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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Bulgaria > Energy and natural resources > Law firm and leading lawyer rankings


Index of tables

  1. Energy and natural resources
  2. Hall of Fame
  3. Leading individuals
  4. Next generation lawyers

Leading individuals

  1. 1

Who Represents Who

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CMS advises energy producers, distributers and traders across all of Bulgaria’s main energy sectors and is the dominant firm for oil and gas. The group assists Petroceltic with compliance and licensing concerning its exploration and production activities and is also retained for dispute resolution. ‘Highly skilled and very professional’ Kostadin Sirleshtov heads the practice and often leads on regional work handled by teams drawn from the firm’s other CEE offices. ‘Remarkable expert’ in up- and downstream oil and gas Angel Bangachev rejoined the firm from Tsvetkova Bebov Komarevski, where he was practice head.

Djingov, Gouginski, Kyutchukov & Velichkov’s practice is led by Milan Pandev, who is ‘a highly knowledgeable practitioner of energy law’. The group handled some of the biggest transactions on the Bulgarian energy market, including the local aspects of Enel Green Power International’s €2bn pan-European consolidation of wind farm assets. Zdravka Ugrinova advised on CEFC China Energy’s $680m global acquisition of Rompetrol. Anton Krustev has substantial experience in energy disputes. ČEZ Group is another key client.

Kambourov & Partners has ‘in-depth knowledge’ in energy regulation, and vast experience handling mandates in natural resources and mining exploration. The group also advises producers, distributers, suppliers and traders operating in Bulgaria’s energy sector. Recent highlights include advising Trafigura on a transport contract for natural gas transmission with Bulgartransgaz. Practice head Stefan Tzakov is ‘precise and straight to the point’.

Andrey Delchev and Partners - Eurolex Bulgaria is assisting Bulgartransgaz, the owner of the Bulgarian national gas distribution network, with its feasibility study for gas transmission between Bulgaria and Turkey. The group is representing the Energy and Water Regulation Commission (EWRC) in an administrative appeal against a licence revocation initiated by City Gas. Andrey Delchev leads the practice.

Boyanov & Co’s practice head Alexander Chatalbashev is experienced in major energy corporate transactions, project development, due diligence and energy-related litigation. Svetlina Kortenska specialises in the liberalisation of the Bulgarian gas market. The group is acting for the local subsidiary of EVN Group on various regulatory and contractual matters, and in proceedings before the local energy regulator.

Georgiev, Todorov & Co’s Mariya Derelieva is singled out for her ‘high-level advice regarding complex energy regulatory matters’ and general expertise in the sector; she successfully represented Toplofikatsiya Ruse in a series of administrative court proceedings appealing a decision of the EWRC. Alexander Katzarsky handles a number of energy disputes.

Jordanov, Ignatov, Ivanov Law Firm handled several significant disputes in the Bulgarian energy market. Name partners, the ‘commercially savvyIvan Jordanov, ‘excellent negotiatorRumen Ignatov and ‘highly analyticalDimitar Ivanov all have significant experience in the sector. The group also advises domestic and foreign clients on energy-related corporate and M&A matters.

Wolf Theiss’ full-service energy practice advises state- and privately owned energy companies, suppliers, distributors and financial institutions. Radoslav Mikov assisted Frea Axpo with all aspects of a corporate restructuring, including the transfer of employees and assets across the Balkans. Mikov and Anna Rizova advised South Stream, as local counsel, on all matters concerning the construction and development of a section of a Russia-to-Europe gas pipeline.

At Dimitrov, Petrov & Co, Zoya Todorova is representing a group of electricity traders – Alpiq Energy, Danske Commodities and Axpo Services – in appealing the lawfulness of a one-month export ban on electricity from Bulgaria, imposed in January 2017, as a prerequisite for subsequent damages and compensation claims. Bogdan Petrov is another key practitioner.

Gugushev & Partners Law Office handles ongoing corporate, commercial, litigation and regulatory matters for domestic and international companies in the renewables and energy trading sectors. Stefan Gugushev, Petko Angelov and Elena Nenova are key individuals. Clients include Hareonsolar and Alpiq EcoPower.

Penkov, Markov & Partners’ team advises a mixture of up- and downstream energy companies on commercial matters, and has experience handling administrative proceedings before the energy regulator. Vladimir Penkov heads the team.

Schoenherr (in cooperation with Stoyanov & Tsekova) serves as local counsel, alongside Herbert Smith Freehills LLP, to ICGB on matters pertaining to the establishment of a €200m joint venture with Bulgarian Energy Holding and the implementation of a new gas interconnector. Stefana Tsekova and Alexandra Doytchinova jointly head the practice.

Arsov Natchev Ganeva’s Jivko Rokov is providing regulatory and real estate-related advice to ICGB regarding the construction of the gas interconnector. In the mining sector, the group assists Basalt with regulatory compliance with the Subsurface Resources Act. Svetlana Ganeva is a key name.

Atanassov & Ivanov Law Firm has handled major projects in the Bulgarian energy industry, and currently advises upstream energy companies on regulatory and compliance matters. Stoyan Atanassov and Iliyan Ivanov are the names to note.

Dinova Rusev & Partners represents ECE Projektmanagement in grid connection negotiations with ČEZ Group. The firm represented Kaliakra Wind Power in numerous appeals against the decisions of the state regulator. Iliya Grozdanov has significant experience in renewables and conventional energy. Konstantin Stambolov handles energy-related disputes.

Kinstellar’s team has ‘an amazing commercial approach’ and ‘very thorough knowledge’ of the energy sector. Mladen Minev is advising Unit Group on an internal reorganisation and the establishment of its natural gas trading operational structure in Bulgaria. Diana Dimova has assisted a number of corporates in the energy sector with finance facilities.

Tocheva & Mandazhieva Law Office advises Samsung C&T on several photovoltaic projects, including handling matters relating to initial development, construction and operation, as well as all corporate issues. The team also represented several clients in the renewable energy sector in administrative proceedings against EWRC decisions. Tanya Tocheva leads the practice.

Tsvetkova Bebov Komarevski advises a range of up- and downstream energy companies on regulatory matters, as well as handling transactional work in the oil and gas industry. Irina Tsvetkova leads the practice following the departure of Angel Bangachev to CMS.

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