Firms in the Spotlight Dispute resolution

Georgiev, Todorov & Co

Georgiev, Todorov & Co logo

Established 30 years ago, Georgiev, Todorov & Co. is well-known for its strong market understanding, providing legal representation to key local and international companies in various industry sectors. It is one of the leading Bulgarian law firms in the Dispute Resolution field for over three decades already. It has been involved on a number of …

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Dispute resolution in Bulgaria

Boyanov & Co.

Boyanov & Co. is dominant across a range of legal disputes, where it can leverage off the expertise of its tier-one teams in multiple practice areas, such as banking, energy, real estate and construction, and IP. Steering the practice, full-time litigator, arbitrator and former commercial court judge Kina Chuturkova has a leading reputation. The team also includes Of Counsel Boyko Voynov, an experienced mediator, and Radoslav Alexandrov, who specialises in labour, tax and insolvency disputes. LEGO, Philip Morris and Bayer are clients.

Practice head(s):

Kina Chuturkova

Other key lawyers:

Boyko Voynov; Radoslav Alexandrov


‘Boyanov & Co. were asked to handle a rare dispute which was difficult to understand and present in court. The lawyers were very inquisitive to understand all facts and procedures involved to a very specific business activity, understood and guided us as regards evidence that needed to be presented in court to prove the claim, supported the claim during court hearings, including written summaries. We also beforehand knew all costs that may be involved.’

In my opinion Boyanov & Co are one of the most professional law firms I have used, particularly Kina Chuturkova.’

Key clients

Eurobank Bulgaria

Ideal Standard – Vidima

Solvay Sodi


Philip Morris


Behr-Hella Thermoconsult

International Investment Bank

The Coca-Cola Company




Prodea Investments

Work highlights

  • Representing Eurobank Bulgaria in more than 170 consumer protection cases concerning a unilateral change in interest rates of loan agreements, one of the cases with a reference to CJEU for a preliminary ruling.
  • Representing LEGO in three civil actions on infringements of IP rights – trade marks, copyrights and unregistered designs against a local distributor of toys.
  • Representing Palace Engel Veleslavin of the Czech Republic in a complex commercial case for nullity of Court Settlement Agreement to the value of €1m.


The disputes team at CMS has a strong presence in the market, attracting large clients and cases, such as defending a Bulgarian holding company in a €100m-plus confiscation claim brought by the Bulgarian Commission for Forfeiture of Illegally Acquired Assets. Bulgarian National Bank, ZAD Allianz Bulgaria and Chubb European Group are also clients. Assen Georgiev is an experienced litigator and international arbitrator and leads the team alongside senior associate Antonia Kehayova, who is leading advice to EVN AG in the Supreme Administrative Court regarding two public tenders in the field of electricity supply and construction.

Practice head(s):

Assen Georgiev; Antonia Kehayova

Other key lawyers:

Anna Tanova


‘CMS provides highly-professional services from experienced lawyers having the expertise and motivation to meet the best criteria for quality of the work. They deliver timely, exhaustive and competent legal advice discussed from different perspectives and observing the highest standards in this area. We highly appreciate the professionalism and devotion of CMS Sofia and its employees towards their work.

‘Excellent knowledge of the industry. Excellent collaboration. 24/7 availability and very fast feedback. Extremely professional. ’

‘Assen Georgiev is very well respected and regularly involved in good quality litigation.’

Key clients

Bulgarian National Bank



Pharmacros AD

ZAD Allianz Bulgaria

Chubb European Group Limited

Embassy of Portugal in Bulgaria

Hagleitner Hygiene International

ZTE Corporation Bulgaria

CenturyLink Communications Bulgaria

EVN AG/Elektrorazpredelenie Yug

SmartCom Bulgaria

UniCredit Bulbank

Work highlights

  • Representing two Bulgarian holding companies on a confiscation claim worth in excess of €100m brought by the Bulgarian Commission for Forfeiture of Illegally Acquired Assets.
  • Representing the Bulgarian National Bank in numerous litigation proceedings in relation to damage claims brought by former depositors of insolvent Bulgarian Corporate Commercial Bank.
  • Representing EVN AG in several public procurement litigation procedures before the Commission for Protection of Competition and before the Supreme Administrative Court with regard to two public tenders in the field of electricity supply and construction, value: approximately €75m.

Dimitrov, Petrov & Co

An extensive caseload at Dimitrov, Petrov & Co includes litigation and arbitration across a range of industries, as well as reguatory disputes in the banking, pharma, telecoms, energy and competition fields, to name a few. Practice head Metodi Baykushev has a high profile and produces 'top-quality work'; he is leading advice on a €10m-plus claim in the military equipment industry. Alexander Todorov is recommended for real estate and construction litigation and arbitration, while a niche strength of the firm is medical malpractice defence.

Practice head(s):

Metodi Baykushev

Other key lawyers:

Alexander Todorov


‘The team consists of very professional, selected, young, motivated and clever staff. They are well organised, always in touch (24/7) and the give 100% from their knowledge to help our organisation in all legal questions.’

‘They are quite knowledgeable and dedicated as well customer centric.’

‘All lawyers are very responsive and offer straight-to-the point advice on all questions we have in connection to the everyday company activities. We are especially pleased with the work of the lawyers in handling the corporate documents of our companies, labour issues and the way they managed several lawsuits with contracting authorities (the outcome of these lawsuits was very important for our future collaboration with some of the contracting authorities).’

‘Our main contact is Metodi Baykushev, who produces top-quality work and provided us with an outstanding analysis of the factual and legal situation regarding different questions. We appreciated his personal commitment and 24/7 availability.’

‘The core value of this practice is the comprehensive advice on complex questions, which cover different areas. They work really fast and effectively due to their industry knowledge. It is always their aim to understand the client.’

‘We have a very good collaboration with Donka Stoyanova; she is our main contact. She has led several complicated lawsuits initiated by the Ministry of Defence against the company, most of which ended successfully for us. We have worked with her also for various contracts and labour issues. We are especially impressed with her ability to find always a satisactory legal solution and to communicate effectively with the people in charge in our organisation. Tsevetelina Georgieva and Emil Tumbev also take part in the lawsuits, they are very good at completing various procedures.’

Key clients



Van Ameyde International

Tradenet Varna (part of Mareshki group of companies)

Boyana Project 1

Damyan Diamandiev

Tradenet Varna

Trayal Corporation


Ivan Bolado and Jokin Barcena

Work highlights

  • Successfully defended the IT company eINS against a claim for damages deriving from alleged breach of the Software Purchase, Licence and Technical Maintenance Agreement to the amount of €3.4m.
  • Advising Van Ameyde International, a pan-European insurance claims handling company, in connection with the collection of receivables amounting to over €1m from a local insurance company.
  • Representing Ekarisaj-Varna, an animal biological products and by-products treatment and disposal company, in 13 lawsuits against the Bulgarian Food Safety Agency for payments due under public procurement contracts for animal carcass disposal to the amount of €2m.

Dinova Rusev & Partners

Dinova Rusev & Partners excels in energy disputes, where Iliya Grozdanov takes the lead in mulitple high-profile and high-value claims, such as representing an international corporation in precedent-setting arbitration against the Bulgarian State concerning the renewables sector. However, under the leadership of Konstantin Stambolov, the practice also has a significant caseload of disputes across of a range of industries, including retail, real estate and construction and food and beverage, among others.

Practice head(s):

Konstantin Stambolov

Other key lawyers:

Iliya Grozdanov


‘Good exprience and knowledge on dispute resolution matters. ’

‘Iliya Grozdanov has very good negotiation skills.’

‘They are very business-oriented, practical, easy to communicate with and they possess specific knowledge about energy law.’

‘Recommend Iliya Grozdanov for his specific knowledge about energy trading; very business oriented, practical, easy to communicate with.’

Key clients

AP Retail I (a Hystead Group company)

Kaliakra Wind Power (KWP)

Terna S.A.

Terna Energy

3M Bulgaria

Egleka Group

Bulgarian Development Fund

Major international investor in the energy field

Work highlights

  • Continuing to represent Terna  in the appeal of two public procurement contracts awarded in the railway sector, value €284m and €87m. Appeals have succeeded at the first instance before the Competition Protection Commission.
  • Acting for a multinational corporation in international arbitiration against the Bulgarian State, in a  €70m, precedent-setting dispute in the renewable energy sector.
  • Continuing to advise Kaliakra Wind Power in Supreme Court claims valued at €7m concerning the long-standing dispute between renewable energy producers and the national electricity company on the legality of balancing charges.

Djingov, Gouginski, Kyutchukov & Velichkov

A stellar client list at Djingov, Gouginski, Kyutchukov & Velichkov includes Facebook, Huawei Technologies Bulgaria, BMW and Gazprom, indicative of the market-status of this leading dispute resolution practice. With over 20 litigators, the firm fields the largest team in the market and is led by the 'extremely experienced' Angel Ganev, who is also rated for his bankruptcy and insovlency work. The firm has a successful anti-fraud sub-practice within the department, which is also led by Ganev, while counsels Anton Krustev and Valentin Bojilov advise on energy and finance-related disputes respectively.

Practice head(s):

Angel Ganev

Other key lawyers:

Anton Krustev; Valentin Bojilov; Gergana Monovska


‘We were impressed with the great professionalism and devotion of DGKV and its employees towards their work. In addition, we work closely with the following lawyers of DGKV: Angel Ganev, a partner at the law firm, who is extremely experienced in the field of procedural proceedings, arbitration proceedings and others; Anton Krustev, a counsel who is a recognised expert in the process of legal representation in the field of energy law; Gergana Monovska, a senior associate who is extremely highly qualified in the field of procedural proceedings, arbitration proceedings and others.’

Djingov, Gouginski, Kyutchukov & Velichkov provides our company with services mainly in the field of advice on energy and natural resources projects. It provides highly-professional services from experienced lawyers having the expertise and motivation to meet the best criteria for quality of the work. DGKV delivers timely, exhaustive and competent legal advice discussed from different perspectives and observing the highest standards in the area which makes this practice unique.’

Key clients

Coutot Roehrig

Gazprom Export




Huawei Technologies Bulgaria

Turkish Airlines

Financial Supervision Commission

Swiss Latam

TD Bank Group


Trade Center Sliven

ABB Bulgaria

Acibadem City Clinic

AES-3C Maritza East 1

Andres Schneider Rechtsanwaelte

Aresgas (former Rila Gaz)

ARGE CDM/Fichtner/C&E

A.T. Kearney


Avia International

Bawag Bank


Brееze Properties


Cargill Bulgaria

CarVal Investors

CEZ Elektro Bulgaria

CEZ Razpredelenie Bulgaria

Work highlights

  • Representing the global mining and metals company Mechel International Holdings in a $18.8m registered pledge collection matter against Thermal Power Plant Pleven and Thermal Power Plant Rousse.
  • Successfully defended Bulgarian telecom Bulsatcom in two arbitration proceedings of €7.8m and €15.8m in a dispute before a Bulgarian arbitration institution.
  • Representing Bulgarian company Intelpack in a $5m dispute against the US corporation Rockwell Collins Inc.

Georgiev, Todorov & Co

Georgiev, Todorov & Co truly excels in dispute resolution, is noted for its 'exceptional expertise in the field' and 'innovative thinking for clients' most challenging needs.' The firm litigates at the highest level, with a busy caseload of arbitiration; it is acting for investment company Kornikom in its ICSID case against the Republic of Serbia, the first Bulgarian investor claim against a foreign state. Arbitrator Arno Mamasyan and firm managing partner Ivan Todorov steer a team of 14 'game changers', which includes recently promoted partners Mariya Derelieva and Tsvetelina Dimitrova.

Practice head(s):

Ivan Todorov; Arno Mamasyan

Other key lawyers:

Miglena Peneva; Mariya Derelieva; Tsvetelina Dimitrova


‘Georgiev, Todorov and Co. is advising on some of today’s most complex and significant matters. They are known for excellence and are committed to providing the very highest level of legal services. They offer innovative thinking for our most challenging needs and they have attracted great professionals to collaborate with.’

‘Throughout our work with Georgiev, Todorov & Co, we have had the pleasure to work with Ivan Todorov, Maria Derelieva and Margarita Ivanova. They are really ‘game changers’, motivated and talented, easy to reach when needed, and committed to maintain a record of high professionalism.’

‘Our group of companies have relied on the services of Georgiev, Todorov & Co. for numerous years because they have the experience and exceptional expertise in the field of dispute resolution. Analytic thinking, attention to details and creativity in problem-solving are only part of the strengths of the dispute resolution department of Georgiev, Todorov & Co. We are very impressed with their in-depth knowledge in both Bulgarian and EU legislation, proactive approach and responsiveness.’

‘We work very closely with Miglena Peneva, who is a great professional with exception litigation skills. Miglena Peneva is an excellent lawyer, very experienced, precise and diligent, with in-depth knowledge in litigation proceedings, property and administrative law. Her proactive approach adds value to our company.’

‘We have been working with Georgiev, Todorov & Co. for several years and decided to work them because of the experience and success rate they have in dispute resolution and their in-depth knowledge in the transport, shipping, energy, and corporate & commercial fields. What impressed us most during the work with the dispute resolution department  was their diligence, in-depth knowledge and proactive approach. The experience and expertise their lawyers have, allowed them to consider all specifics of very complex cases and combine practical and litigation skills to protect the client.’

‘We work very closely with Miglena Peneva, who is our trusted lawyer and main point of contact with the law firm. Miglena is a skilled lawyer, a prominent litigator, familiar with all specifics of the national and EU procedures which allow her to find the best legal approach to every situation. She has exceptional knowledge and vision for the timely and successful solution of the cases.’

‘Dispute Resolution is a sector which requires excellent negotiation skills, as well as in-depth theoretical knowledge and exceptional verbal communication skills, which are all qualities that the lawyers from Georgiev, Todorov & Co. can offer. They have worked on multiple cases for key international and local clients, where they successfully protected the clients.’

‘We have been mainly working with Mariya Derelieva, who is an expert in the energy sector with long-term experience, and has excellent communication skills, commercial knowledge of the industry and efficiency in solving the issues of her clients. Other lawyers, who we have worked with on the case, are the senior associate Ivan Tserovski, who has knowledge of substantive law in the field and great organisational skills, and the junior associate Ida Golemanova, who impressed us with her in-depth research and ability to work under pressure. ’

Key clients

Acibadem City Clinic Tokuda Hospital

Acibadem City Clinic University Hospital

ADM Bulgaria Trading

AG Capital

Asarel Medet

Aurubis Bulgaria

Balkam Group

BMF Port Burgas


Bulgarian National Bank

Bulgarian Posts

Bulgarian Telecommunications Company

Commission for Protection against Discrimination

Dolna Mitropoliya Municipality

Este Properties

Euromax Services/Bulgarian Chamber of Mining and Geology

Galchev Engineering

Grand Energy Distribution

Hydro Power Utilities

Institute for Medical Research

International Asset Bank

Ministry of Agriculture, Foods and Forestry

MTK Trans

National Association of Property Developers

NURTS Digital

Port of Burgas

Private Bailiff Chamber

Proshek Immobilien

Sliven Municipality

State Fund Agriculture


Supreme Bar Council



Tobo Group

Toplofikacia Pernik

Toplofikacia Ruse

Toplofikacia Sliven

Union of the Producers of Green Energy

Ustra Holding


Water Supply and Sewerage, Smolyan city



Work highlights

  • Advising BMF Port Burgas on a dispute with the licensed distribution grid operator, which was a subject of consideration by the Court of Justice of the European Union, and was resolved in favour of the client in the court  of first instance.
  • Jointly representing Kornikom with White & Case LLP (UK office) and NSTLAW, Serbia in the only foreign investment arbitration for Bulgaria against another state (Serbia) before the ICSID in relation to an expropriation of an investment for 70% of the shares in Kovin mine.
  • Representing KG Maritime Shipping and Advance Properties against The Privatisation and Post-privatisation Control Agency before an arbitration court on a high-profile claim for over €60m.

Kambourov & Partners

Practice head Emil Emanuilov at Kambourov & Partners is widely praised by clients and peers alike for his expertise: 'his knowledge and experience are exceptional in the field of litigation and dispute resolution'. The firm is instructed in high-profile and strategically key disputes, such as defending Consortium SOF Connect following its winning bid for the concession of Sofia Airport. Key lawyers also include deputy head of the practice Ivaylo Nikolov  and Hristina Kirilova . Tax and administrative law litigator Todor Todorov joined Ernst & Young.

Practice head(s):

Emil Emanuilov

Other key lawyers:

Hristina Kirilova; Ivaylo Nikolov


‘A very young team, full of energy, good knowledge of legal practice even at the time of our first discussion and introduction of the case.’

‘The team provides prompt and high-quality services where the motivation of the lawyers and their level of expertise are constantly expressed. We assess the level of service as excellent and we emphasise that the answers to the legal questions were provided in due time. Responses were accurate and always provided in close cooperation with in-house lawyers of the company. Our joint cases are related to court proceedings and settlements in the fields of corporate issues, shareholders relations, regulatory matters.’

‘We can mention Emil Emanuilov because his knowledge and experience are exceptional in the field of litigation and dispute resolution. ’

‘We have actively searched for a legal company to represent us in a case. After meeting five or six other companies, meeting Kambourov felt immediately refreshing due to the very direct and professional approach to the meeting and the case at hand. They are way above the level of the other legal companies we had met until then.’

They are extremely focused on the task and they have always given us a feeling of complete trust in their services due to the way they handle our case.’

‘The stand-out partner for us is Emil Emanuilov. Our on-the-spot decision to work with Kambourov was due to meeting him and discussing our case. He has a very laid-back and professional attiutude which from what I have seen is the case with all his colleagues we have interacted with so far. During our collaboration he was always available for any questions regarding the case and I have always received from him immediate updates on the case development.’

Kambourov & Partners strives to support their clients for any of their legal requirements.

‘Very professional approach and vast legal knowledge.’

‘Dedicated to the case regardless of their occupancy and busy schedule; show a very good understanding of the business they are protecting. Emil Emanuilov is always available for clarifications; Viktoria Vladimirova is eager to understand every detail in order to make the right decision.’

Key clients

Consortium SOF Connect

National Electricity Company

Bulgarian Industrial Engineering and Management

Sofia Municipality

First Investment Bank


Fix Finance Limited, South Management Company & Burgas Plaza

UniCredit Bulbank

Trakia Milk Products


Bulgarian Telecommunications Company (BTC/Vivacom)

Imex Group

Cosmote Mobile Telecommunications

Bulgarian Football Union

Bulgarian Export Insurance Agency (BAEZ)

NURTS Digital/NURTS Bulgaria

Wizz Air


Work highlights

  • Advising Consortium SOF Connect on the defence of the awarding of the Sofia Airport concession contract.
  • Representing the National Electricity Company in various contentious.
  • Representing UniCredit Bulbank in contentious matters.

Andrey Delchev and Partners - Eurolex Bulgaria

Andrey Delchev and Partners - Eurolex Bulgaria is in demand for high-stakes litigation and arbitration, acting for major global companies such as Allianz and Lukoil. It is currently representing the Energy and Water Regulation Commission (EWRC) in proceedings related to feed-in-tariffs and the alleged loss of profits incurred by producers of renewable electricity. Name partner and arbitrator Andrey Delchev again takes centre stage, leading the team and much of the work highlights. The firm is particularly strong in disputes resulting from public tender processes.

Practice head(s):

Andrey Delchev

Other key lawyers:

Magdalena Valova

Key clients

Allianz Insurance

American University in Bulgaria

Lukoil Bulgaria

Treger Limited

Ministry of Regional Development and Public Works

Road Infrastructure Agency

Sirma Solutions

Sofia Municipality

Specialised Hospital for Active Treatment of Spine Center

Trace Group Hold

Work highlights

  • Represented the Energy and Water Regulation Commission (EWRC) in a series of legal proceedings related to the application of feed-in-tariffs adopted by EWRC and alleged loss of profits incurred by producers of electricity from renewable sources.
  • Acting for radio broadcasting group Fresh Media Group in litigation proceedings before the Supreme Administrative Court in appeal of the decisions of the Council for Electronic Media on the allocation of broadcast licences.
  • Representing Sofia metro operator Metropoliten in a number of cases related to financial corrections imposed by the Bulgarian authorities for alleged misuse of EU funds.

Atanassov & Ivanov Law Firm

A versatile team at Atanassov & Ivanov Law Firm has demonstrable expertise in the disputes arena, particularly within regulated industries, such as the environment, food and drink, financial services and energy sectors, as well as capability in competition and IP litigation. Iliyan Ivanov appears before the country's highest courts, while Stoyan Atanassov is leading advice to UniCredit Bulbank and UniCredit Leasing in claims to the value of €10m. They are supported by a bench of five experienced associates, including employment litigator Maria Dimitrova.

Practice head(s):

Iliyan Ivanov; Stoyan Atanassov

Other key lawyers:

Maria Dimitrova


‘Atanassov & Ivanov Law Firm have been entrusted to handle the legal side of various aspects of our business in Bulgaria for almost two decades. This long-standing collaboration alone speaks for itself about how valuable is the firm is for our business. The team always demonstrates deep knowledge of the law and the legal practices, reliability, high quality professional services and ethics, and great care in our best interest. They are proactive, innovative and approachable, and at the same time follow the best traditions and high standards in providing legal services.’

‘Iliyan Ivanov and Stoyan Atanassov, as partners in the firm, stand out with their decades’ of finely tuned legal and business experience. Their combined specialisation in different areas of the law ensure the best representation for us in court proceedings and debt recovery cases. They always get to the heart of the issues and provide pragmatic and business-oriented solutions. Reliable and approachable, both partners are of great value to our business, and, in particular, to all dispute resolution matters that involve our company.’

‘Absolutely amazing experience, met fully engaged and dedicated professionals who provided strong support, fantastic service and fantastic expertise.’

Key clients

Park Place Energy Corp.

Major Bulgarian food producer

Unicredit Bulbank

Unicredit Leasing

Orno AD

Famous Bulgarian Composer and producer

Elton Corporation

Asset Management Company

Bulgarian maritime entertainment business

Bulgarian Bread Producer

Work highlights

  • Successfully defended a major Bulgarian food producer in a series of alleged environmental infringements, which could have resulted in the cessation of its business activities. Total value: €20m.
  • Defending a Bulgarian asset management company against numerous claims involving various commercial real estates.
  • Continuing to act for UniCredit Bulbank and UniCredit Leasing in insolvency and debt recovery claims to the value of over €10m.

BWSP Ilieva Voutcheva & Co Law Firm

A broad dispute resolution offering at BWSP Ilieva Voutcheva & Co Law Firm includes tax disputes, waste management, energy, construction, retail, NGOs, banking, debt collection and insolvency matters, among others. Diliana Ilieva and Rossitsa Voutcheva are both highly experienced practitioners, whose caseload includes multiple cases before the Supreme Court of Cassation and Supreme Administrative Court. Head of tax Tamara Kovacheva handles high-value tax and administive litigation, such as a €1.3m tax claim on behalf of a client in the food and beverage industry.

Practice head(s):

Diliana Ilieva; Rossitsa Voutcheva

Other key lawyers:

Tamara Kovacheva


The team of Ilieva, Voutcheva & Co is devoted to its work and the lawyers are reliable, meticulous and careful about detailes. They have impressive know-how and the team is always willing to utilise it in order to help their clients. Communication with the team is easy and the legal product is always delivered on time and with exceptional quality.’

Rossitsa Voutcheva stands out with her impressive engagement with the cases and her devotion to the work. Diavena Kalcheva shows just the same passion in her cases and understanding for the client’s needs; her meticulous and thorough approach is recognised and highly valued.

Key clients

Sofia Airport

CPC Europe

S R Technologies (SRT)

Dion Tex Ltd.

IT Services Hungary

Ein Shemer Rubber Industries

Agricultural Co-operative Society

Botevo 1 Solar

Sara – 03


Tzvetelina Kowatschew

International advisors

V.P. Ecosolutions

Kiwi Inc

Work highlights

  • Advised and represented CPC Europe in a dispute with Bulgarian Customs, value €1m.
  • Provided legal support to Sofia Airport in an insolvency case against Alitalia, Dniproavia and Adria Airways.
  • Advised and represented Sara – 03 Ltd. in a €800,000 tax dispute with the National Revenue Agency.

Jordanov, Ignatov, Ivanov Law Firm

Jordanov, Ignatov, Ivanov Law Firm is a 'safe bet for any in-house counsel seeking advisers for complex, multidisciplinary or high-value disputes'. Name partner Dimitar Ivanov has a strong track record as a litigator and international arbitrator and is described as 'precise, efficient and very experienced'. Senior associate Svilen Babachev is a key member of the team and 'an excellent professional'. The firm is particularly strong in energy disputes, and is notably acting for the Ministry of Energy in matter concerning the Belene Nuclear Power Plant project.

Practice head(s):

Dimitar Ivanov; Ivan Jordanov

Other key lawyers:

Svilen Babachev; Rumen Ignatov


‘ We have fully relied upon the services of Jordanov, Ignatov & Ivanov. They have proven to be a reliable partner and and have provided highly proficient services which reaffirms their reputation as one of the leading dispute resolution practices on the Bulgarian legal market. Partner Dimitar Ivanov and senior associate Svilen Babachev are the legal professionals that primarily work for us’.

‘They are very results oriented and can be both analytical and pay attention to detail while remain focused on the big picture. They are also value for money and they are very transparent with their charging of fees.’

‘Ivan Iordanov is ideal in strategy; Dimitar Ivanov is very thorough in his analyis; Svilen Babachev can work under extreme pressure; and Rumen Ignatov has a very clear mind and sometimes offers you a perspective you didn’t see was there.’

‘The JII dispute resolution and arbitration practice is known for its extraordinary experience in high-value, high stakes disputes across different industries and before different venues. JII stands out for its impressive success rate in domestic litigation and international arbitration. Their lawyers possess deep theoretical knowledge in combination with extreme attention to the detail and strategical thinking. Overall, they are a safe bet for any in-house counsel seeking a firm for complex, multidisciplinary or high-value disputes.’

‘The leading partner Dimitar Ivanov is one of the best litigators I know and have had the honor to work with. He is precise, efficient and very experienced. The depth of his expertise makes him invaluable in complex cases requiring strategic planning . The senior associate Svilen Babachev is an excellent professional who works with passion and dedication backed by his solid theoretical knowledge.’

‘ We have been using the legal services of Jordanov, Ignatov and Ivanov since 2011. They have been providing litigation services to us including representation in both court and arbitration cases of a complex nature. JII’s team provides us with quality legal support and defence up to the professional and ethical standards we expect. The response times to our inquiries are very fast and we receive excellent value for the price we pay. We appreciate the industry knowledge demonstrated by JII in our business (construction), as well as their long and various litigation experience. The strategical advice we receive in all matters is very useful and gives us a bigger picture in any situation.’

‘We work mostly with Rumen Ignatov as well as Svilen Babachev. Both of them possess remarkable qualities as litigation experts. They are pro-active and very diligent in handling our disputes. Mr. Babachev shows remarkable expertise in court hearings and Mr. Ignatov is very competent at designing the right dispute strategy.’

‘We choose the litigation department of Jordanov, Ignatov & Ivanov to represent us in multiple interconnected high- stakes disputes, the outcome of which impacts on the whole investment of our company in Bulgaria. We are extremely content with their services, which are not only valuable, adequate, expedient and competent but also very business oriented, strategic and cost saving.’

Key clients

Core Construction

Ministry of Energy


Quintiles Bulgaria

Turk Telecom


Bulgarian Energy Holding

National Palace of Culture

Fais Group

Dante International

Esha Bulgaria

Marina D’or

Pleven Retail Centre

National Electricity Company

Bulgarian Property Developments

Lindner Holding Bulgaria

ALC Bulgaria

Bulgarian Petroleum Company


Varna Logistics

Work highlights

  • Representing the Ministry of Energy in complaints filed before the Supreme Administrative Court seeking to repeal the decision of the Bulgarian Council of Ministers to restart of the Belene Nuclear Power Plant project.
  • Acting for Greek construction company Core Construction in their multimillion-euro dispute against real estate developer, Sofia (Garitage) Park, concerning a high-tech project developed specifically for the software giant VmWare.
  • Successfully represented Karnobatev on appeal concerning payment users rights against banks, a possible precedent-setting case examining the interaction between national legislation and EU norms.


Antonia Mavrova and counsel Mladen Minev are building a credible practice at Kinstellar with two significant wins in the past year: defending Direct Petroleum Bulgaria in a high-value dispute against the State, and successfully defending the Meridiam-led SOF Connect consortium in a challenge to their winning bid for the Sofia Airport concession. Indicative of the growing practice, the firm welcomed managing associate Atanas Mihaylov from Wolf Theiss and counsel Anton Petrov from Djingov, Gouginski, Kyutchukov & Velichkov in 2020.

Practice head(s):

Antonia Mavrova; Mladen Minev

Other key lawyers:

Atanas Mihaylov; Anton Petrov


Although a rising firm on the Bulgarian market, it is already making an impression of remarkable expertise and experience to represent clients in complex lawsuits.’

Atanas Mihaylov is a skilled professional with a long-term approach to every case.’

Great team, always able to help with excellent knowledge and a professional attitude.’

Bright and reliable professionals.’

The dispute resolution practice of Kinstellar is unique for its ability to combine strong litigation experience with advice on a broad range of law issues related to real estate, commercial and construction matters, so it can effectively arrive at a favourable outcome for the client. The team is highly efficient and creative, approaching each dispute strategically with a commercial mind-set. Having worked together on a number of disputes, I have gained thorough trust in the team and full-heartedly recommend them for all litigious matters.

I would like to single out partner Antonia Mavrova and Counsel Mladen Minev who are 100% reliable and always deliver hands-on and to-the-point advice.’

‘Antonia Mavrova has an impressive mix of business and legal know-how, combined with professionalism and pragmatism. Her problem-solving skills have given me a great peace of mind throughout the many years of collaboration. She is always on top of things, has a strong understanding of the business and is very perceptive when it comes to solving high-stakes disputes.’

‘Mladen Minev is an astute litigator with years of practical experience and deep expertise across many fronts. He excels in lateral thinking and ability to propose innovative solutions. I commend his impressive law knowledge and high degree of client commitment which have been critical during our years of working together. Mladen is straightforward and savvy and handles every situation in an efficient manner.’

Key clients


Direct Petroleum Bulgaria

CSL Behring

Dubovo Energy


Sofia South Ring Mall

NEPI Rockcastle

Work highlights

  • Successfully represented the consortium awarded the 35-year concession of Sofia Airport (Meridiam, Strabag AG in partnership with Flughafen München) during litigation procedures related to the tender process.
  • Defended Direct Petroleum Bulgaria, a subsidiary of oil and gas company Trans-Atlantic Petroleum, in a multimillion-dollar energy dispute against the Bulgarian State.
  • Representing NEPI Rockcastle in a litigation procedure defending their rights and obligations as the landlord of two major shopping centres in Sofia, Bulgaria in the context of COVID-19 measures.

Penkov, Markov & Partners

Penkov, Markov & Partners continues to grow market share under practice head Atanas Valov, who is noted for his 'good presence and standing in the court room'. The firm handles some market-critical and high-value cases, such as a €15m action on behalf of Toto Costruzioni Generali in the Bulgarian Supreme Court of Cassation against a Polish public body. Experienced senior associate Pavel Tsanov was a key hire recently, but partner Yura Mincheva departed for Ernst & Young.

Practice head(s):

Atanas Valov

Other key lawyers:

Pavel Tsanov


‘The Penkov, Markov team is our preferred choice in the field of dispute resolution, whereby we have assigned to them our penal administrative cases, administrative disputes, commercial litigations, ownership disputes and tort litigations. They have a well-structured, responsive and experienced team, with very good success rate and ability to strategically plan the development of the cases in advance. Penkov, Markov are very practicable, do not waste time on unnecessary, purely theoretical, problems or solutions and concentrate on the practical risks and their counter-measures. They are also quite precise in their legal writing.’

‘Atanas Valov, their head of litigation, is our main contact in the field and defends us under all of our cases. He has good presence and standing in the court room, fast reaction and responses to the counterparties, and combines profound knowledge, both of the procedural specifics of the civil and administrative litigation and the substantive law under our disputes. We shall definitely continue to rely on his expertise in the years to come and consider him as one of the very professional litigators in the field.’

We have good impressions from their new addition, Pavel Tsanov, who started representing us on a number of our penal-administrative cases and has a calm and cool presence in the court room; and of their younger litigator Boris Strijlev, who also commands good knowledge of the administrative proceedings and substantive administrative law.’

‘The PMP team is very strong in communication, both with the client and the government institutions. Cooperation is another distinctive feature to be noted – they are always available. Coordination is also an extremely important aspect, especially when it comes to large and important cases, wherein more than two parties are involved. Their team leads and coordinates the entire processes from the beginning until the end.’

‘The strength of their team comes from supporting each other, communicating well, and doing their share – teamwork. They are a great collaborative team – their lawyers have differing skill and expertise sets which make them able to see and to propose an approach and solution that takes into account all the different aspects of the situation.’

Key clients

Komercijalna Banka Skopje

Arteks Engineering

Toto Costruzioni Generali

Nedvizhimi Imoti Sofia SIPJSC

Consorzio Agrario Terrepadane


DNV GL SE (former Germanischer Lloyd SE)

Arteks Zlaten Vek

Minstroy Holding Group

RES producers appealing the new SP1-SP6 decisions of CEWR


ČEZ and CEZ Bulgarian Investment

Coca-Cola Hellenic Bottling Company Bulgaria (CCHBCBG)

Obzor Development


Haskovo Municipality

Gravel and Sand Pits Bulgaria

Zlatna Panega Cement


Adella Clinic

Fund for Guaranteeing of Deposits in Banks

Global Biomet


Glorient Investments BG

Work highlights

  • Represented Komercijalna Banka Skopje in a €2.5m debt collection procedure against physical persons and companies from the Elprom Group, who have acted as guarantors of the Macedonian debtor of the bank.
  • Represented multiple RES producers in €5.5m tort cases against the State for reimbursement of collected anti-constitutional fees on the turnover of the producers during 2014.
  • Represented DNV GL SE (former Germanischer Lloyd SE) on a €5m civil action arising from the claims of relatives of victims of the sinking of the Ilinden ship in the Ohrid Lake in 2009.

Tomov & Tomov

The small but highly-focused team at Tomov & Tomov specialises in representing the state government, particularly the Ministry of Finance, in high-level litigation and arbitration, such as defending the Republic of Bulgaria in a €750m claim in the energy sector. Firm senior partner and head of the practice Lazar Tomov is an experienced international aribitrator and litigator and has been 'decisive for winning many significant cases'. Sylvia Steeva provides valuable support as the other key member of the team.

Practice head(s):

Lazar Tomov

Other key lawyers:

Sylvia Steeva


‘Tomov & Tomov can be relied upon to provide sound legal advice on complex legal issues. They have excellent response times. They are a compact and well-organised team that is capable of dealing with huge records and complicated legal matters.’

‘I would recommend Lazar Tomov. His broad legal knowledge, excellent strategic judgement and powerful advocacy have been decisive for winning many significant cases.’

‘The Tomov team is world class. It is highly responsive and detail oriented. Their approach is at the same time practical and yet methodical and rigorous. They understand strategy and function at the highest level of practice. ’

‘Lazar Tomov is excellent: he provides reliable guidance and deep understanding of even the most complex commercial and legal issues. I would not make any decisions regarding legal issues in Bulgaria without consulting him.’

Sylvia Steeva is highly responsive with a methodical attention to detail.’

Key clients

Republic of Bulgaria

White & Case LLP

Arnold & Porter LLP

Work highlights

  • Representing the Republic of Bulgaria in investment arbitration regarding renewables.
  • Representing the Republic of Bulgaria in investment arbitration regarding energy utility.
  • Representing the Republic of Bulgaria in investment arbitration regarding a real estate project.

Wolf Theiss

Wolf Theiss' team consists of ‘experts in complex multi-national disputes with a fantastic understanding of the political, cultural and commercial ecosystems of South-Eastern Europe’. Practice co-head Radoslav Mikov is leading advice to the General Director for National Roads and Motorways of Poland in the Bulgarian Supreme Court of Cassation concerning a public procurement dispute against a Bulgarian company. Fellow co-head and office managing partner Anna Rizova is recommended for disputes concerning heavily regulated industries, while newly-promoted counsel Oleg Temnikov is 'definitely one of the rising stars on the Bulgarian dispute resolution market'.

Practice head(s):

Anna Rizova; Radoslav Mikov

Other key lawyers:

Oleg Temnikov


‘Wolf Theiss’ dispute resolution practice is unique on the Bulgarian market because of its exceptional cross-border and complex disputes capabilities. Their most valuable strength is the capability to handle complex disputes with cross-border elements, including elaboration of the litigation strategy, consistent handling of the pre-dispute phase, and possible negotiations and representations in all kinds of disputes in Bulgaria. In this respect, they are among the best on the market, including comparing to major Bulgarian law firms. Areas of particular strength are international arbitration, insolvency proceedings, energy disputes and general commercial litigation.’

‘As a lawyer and insolvency administrator, I work most often with Oleg Temnikov, including currently on several cross-border insolvency and enforcement matters. He is definitely one of the rising stars on the Bulgarian dispute resolution market. I would note his very impressive education and unrivaled knowledge and his responsiveness and efficiency. His particular strength is the capability of quickly gaining knowledge and understanding the “big-picture” of very complex cases and elaborating the most efficient litigation strategy. In particular, we have worked with Oleg Temnikov on unique cross-border insolvency cases, where his experience with EU private international law instruments was of essential value for the case.’

Other names to note are partner Radoslav Mikov, who is known for his experience in energy-related disputes, and partner Anna Rizova, who is known for her commercial and white collar disputes experience. They are both very practical and efficient.

‘Experts in complex multi-national disputes with a fantastic understanding of the political, cultural and commercial ecosystems of South-Eastern Europe. ’

‘I worked in litigation matters mainly with Oleg Temnikov. He has a very good practice in energy and insolvency matters and regularly advises on such matters. He has very good expertise in cross-border and arbitration issues and the firm takes such mandates constantly. Anna Rizova as partner is a good litigator as well. The team works alot on competition law matters. I recommend them for energy and cross-border enforcement matters as well as insolvency.’

‘I would like to recommend Oleg Temnikov. I have known him for nearly ten years professionally so I have a good grasp of what he knows and can do. I have also worked with him for some regulatory and litigation matters. I highlight his very good knowledge and understanding of cross-border procedures, also arbitration and insolvency. He has good professional contacts in the local community and internationally. In terms of sector knowledge, he has good expertise in energy matters. I highlight Anna Rizova for leading litigation mandates as well.’

‘One of the biggest strengths of the Wolf Theiss litigation department is an ability to work under time pressure. The department also always provides us with complex and comprehensive updates on the status of the proceedings. They work quickly and effectively. They are available whenever we need their support. ’

They are readily contactable and willing to engage and act promptly at all times. Communication skills are excellent.’

Key clients

Axpo Bulgaria

ERG Wind Bulgaria SPVs




ENEL Green Power Bulgaria

EQOS Energie Oesterreich

Vesto Energy

Work highlights

  • Representng ENEL Green Power and its 14 subsidiaries in Bulgaria in a number of litigations against the State for damages arising out of the application of a tax, declared unconstitutional.
  • Acting for Axpo Bulgaria in several high-value commercial litigations and arbitration arising out of an electricity purchase agreement.
  • Advising the General Director for National Roads and Motorways of Poland on appeal in the Bulgarian Supreme Court of Cassation concerning a public procurement award for the construction of a major Polish highway.

Deloitte Legal Law Firm

Deloitte Legal Law Firm has a steady caseload of diverse commerical disputes, with a notable niche strength in public sector litigation at local government level. Renata Petkova specialises in banking and finance disputes and co-leads the practice alongside senior managing associate Zvezdelina Filova, who has 17 years' experience litigating in courts of all levels.

Practice head(s):

Reneta Petkova; Zvezdelina Filova

Work highlights

  • Representing an overseas engineering company in a dispute with a joint venture partner concerning a municipal utility project.
  • Successfully represented a Bulgarian municipality in the Supreme Administrative Court in a dispute concerning a financial contract amendment.
  • Representing a prominent local manufacturer  regarding a dispute over the  enforceability of a contractual penalty clause.

Gugushev & Partners Law Office

Gugushev & Partners Law Office fields a sizeable 10-strong dispute resolution team, including three partners: practice head Dafinka Stoycheva and managing partner Stefan Gugushev, who are both experienced in international arbitration, and real estate specialist Petko Angelov. The practice handles a large and diverse caseload for some signficant companies, such as steel producer Stomana Industry. 

Practice head(s):

Dafinka Stoycheva

Other key lawyers:

Stefan Gugushev; Petko Angelov


‘Gugushev & Partners have been defending our interests and successfully representing us before the arbitration court. We are really pleased with the professionalism and diligence with which they handled the matter and we understand that the court representation on such a task required huge experience in the field of construction of infrastructure projects. The law firm’s significant knowledge in the field of dispute resolution was of crucial importance as the case complexity kept increasing. The team working on our case was very analytical and diligent, but also very business-oriented, so they never lost sight of the big picture. Experienced and easy to reach. ’

‘With respect to our court cases, we can distinguish the very diligent approach of the litigation team we work with. They are all outstanding professionals with profound expertise and strategic thinking, always on top of everything and even three steps ahead. Considering the constantly changing circumstances, this large team of legal experts always responds with appropriate solutions, allowing us to fully understand the necessary steps and their impact. We have been working with Gugushev & Partners on a very sensitive case, where the ability to communicate promptly and adequately with their team is very valuable. ’

‘Primarily, we communicate with Dafinka Stoycheva who is an exceptional specialist with a proven background and expertise in the field of dispute resolution. She leads the case with a firm and confident grip and exhausted every option to achieve the desired outcome. A leading team member on our cases is also Aleksandrina Terziyska, who has a very practical approach and is a very focused and result-oriented lawyer, ensuring that the current status of the case reflects all relevant information and updates.’

‘The high level of professionalism of the law firm, in general, is perhaps their most impressive quality. It gives us a sense of trust and security in their overall abilities which is really useful as we feel free to discuss with them anything that we consider important regarding the case. The team presented to us an in-depth examination of the case, structured litigation strategy, preparation of the claim and its submission and analysis of the possible litigation outcomes. The team of Gugushev and Partners is flexible, devoted to their work, well organised and efficient.’

‘In the area of dispute resolution, we have been working with Stefan Gugushev, Dafinka Stoycheva and Desislava Kostova. Mr Gugushev, the managing partner, is a real legal expert on an international level, fluent in many aspects of the legal matters. He is a very creative and solution-oriented lawyer, combining strong business acumen with deep legal expertise.’

‘Another exceptional lawyer we are working with is Dafinka Stoycheva, also a partner at the firm and head of the litigation department. She is a very accurate and efficient lawyer, always doing her best to deliver tailored approaches to each case that can yield us the best outcome of the litigation proceeding.’

‘Part of our team is Desislava Kostova, who is a senior associate at Gugushev and Partners law office. She is also a very good lawyer and is very accurate in her work. She demonstrates high professionalism and pays attention to every single detail which is very important for us.’

‘The lawyers are excellent professionals with deep expertise in different areas of law which allows them to provide complex legal services and to analyse the case in detail and to find the best solution applicable for this case in particular.’

‘We have the exceptional pleasure to work with a well-stacked team of professionals where the lawyers have profound expertise, review the problems from different perspectives and at the same time provide complementary and balanced solutions. In our ongoing communication, we always receive timely and grounded solutions. The legal experts are very proactive, with a hands-on attitude and impeccable responsiveness on each and every occasion, even beyond their working obligations.’

‘On the several cases we have assigned to them, we work together with Dafinka Stoycheva and Ivan Tsvetkov, as well as Tsvetina Stefanova (employment case). The leading expert on the cases is Dafinka Stoycheva, the head of the firm’s dispute resolution team, who has vast expertise and experience in this area. Her approach is resolute, detailed and at the same time agile which we consider necessary for our cases.’

Key clients

Stomana Industry

Odrin 8

General Agrohimikali

Aena Dragova



Remix Global

Agro Santino

Rudnap Group

DMA International

Former employees of Alpha Bank

Tereza Tsnankova

Mladen Dzalazov

Photovoltaic power plant owners

Work highlights

  • Represented Stomana Industry, one of the largest steel producers on the Balkan Peninsula, in negotiations and related court proceedings with six insurance companies in connection with a dispute over the payment of an insurance indemnity.
  • Representing Odrin 8 in its numerous appeals against various administrative acts related to the suspension of originally-approved construction works.
  • Acting for 16 former employees of Alpha Bank, acquired by Post Bank, in an unfair dismissal case, which triggered an interpretative judgement by the Supreme Court of Cassation.

Kinkin & Partners

Kinkin & Partners has a diverse caseload managed by practice head Vladimir Kinkin, a litigator of 30 years. Matters include a class action on behalf of creditors of the insolvent Corporate Commercial Bank.  Adriana Nacheva  is experienced in energy, environment and natural resources, real estate, urban planning and construction disputes.

Practice head(s):

Vladimir Kinkin

Other key lawyers:

Adriana Nacheva

Key clients


Alliance of the producers of ecological energy

Association of the Depositors Harmed by the Corporate Commercial Bank


East Estates




RGK Group

RVB Bulgaria

The Bakers

Tombou Bulgaria

VEZ Svoghe

Work highlights

  • Representing The Bakers in proceedings regarding cancellation of trade marks and industrial designs’ registration.
  • Acting for East Estates in enforcement proceedings for breach of contract, value €0.5m.
  • Successfully representing Belvi on appeal to the Supreme Administrative Court in gaining an extention to permission granted for the construction of a hydroelectric generating station.

Murgova & Partners Attorneys at Law

Managing partner Petya Murgova at Murgova & Partners Attorneys at Law leads an in-demand disputes practice, which boasts its own mediation and conciliation centre. She is assisted at the helm by Alexander Moskov, while Silvana Dzharkova-Aleksandrova was promoted to partner in 2020 and also plays a key role. The team is 'highly motivated'.

Practice head(s):

Petya Murgova; Alexander Moskov

Other key lawyers:

Silvana Dzharkova-Alexandrova


‘The practice of Murgova & Partners is exceptional with a timely and thorough resolution of each case. The team is made up of experienced lawyers exceeding the number of teams in some other Bulgarian legal offices.’

‘Nowadays I personally work with the managing partner attorney Petya Murgova, partner attorney Alexander Moskov, attorney Simeon Krastev, attorney Elisa Joneva and attorney Yordanka Chakarova. Each of them is distinguished by their high professionalism. I appreciate their striving to resolve any dispute through mediation and negotiation between the parties.’

‘Murgova & Partners are a team of legal professionals who manage to provide high-quality legal services. When we first established contact with them we were unsure if they would agree to undertake our case due to the very short deadlines which had to be met. On the contrary, they undertook the case and worked hard in a very limited time window. It was a difficult assignment as it involved very specific construction works and our claim had to be well presented in court. Despite the very short deadlines they managed to file the claim in time. This only showed us that they were well aware of what they were doing and that they can be trusted.’

‘ We could define the team of the firm as highly motivated in achieving positive results, professionals last but not least. ’

‘We have been cooperating with Murgova & Partners for over five years and we could definitely say that with each passing year the team proves that we have made the right decision by choosing them for our entrusted advisor in the field of dispute resolution. We have assigned the most significant commercial claims of the company to the firm and have entrusted them with labour cases with former employees of the company. Despite the fact that each case differs, for all of them we could say that they are both notably complex and with a high importance to our reputation. Taking this into consideration, we have no doubt that Murgova & Partners managed to achieve the best possible outcome, always being beneficial for our company.’

‘Our cases are handled by the partners in Murgova & Partners. The managing partner, Petya Murgova, is managing the dispute resolution team in the practice in an excellent manner. Her in-depth theoretical and practical skills in litigation and during negations bring positive outcomes to our cases. Her colleagues, Aleksander Moskov and Silvana Dzharkova-Aleksandrova, are also key members of the team, with solid practice and very adequate reactions in each unexpected situation. They are very easy to communicate with and provide us with business oriented advice in accordance with the applicable legislation.’

‘We could define the entire team of the firm as serious professionals, highly motivated on achieving positive results. First of all, we could point out the managing partner, Petya Murgova. Due to her continuous practical experience, negotiation skills and vast expertise she is capable of adequate reactions in each unexpected situations which arise within the court cases. Other team members we could recommend are Alexander Moskov and Silvana Dzharkova–Aleksandrova. Both of them stand out as extremely prepared practitioners, always very responsive and providing advice strictly on time, which adds a great value to the provided legal services and assistance.’

Key clients

Active Sofia

Palms Mercure Casino

Fobos Auto

Unique Estates

ET Gena Gospodinova

Simonas cards

Property Assets

22 Vek ltd

AS-M 2016

SOD 2004

IMAG Engineering


Work highlights

  • Representing Soccerstars in a breach of contract claim concerning the organisation of soccer training camps for leading Israeli football teams.  
  • Advising the Ministry of Defence’s Information Centre on an appeal against a detailed development plan.  
  • Continuing to advise manufacturer 22 Vek on a €150,000 debt recovery matter against CEZ Bulgaria.

Popov, Arnaudov & Partners

Popov, Arnaudov & Partners advises UniCredit Bulbank on the bulk of its loan default and debt recovery work, a relationship that spans many years. Its varied portfolio also includes acting for the State administration in a case at the Sofia Appeal Court concerning software insurance and licensing. Desislava Tsvetkova and Emiliyan Arnaudov are the key advisers.

Practice head(s):

Desislava Cvetkova; Emiliyan Arnaudov

Key clients

UniCredit Bulbank

A1 Bulgaria

Rila Consult

Administration of the Council of Ministers of the Republic of Bulgaria

University Hematology Hospital Sofia

R&M Bulgaria (Reichle & De-Massari AG)

Executive agency “Marine administration”

Est Jcs

Work highlights

  • Representing UniCredit Bulbank on large-scale debt recovery cases, amounting to several milliion euros.
  • Acting for Rila Consult in respect of multiple disputes with former business partners.
  • Representing the State administration in a dispute with a third party concerning Microsoft software insurance and licensing, awaiting hearing in the Sofia Court of Apppeal.

Simeonov & Dermendjiev

With a long-established reputation in the disputes arena, Simeonov & Dermendjiev continues to advise a diverse client base on some high-value disputes, such as defending a €12m claim on behalf of power engineering company Power Tools. Head of the practice Ivaylo Dermendjiev  is noted for his international arbitration experience.

Practice head(s):

Ivaylo Dermendjiev

Other key lawyers:

Vassil Baichev


A very solid dispute resolution firm with great experience in arbitration. Mr. Dermendjiev is an excellent, independent and experienced arbitrator. He is very reactive, hands-on and a pleasure to work with.’

The team is lead by Ivaylo Dermendjiev who is a particularly prominent name in the dispute resolution arena in Bulgaria. He sits at CAS and the LCIA among others, and has participated as counsel in multiple international arbitration proceedings involving parties in Bulgaria. This is the first practice in Bulgaria which features an entirely foreign-trained associate with a profile specialised for the practice of international arbitration.’

Ivaylo Dermendjiev has an outstanding commercial awareness and good judgment. Vasil Baychev is a great communicator and shows great awareness of clients’ commercial needs.’

What makes this practice unique is unparalleled national-level expertise and experience in international dispute resolution, and more particularly, in international commercial, investment and sports arbitration. The firm is among the few Bulgarian law firms that have over the past ten to 15 years been involved in key arbitration cases involving a Bulgarian party. The firm has opposed some of the best international arbitration practices both in Europe and in the US and has delivered a top quality work product.

The team combines locally-trained and experienced Bulgarian lawyers, who are internationally educated and trained in arbitration, public international law and European law. The firm is much more flexible than traditional Bulgarian law firms and collaborates with law firms from a number of countries. As far as I know, they are very flexible when it comes to fees and provide customised solutions (including litigation funding) for different kinds of clients.’

I have most often worked with Ivaylo Dermendjiev who is an outstanding specialist in international arbitration. He is responsible, determined and highly efficient. He stands out with his strong sense of fairness and high values. He combines in-depth academic knowledge with practical business experience to provide a high level service both as arbitrator and counsel.’

Flexible, competent, lean and excellent in client management. Great diversity split between senior roles and juniors. Iva Koleva is an excellent technical lawyer with remarkable commercial awareness for her age. Ivaylo Dermendjiev is an oustanding client manager with a very experienced and sensible eye for project management and legal strategy. Vassil Baichev has outstanding knowledge in the sphere of dispute resolution.’

The S&D team has an outstanding reputation in international arbitration that I can fully echo. The team is highly efficient and levels up to the leading international arbitration practices in Paris, London or New York when it comes to the quality of the work product and observing tight arbitration proceedings deadlines. All members of the team have been readily available and willing to go the extra mile in order to satisfy the client and meaningfully and wholesomely defend the client in the context of an ongoing proceeding.

Key clients

Power Machines

Handy Bulgaria

Cosmos Energy

Municipality of Sofia

Balkan Holidays

Hyundai Bulgaria

Svilocell EAD

Work highlights

  • Defending Power Machines in a €12m claim brought by Toplofikacia Sofia for damages due to alleged delay relating to a turbogenerator and associated equipment.
  • Representing Handy Bulgaria in a €3.5m abuse of dominant position claim against  A1 Bulgaria.
  • Advising Cosmos Energy in proceedings against the Bulgarian Ministry of Finance regarding the construction of a fuel warehouse at the Port of Burgas, value €4m.

Stankov, Todorov, Hinkov & Spasov

A diverse caseload demonstrates the versatility of the team at Stankov, Todorov, Hinkov & Spasov, which advises on disputes within the construction, pharmaeutical, food and fisheries, energy and entertainment industries, to name a few. The practice is led by Mihail Stankov, who  is 'precise', alongside 'ambitious' Hristo Hinkov.

Practice head(s):

Mihail Stankov; Hristo Hinkov


Thanks to Stankov, Todorov, Hinkov & Spasov’s hard work a fine imposed on us has been annulled. Throughout the process of work, they kept us informed and answered our questions, which I believe is a key quality for the work of a reliable lawyer/law firm.’

The team at Stankov, Todorov, Hinkov & Spasov is extremely hardworking and responsive. What I like most is the dedication they apply to each case no matter the material interest or the complexity of the matter.’

I have been working with Mihail Stankov, a partner in the law firm. He is young and ambitious. He differs from some other lawyers in Bulgaria with his ultimate dedication to his work. Mr. Stankov is precise, has the necessary expertise and capacity of knowledge to deal with some of the most difficult cases.’

Although each of the lawyers at Stankov, Todorov Hinkov & Spasov has unique qualities, as well as a different area of competence and approach to work, together the team works even better. They all complement each other and manage to put their efforts and knowledge in the right direction. And the facts speak for themselves – so far we have achieved success in several of the cases, as well as out-of-court resolution of some cases with a positive result for us.

Over the years, the lawyers we have worked mostly with are Hristo Hinkov and Petar Spasov, who are partners in the firm. They have in the first place exceptional social and communicative qualities that strengthen the client-lawyer relationship; they manage to present information in an accessible way, and also treat the client with great respect. In second place they are real professionals when it comes to corporate law. Combining these qualities into one, I have never had any worries about who I have entrusted the legal issues of our company.’

We believe that Stankov, Todorov, Hinkov & Spasov’s biggest strength is the diversity of the legal assistance they provide. They have worked with us on matters of administrative law, civil law and have prepared us legal opinions on specialised topics (such as the legal framework for prices of medicinal products). Another positive aspect of their work is that they respond to enquiries promptly and in detail.’

The lawyers with which we work the most are Hristo Hinkov and Simeon Hinkov. Both have given us splendid legal assistance. They are both diligent and have a lot of experience in their field.’

‘What strikes us the most about Hristo Hinkov is his expertise in the field of commercial law and his personal approach towards each of our legal matters. He always keeps us updated with the development of our cases and proposes multiple solutions to each problem we have.’

‘Simeon Hinkov has an in-depth knowledge of Bulgarian, European and international law. He is very attentive and patient with us and is always available for further questions on legal matters.

Key clients

Besta Med

Max Covering

Bester Generacion Bulgaria

Fish Invest

MR Energy




Medis Pharma Bulgaria


Cipy Corporation

Baka 357 Ltd.

Grainchart Ltd.

The Slovenian Embassy in Sofia

MD Build Ltd.

Peltina Ltd.

PAN Chemicals Ltd.

Work highlights

  • Acted for medicinal product importer Besta Med in administrative proceedings regarding the regulation and pricing on medicinal products.
  • Defended construction company Intertek International in arbitration against its joint venture partner concerning the termination of a contractor agreement.
  • Advising engineering company DI-2M Ltd in a breach of contract/debt recovery case against a municipality regarding the construction of two municipality streets.

Tsvetkova Bebov Komarevski

A strong, international client base at Tsvetkova Bebov Komarevski includes Société Générale and Glencore Agriculture Romania; the firm is advising both as creditors in multimillion-euro insolvency proceedings. It also works alongside some well-known global law firms in international arbitration and ECJ cases. Practice head Iliya Komarevski is 'always practical and solution-oriented' and leads a small team of associates. 

Practice head(s):

Ilya Komarevski

Other key lawyers:

Victoria Tzonkova


‘They handle the matters in a very responsible and responsive way, making regular updates, taking several initiatives to speed them up. Strengths are their proactiveness and keeping clients updated.’

‘The team consists of young, but experienced professionals and can cover different areas. The communication with the team is easy, the people are very supportive. The partner, Ilya Komarevski, has a good control over all issues and provides advice and support if needed.’

‘Experience, good communication skills, good command of English language.’

‘It is an international level practice, with different criticalities, and able to manage different levels of judgment in two countries.’

‘They are very prepared and professional. Ilya Komarevski and Philip Kiossev have always shown that they want to get to the bottom in understanding the peculiarities of our sector, in order to understand what arguments to use in support of the cause. Always available for an explanation or further study, very important as we are in another country and it was important to understand the dynamics and decisions of the court.’

‘Strong knowledge, great communication. Easy to communicate. Every one of them delivers strutcured information in a meaningful way on time. They provide realistic estimations about time and their schedule.’

‘TBK is different from the others we have worked with. Their team is always very responsive, solution-oriented and practical. They would never recommend entering a litigation ‘no matter what’, but only after reasonable assessment of the situation. They are experienced and truly reliable professionals. ’

‘I have worked with Eleonora Mateina, Ilya Komarevski and Philip Kiossev. It is a pleasure to work with all of them. The team is lead by Ilya who is always practical and solution-oriented. Eleonora and Philip are truly agile and capable of working within tight deadlines and are accommodating to a fastly changing environment ’

Key clients

Société Générale


Glencore Agriculture Romania


Progress Software (formerly Telerik)


Deutsche Bahn


Balkan Advisory Company IP


Musala Soft

Work highlights

  • Represented Société Générale, Paris in the insolvency proceeding of Bulgarian bank, Corporate Commercial Bank, successfully obtaining for the client €2.5m more from the courts than the €5m allocated by the insolvency administrators.
  • Representing Italian jewellery manufacturer Faro in the Supreme Administrative Court in a €600,000 trial against the State of Bulgaria (Bulgarian Customs).
  • Acting for Glencore Agriculture Romania in various commercial cases and insolvency proceedings against debtors of the company, amounting to over €2m.