consulted on major infrastructure and development projects in the sector with a strategical significance for the Bulgarian energy market. The law firm also regularly provides legal representation both in regulatory and court proceedings to electricity, renewable and cogeneration producers, to gas and oil refineries and oil producers and to natural resources companies. Therefore, the team’s in-depth knowledge of the regulatory framework and its excellent litigation practice, makes Georgiev, Todorov & Co. a reliable partner, who is highly valued by its clients.
Real estate and construction: Georgiev, Todorov & Co.’s real estate team provides a full scope of legal services, including contract drafting (sale and purchase as well as construction agreements, contracts for establishing real rights), due diligence (complex analysis of real rights, ownership, the territorial status of properties, planning of territory), and representation before the institutions. The law firm also undertakes work related to acquisitions and disposals, financing, portfolio sales and securitization, and tax mitigation solutions.
The attorneys have the experience and expertise to deal with all demanding matters on behalf of investors, developers, corporate occupiers and other key players in the area. Clients are from various sectors – government, engineering, pharmaceutical, finance, and transportation.
Healthcare and life sciences: Georgiev, Todorov & Co. has extensive experience in the field and provides legal services to hospitals and pharmaceutical companies. The law firm has an excellent reputation and is recognized by independent international legal publications.
The expert team offers full-service legal support to various healthcare institutions by consulting them on corporate and specific regulatory issues, as well as successful representation in administrative procedures for registration and licensing of medical activities, recognition of qualifications of foreign specialists on the territory of the Republic of Bulgaria, applications for contracts for the provision of hospital care along clinical paths, etc. In the pharmaceutical sector, support is provided in relation to production, export, import and trade of pharmaceuticals and active substances and related authorization and notification administrative regimes, as well as on the pricing and reimbursement of pharmaceuticals.
Banking and finance: Georgiev, Todorov & Co. provides banking advice in relation to transactional and strategic advisory work. The team advises a wide range of borrowers, lenders, issuers, underwriters and other clients in relation to debt finance and capital markets activities. The lawyers’ personal approach enables them to add value to their services for clients through their in-depth local market knowledge, multidisciplinary expertise and seamless capacity to manage international teams on cross-border projects efficiently and effectively.
Tax: The tax department has strong expertise in the field. The team offers comprehensive planning and consulting services to clients in various industries such as manufacturing, energy, mining, retail, software, and telecommunications. It provides proficient advice in corporate finance, banking and finance, as well as real estate. Georgiev, Todorov & Co. is well known for protecting the clients’ interests before the Bulgarian tax authorities and its high success rate in tax litigation.
Main Contacts
| Department | Name | Telephone | |
|---|---|---|---|
| Managing Partner, Dispute Resolution | Prof. Ivan Todorov, PhD | i-todorov@georg-tod.com | +359 2 937 65 38 |
| Senior Partner, Head of Banking and Finance | Prof. Valentin Georgiev, PhD | office@georg-tod.com | +359 2 937 65 42 |
| Senior Partner, Head of Corporate and Commercial | Arno Mamasyan | arno@georg-tod.com | +359 2 937 65 42 |
| Senior Partner, Head of TMT | Alexander Pachamanov | pachamanov@georg-tod.com | +359 2 937 65 40 |
| Partner, Head of Real Estate | Miglena Peneva | peneva@georg-tod.com | +359 2 937 65 32 |
| Partner, Head of Tax | Georgi Kostolov | kostolov@georg-tod.com | +359 2 937 65 42 |
| Partner, Dispute Resolution Department | Nikolay Lazarov | nikolay_lazarov@georg-tod.com | +359 2 937 65 42 |
| Partner, Energy Department | Mariya Derelieva | mderelieva@georg-tod.com | +359 2 937 65 40 |
| Partner, Private International Law Department | Tsvetelina Dimitrova, PhD | ts.dimitrova@georg-tod.com | +359 2 937 65 32 |
| Associated Partner | Vladimir Ivanov | vlivanov@georg-tod.com | +359 2 937 65 00 |
Lawyer Profiles
| Photo | Name | Position | Profile |
|---|---|---|---|
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Ms Tsvetelina Dimitrova | Partner Main practice areas: Corporate and Commercial Law, Private International Law, EU… | View Profile |
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Mr Valentin Georgiev | Senior Partner Main practice areas: Banking, Insolvency, Contracts Law, Corporate Law | View Profile |
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Mr Vladimir Ivanov | Associated Partner, Head of French Clients Division Main practice areas: EU &… | View Profile |
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Mr Georgi Kostolov | Partner, Head of Tax Department Main practice areas: Tax Law, Dispute Resolution,… | View Profile |
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Mr Nikolay Lazarov | Managing Partner Main practice areas: Administrative Law and Appeals, Energy Law and… | View Profile |
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Mr Arno Mamasyan | Senior Partner Main practice areas: Corporate and Commercial Law, Banking and Finance,… | View Profile |
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Mr Alexander Pachamanov | Senior Partner, Head of TMT Department Practice areas: TMT, M&A, Concessions, EU… | View Profile |
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Ms Dobrina Pavlova | Senior Associate Practice Areas: Energy & Natural Resources, Corporate & Commercial, Dispute… | View Profile |
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Ms Miglena Peneva | Senior Partner, Head of Real Estate Department Practice areas: Real Estate and… | View Profile |
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Mr Ivan Todorov | Founder and Senior Partner Practice areas: Dispute Resolution, Administrative Law and Appeals,… | View Profile |
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Mr Ivan Tserovski | Senior Associate Practice Areas: Energy and Natural Resources, Administrative Law and Appeals,… | View Profile |
Staff Figures
Number of lawyers : 50 Number of partners : 10Languages
Armenian English French German Russian BulgarianMemberships
Lawyers' Associated Worldwide (LAW) Vogel Global Competition Network British Bulgarian Business Association ICC Bulgaria AHK Bulgarian-Swiss Chamber of Commerce Bulgarian Chamber of Commerce and IndustryDiversity
Three decades ago, Georgiev, Todorov & Co. set the tradition of one of the most successful law firms in Bulgaria. The team built a corporate culture focused on social responsibility and public contribution.
As professionals in the field, the team recognises its responsibility toward young colleagues and provides a good start for the career of young lawyers in the firm. Georgiev, Todorov & Co. offers an annual internship program for final year students. The legal team’s professional responsibility is strongly focused on supporting the young colleagues regarding their education and experience gain. The students, who meet the necessary requirements, can take an advantage of the scholarship programme as well.
Georgiev, Todorov & Co. has always respected the equal opportunities policy. 37 % of our lawyers are women and 63 % are men. This gives our clients the advantage of a balance between female’s sense to details, perseverance and creativity in problem-solving, and men’s analytical skills, responsiveness and motivation. The team also encourages lawyers to participate in seminars, webinars, round tables, public discussions and working groups. As the legal framework is constantly changing, it is important to be up to date with the market trends.
The team strongly believes that diversity is a major development tool and that this initiative allows the lawyers to solve clients’ complex issues more efficiently and to provide them with tailored legal service. Another benefit of the team is the knowledge of multiple languages and international regulations in addition to the native Bulgarian, including English, French, German, Russian and Armenian.
Georgiev, Todorov & Co. is part of the organisation BNI International. The organisation provides its members with a structured and positive marketing program through business recommendations – proven to be the most effective way to attract customers. It gives a unique opportunity to establish contacts and build long-term partnerships with business leaders in various sectors of the economy, which are the most valuable resource for any company.
The law firm is a partner of the Bulgarian branch of the organisation 180 Degrees Consulting, the largest student-driven consultancy globally that provides socially conscious organizations and non-profits around the world with high quality and very affordable consulting services. Our lawyers are assisting students from various courses to develop their interpersonal skills, as well as expand their knowledge for specific legal regulations and fields.
Georgiev, Todorov & Co. also supports a number of charities financially, by donating equipment or spending personal time. Apart from providing excellent work environment and educational programs for its employees, for years Georgiev, Todorov & Co. has also developed an active social responsibility program by helping several disadvantaged children institutions. Diversity and social activity are set at the law firm’s policy and culture as the team firmly believes in the principle of the social responsibility and its positive impact on society.
Georgiev, Todorov & Co. is a the only Bulgarian member of the prestigious international organisation Lawyers Association Worldwide (LAW), and the clients of the law firm benefit from the network of 100 law firms in 188 jurisdictions, which work together to best serve their needs. The law firm is also a member of Vogel Global Competition Network, British Bulgarian Business Association, German Chamber of Commerce, Bulgarian-Romanian Chamber of Commerce, French Chamber of Commerce and Confederation of the Employers and Industrialists in Bulgaria.
Client Testimonials
CLIENT: Albena Djumanova-Angelova, Manager Legal Services and Business Ethics
COMPANY/FIRM: Roche Bulgaria
TESTIMONIAL: For over a decade Roche Bulgaria trusts Georgiev, Todorov and Co. for assistance on our overall business activity and they have always provided excellent legal advice. Alexander Pachamanov, who we mainly work with has in-depth knowledge in the field of commercial law, pharmaceutical law, as well as the Law on Measures Against Money Laundering. Pharmaceutical law and its specifics are key to the law firm and we trust them completely.
CLIENT: Madlen Mutafyan, Jurisconsult
COMPANY/FIRM: BMF Port Burgas
TESTIMONIAL: Our team is fully satisfied with the professionalism of the law firm in particular the lawyers Miglena Peneva and Mariya Derelieva in providing court representation, as well as their in-depth knowledge and analysis of the matter in the legal field – energy law.
CLIENT: Vitaliy Rodyukov, Owner
COMPANY/FIRM: Sol Ink
TESTIMONIAL: Georgiev, Todorov & Co. started representing our company on second instance in the process of buying real estate. In a very short time frame, Dobrina Pavlova managed to analyse and evaluate all the evidence and build a successful strategy. My communication with them was very easy, and I was impressed by their professionalism and attention to detail.
CLIENT: Vasil Kalev, Manager Sales
COMPANY/FIRM: Solaris Bus & Coach
TESTIMONIAL: Тhe law firm provided valuable assistance in relation to the overall liquidation procedure of our Bulgarian subsidiary. Our joint work was beneficial due to the high professionalism, the expertise and the great communication skills of the lawyers from the team.
CLIENT: Rangel Nikolov, Manager
COMPANY/FIRM: Gimel Organic
TESTIMONIAL: Miglena Peneva and Dobrina Pavlova have quickly become our trusted legal advisor, proving that they have the experience, knowledge and approach to find the most appropriate legal strategy to protect our legal rights. In the course of our work with the members of the team we are extremely impressed by their in-depth knowledge in the field of energy law, in particular the natural gas market in the country, commercial law and civil proceedings. Thanks to their ability to negotiate and their sense of business-oriented decision-making, we were able to reach an agreement with the respondent and focus on the development of our business.
CLIENT: Neli Draginova, Chief Legal Advisor
COMPANY/FIRM: Bulgarian National Bank
TESTIMONIAL: We are especially impressed with Mariya Derelieva, the newly appointed partner, who has been assisting us on a very complex issue for several years already. The broad range of legal expertise of the banking team was evident, and their business-oriented approach gives us the confidence to recommend them for banking and finance matters. Mariya is able to successfully advise us on all major and minor aspects of the case. Her enthusiasm and impressive legal knowledge greatly contribute to the successful outcomes for our team. We rely on their team for their assistance and due to their professionalism.
CLIENT: Lushka Palankalieva, Chief Legal Advisor
COMPANY/FIRM: Asarel Medet
TESTIMONIAL: Since 2010, when we started working with the team, Georgiev, Todorov & Co. has proven itself as a reliable partner, who is able to lead each project and case to a successful completion. Our team has never been disappointed of the legal assistance provided both in administrative proceedings and in consultations. We mainly work with Arno Mamasyan, who is a great professional with exceptional litigation skills, expert knowledge in energy and natural resources and always meets our needs.
CLIENT: Stefan Radev, Mayor of Sliven Municipality
COMPANY/FIRM: Sliven Municipality
TESTIMONIAL: Georgiev, Todorov & Co. is significantly better than other firms we have used in the past. The commitment, loyalty and accountability of its lawyers are unparalleled and distinguish them from other lawyers in Bulgaria. Miglena Peneva is our main point of contact and she impressed us with her exceptional litigation skills, attention to details and proactive approach.
Spotlights
DISPUTE RESOLUTION
Established 30 years ago, Georgiev, Todorov & Co. is well-known for its strong market understanding, ssuccessful legal representation to key local and international companies, as well as its extensive experience in arbitration procedures. It is one of the leading Bulgarian law firms in the Dispute Resolution field for over three decades. The law firm has been involved on a number of complex international projects in the fields of energy law, real estate, telecommunications, and banking, as well as in most of the largest privatization transactions in Bulgaria, including Bulgarian Telecommunication Company, NU Boyana Film Studios and the Bulgarian Navy.
One of the most significant matters not only for the law firm, but also for the Bulgarian energy market in the recent years was the mutually satisfactory agreement reached in January 2021 on the settlement of all existing disputes and the sale of the shares of Gazprom Group in Overgas Inc. (a large gas company in Bulgaria). Georgiev, Todorov & Co. acted as a local legal advisor to Baker & McKenzie and successfully consulted the major natural gas provider for Europe – Gazprom Export LLC. Our law firm provided legal advice on the local energy regulations and commercial legislation, including the potential enforcement of an arbitration award of the International Chamber of Commerce (ICC) in Bulgaria.
Georgiev, Todorov & Co. is the legal representative of Kornikom in the only foreign investment dispute of a Bulgarian company against a state for 2019. The matter requires specific knowledge of the Bilateral Investment Treaty (BIT) between Serbia and Bulgaria as the claim was for an unlawful termination of a privatization agreement. Our lawyers acted as a local council to the international law firm White & Case and the Serbian NSTLAW in the arbitration procedure of Kornikom before the International Centre for Settlement of Investment Disputes (ICSID).
Another recent win is related to the representation of BMF Port Burgas (the concessionaire of two terminals of the second biggest port in the country) in a dispute with the national grid operator. The European Court of Justice upheld the argument put forward by our law firm on the scope of an EU Directive and the discretion allowed in national legislation.
Our department is preferred as a trusted legal advisor by key companies such as G.P. Group, Agricultural State Fund, Bulgarian National Bank; Aurubis Bulgaria (the leading cooper producer in Bulgaria); several municipalities; Acibadem City Clinic Group (the largest group of medical institutions in Bulgaria), National Association of Property Developers, Albena AD (the largest hotel resort in Bulgaria on the Black Sea), Dundee Precious Metals (operates one of the biggest gold mines), Business Park Sofia (the largest office park in Central and Eastern Europe) and AG Capital.
Georgiev, Todorov & Co. is a popular choice for clients for both court representation and consultations due to the lawyers’ personal approach which enables them to add value through their in-depth market knowledge, tailored advice offered, multidisciplinary expertise and seamless capacity to handle various legal issues efficiently.