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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 > Real estate and construction > Law firm and leading lawyer rankings


Index of tables

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  2. Hall of Fame
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Leading individuals

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Who Represents Who

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Andonov & Radinska Law Firm’s ‘international standard’ team handles significant commercial and residential development projects. The firm advised Galeria Varna on the preparation, negotiations and execution of its €110m mall construction project. It is also assisting Jysk with the construction and development of a major logistics centre. Diliana Radinska and Hristo Andonov are the main contacts.

Andrey Delchev and Partners - Eurolex Bulgaria is ‘a leading local firm’ for construction projects, where it regularly advises contractors and developers on all legal aspects of large-scale ventures. The firm advised Bridgecorp on its €210m acquisition of Landmark Property Management’s Bulgarian subsidiaries, and handled all aspects of Orchid Development’s €200m construction of Grand Mall Varna. Stoyan Barzakov leads the team.

Boyanov & Co’s team ‘excels’ in real estate, construction and infrastructure transactions, cross-border mandates and real estate-related contentious matters. ‘Highly experienced’ practice head Nickolay Nickolov is advising a major Balkan corporate on the multimillion-euro acquisition of a mall. Iva Miteva, who is ‘sharp and switched-on’, has broad experience in development projects and disputes.

CMS’ ‘proactive’ team is advising a Bulgarian investment group on a major land acquisition around Sofia for the development of a residential project. It also handled the acquisition of a mall for a European real estate investment fund. Darina Baltadjieva and ‘highly experienced’ senior associate Jenia Dimitrova jointly head the practice.

Dimitrov, Petrov & Co’s ‘excellent’ team handles some of the biggest construction and real estate deals and projects on the Bulgarian market. The practice is jointly headed by the ‘highly sophisticated and responsiveAlexander Todorov and Boyana Milcheva, who has ‘multifaceted expertise in real estate, finance and tax matters’. Highlights included advising the Bulgarian subsidiaries of Şişecam on all aspects of the construction of a manufacturing facility.

Djingov, Gouginski, Kyutchukov & Velichkov’s full-service practice is ‘exceptional in every aspect of its work’. Georgi Tzvetkov is advising Globe Trade Centre on the €62m sale of two malls to PKM Investments. Nikolai Gouginski assists Burgan Bank, as the arranger, with a syndicated facility to Garanti Koza for the construction of the Grand Canyon project in Sofia. Stephan Kyutchukov is advising Groupe Latécoère on plans to open a production plant in Plovdiv. Angel Ganev leads on several construction-related disputes.

Kambourov & Partners provides ‘high-level service’, which is ‘substantiated by thorough industry and legal knowledge’ and ‘ample technical capacity’. ‘Bright and dynamic’ practice head Atanas Shopov advised Monolit on the design and construction of two major manufacturing plants, and its project for the construction of a third Sofia metro line. Radosveta Kojuharova, who is ‘unquestionably a top lawyer’, is a key name for real estate transactions. Plamen Yotov is also recommended.

Deloitte Legal Law Firm has ‘a great team with vast knowledge and experience in the property sector’. It advises a Dutch multinational commercial property investor and developer on all acquisitions and developments in the Bulgarian market. The practice is led by Reneta Petkova. Kaloyan Yordanov is ‘a great real estate lawyer’.

Gugushev & Partners Law Office’s ‘excellent, punctual and professional’ team is led by Petko Angelov. It is advising Bulgaria Development Holdings on the construction and development of the BGN1.6bn Saint Sofia leisure park project.

Jordanov, Ignatov, Ivanov Law Firm has ‘in-depth knowledge of the construction industry’. Ivan Jordanov has ‘an unparalleled understanding of the Bulgarian real estate market’. The team advised Varna Logistics on the financing, construction and development of a €22m distribution warehouse.

Kinstellar’s team ‘comprises brilliant lawyers’. The firm advised GIC as local counsel on its €2.4bn acquisition of P3 Logistic Parks, which included Bulgarian assets. The firm also advises Bulgarian financial institutions on project finance lending. Antonia Mavrova is ‘a great negotiator’. Victor Constantinescu leads the practice.

Murgova & Partners Attorneys at Law has ‘a strong presence on the local legal market’. Highlights included advising Building Express on all legal aspects of a range of residential construction projects. Petya Murgova and Aleksandar Moskov jointly head the team. Alexander Stoimenovproves highly effective and confident on real estate matters’.

At the ‘outstandingSchoenherr (in cooperation with Stoyanov & Tsekova), Alexandra Doytchinova is the ‘mastermind behind a well-oiled team’. The firm advises international corporates on property transactions in Bulgaria. It is advising Sparkassen Immobilien, and its German shareholder, on the multimillion-euro sale of Serdika Mall and the adjoining offices.

Anna Rizova heads Wolf Theiss’ practice, which advises international lenders and borrowers on project financing matters for major Bulgarian real estate projects. It assisted ACC Corporation with the real estate aspects of the €120m refinancing of Business Park Sofia.

Arsov Natchev Ganeva advises Lidl on all construction and real estate matters in Bulgaria and assisted Volvo with all aspects of the construction of a distribution warehouse in Burgas. The firm also advises ICGB on the construction of the Greece-Bulgaria oil and gas pipeline. Marin Arsov and Stoil Hristov are the practice co-heads.

CasePro’s Alexander Andonov is singled out for his ‘excellent negotiation skills and quick wit’. Damyana Lazarova heads the practice, which advises domestic and international corporates on a range of commercial real estate transactions.

Danailova, Todorov & Partnerscompares to some of the largest Bulgarian law firms’. It advises construction companies on major infrastructure projects, including handling financing, regulations and development matters. Kaloyan Todorov and Maria Danailova jointly head the group.

Dinova Rusev & Partners’ team is ‘well prepared’ to deal with issues arising from real estate and construction mandates. Practice head Georgi Vladov advised Telerik on a major office lease transaction in Sofia. Iliya Grozdanov is experienced in administrative zoning procedures.

The ‘hardworking’ team at Dyulgerova & Penkova Law Firm is jointly headed by Lyubimka Dyulgerova and Victoria Penkova, who have ‘vast knowledge of the construction industry’. Highlights included advising Garanti Koza on land acquisitions and various corporate transactions regarding the Grand Canyon project in Sofia.

Georgiev, Todorov & Co’s ‘dedicated’ practice head Miglena Peneva advises the European Parliament on regulatory matters concerning an administrative complex in Sofia. The ‘creative’ Arno Mamasyan is noted for construction disputes.

Penkov, Markov & Partners’ full-service practice advises developers and property owners on all stages of construction projects and real estate transactions. Milena Gaidarska is the main contact.

Popov & Partners is advising MD Immobilien on various real estate investments, including the purchase of land and construction of a furniture store in Varna. The ‘reliable’ Sibina Eftenova is a key name.

Tocheva & Mandazhieva Law Office handles project finance, construction and development matters for CXG and Stad on various property deals. Practice head Tanya Tocheva provides ‘valuable support’. Encho Dinev is ‘always focused’.

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Legal Developments in Bulgaria for Real estate and construction

  • Collision of Rights in the Event of Restitution of Agricultural Land

    The process of restitution, although its functions gradually die away, still creates a certain insecurity regarding in the right of ownership of real estate, resulting from the possible collision between ownership rights stemming from restitution laws and ownership rights acquired as a result of a legal transaction or by prescription.
    - Penkov, Markov & Partners

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