Dimitrov, Petrov & Co > Sofia, Bulgaria > Firm Profile
Dimitrov, Petrov & Co Offices
28 TODOR ALEXANDROV BLVD
Dimitrov, Petrov & Co > The Legal 500 RankingsDimitrov, Petrov & Co focuses on regulatory litigation across various industries, such as the telecoms, energy, banking and pharma sectors, also handling complex commercial litigation and arbitration. ‘Brilliant strategist’ Metodi Baykushev leads the team, while Alexander Todorov represents clients in real estate and construction litigation and arbitration cases. Newly promoted partners Pencho Stanchev and Donka Stoyanova are key members of the practice, alongside senior associate and ‘diligent young litigator’ Tsvetelina Georgieva.
‘Tsvetelina Georgieva is a very calm, dedicated and diligent young litigator who is going to go far.’
‘I would like to praise Pencho Stanchev for his strong client focus and tireless efforts in navigating us through the dark waters of Bulgarian law. I would also like to mention Tsvetelina Georgieva for her professional support and clear management-friendly summaries even on very complex issues.’
‘The lawyers we have worked with tried everything possible to settle disputes without resorting to court trials. They engaged in conversations and negotiations with the other party, which had a good result. Communication was very straight-forward, and the individuals really work as a team.’
‘Metodi Baykushev is an exceptional lawyer and partner – fast, sharp thinker, brilliant strategist and fun to work with. Donka Stoyanova is very talented and hard-working, always available, a first-class advisor and litigator. Tsvetelina Georgieva is a younger but very promising member of the team, whose contribution has proven to be really valuable.’
‘We would like to greatly commend Alexander Todorov’s skills and work ethics. He has been dealing with our disputes in a very professional way and guided us through every difficulty as well as possible. The other partner we worked with, Pencho Stanchev, also showed very high professional skills and was always available for us when, during the long-lasting dispute, there were critical moments.’
Van Ameyde International
Alpiq Energy SE
United Bulgarian Bank
Fribin SATN 1269 R.L
Tradenet Sofia and Tarnovopharma
- Representing Alpiq Energy SE in the insolvency proceedings initiated against a Bulgarian electricity retailer.
- Advising Van Ameyde International in connection with the collection of receivables amounting to over €1m from a local insurance company.
- Representing Ekarisaj-Varna in 13 lawsuits against the Bulgarian Food Safety Agency for payments due under public procurement contracts for animal carcass disposal in the amount of €2m.
Other key lawyers:
‘We have been working mainly with the competition experts Donka Stoyanova and Zoya Todorova. We are beyond satisfied with their approach and how professionally they are working. We are pleased with their attitude and prompt work. We feel secure with them handling our legal matters. They go into great detail and view the matters from many different aspects.’
‘I would recommend the team to any potential clients as they are top competition experts and they have impressive in-depth knowledge of telecom sector problems. We are very pleased with their services and how good their team is at what they do and the dedication and attention they present their clients with.’
‘When it comes to competition, we call Donka Stoyanova. She knows the law back to front and is also very deep into the local regulator’s and courts’ practice on competition cases. She has represented us more than once and we know that with her, our competition matters are in good hands.’
‘We have mainly worked with Donka Stoyanova, who has been helping us with competition matters. She has been very helpful with explaining our options and has represented us successful in court. We can recommend her skills and communication.’
Branch Association of Bulgarian Telecommunication Operators
Pfizer Luxemburg, Bulgaria Branch
- Advising Google on compliance with competition rules and mostly with local specifics and practices in this legal area of all new launches of campaigns, competitions, games, and other commercial practices.
- Consulting Telenor Bulgaria on various matters, both contentious and ongoing competition assessments and advice.
- Providing day-to-day legal advice to Pfizer on versatile matters arising within the activity of the company in Bulgaria.
Other key lawyers:
Zoya Todorova; Asya Vladimirova; Encho Simeonov; Martin Zahariev
‘I would recommend Bilyana Angelova for her in-depth knowledge of the regulatory framework and strength in IP matters.’
Pfizer Luxemburg, Bulgaria Branch
Johnson & Johnson Bulgaria/Janssen-Cilag International
Eli Lilly (Suisse)
Upjohn Export B.V.
Specialized Pediatric Hospital for Active Treatment
Zonapharm and Zona Pharma
PMA – Pharma Marketing Advisors
Second Hospital of Obstetrics and Gynaecology Sheinovo
- Providing complex and day-to-day support to the Bulgarian subsidiary of Pfizer Luxembourg.
- Providing regular advice on a variety of matters to Johnson & Johnson Bulgaria.
- Successfully defended Progen in a dispute over the application of personal data protection rules in processing genetic data.
Other key lawyers:
‘Asya Vladimirova is the star of the team and together with Bilyana Angelova, they are a great tandem.’
‘The team has great expertise in various IP matters, including complex trademark prosecution matters. When it comes to any IP related questions, I feel very comfortable with DPC. All lawyers are extremely professional, open and friendly and it is a real pleasure to work with them.’
‘I have worked with Bilyana Angelova and Asya Vladimirova. Both have been excellent in their knowledge and responsiveness.’
‘Very professional team, we receive answers from more and more new people, the quality of the advice is constantly high.’
The Walt Disney Company
Soul Machines Limited
Zona Pharma & Zonapharm
PhoneArena & Titan Gate
Al-Furat for Tobacco and Cigarettes Industry Co.
- Assisting Novomatic in trademark opposition and cancellation proceedings.
- Providing legal support to the Bulgarian subsidiary of The Walt Disney Company on contentious and non-contentious IP matters.
- Assisting mobile.de with regard to the protection of the trademark on the territory of Bulgaria.
Boyana Milcheva; Alexander Todorov
Other key lawyers:
Pavlina Ivanova; Nikolay Kolev
‘We have worked most with Boyana Milcheva. She is a world-class construction lawyer with an excellent understanding of the technical side of the process. I think Pavlina Ivanova has also grown into a top-end construction lawyer.’
‘They have immense real estate and construction experience and know what needs to be done in any situation.’
‘They often come up with bright ideas and don’t spare efforts and time to put them into practice.’
‘Boyana Milcheva is our main contact. We have excellent cooperation and she is very competent and reliable. I also like Pavlina Ivanova’s manner of work – very organised and client-oriented.’
‘Boyana Milcheva is a top-notch real estate and construction lawyer. She knows the legislation and industry specifics by heart. Pavlina Ivanova is another real estate expert whose advice is highly valued by us.’
‘I am genuinely impressed with how devoted and hard-working the team is. They do their best to provide clients with the best solutions to their problems and have always been trustworthy and supportive. The team of the firm are highly knowledgeable, and they have proven able to handle huge volumes of urgent work. They have tremendous experience and excellent market knowledge and handle every situation professionally.’
‘Boyana Milcheva possesses the analytical skills required to unravel a situation. She remains focused and professional, yet amicable when dealing with most serious tasks.’
‘Pavlina Ivanova is unsurpassed when researching a land plot. She is always available for advice. She is responsive and provides accurate opinions on the spot.’
BCEGI Holdings (UK) Limited
Elta 90 M
Excelion Development Group
AK Properties and VI Real Estate
- Advised BCEGI Holdings (UK) Limited on the due diligence of a large land plot for construction of a logistics base and legal advice regarding the construction agreements.
- Providing legal assistance to Elta 90 M in the acquisition of a new office building including due diligence of the property, zoning, and acquisition and escrow documentation, as well as the tax planning of the transaction.
- Advising BB29 RE on the development of a multifunctional building in Sofia.
Bulgaria > TMT Tier 1Dimitrov, Petrov & Co ‘has excellent credentials and a market reputation in the TMT sector’, where the team combines ‘diversified multidisciplinary expertise’ to act for its roster of clients, including Google, The Walt Disney Company and Telenor. The team’s workload includes high-profile M&A transactions, as well as corporate and regulatory matters, among others. The team is collectively led by ‘top practitioners’, including founding partner and IT expert George Dimitrov, TMT and finance specialist Hristo Nihrizov, and Desislava Krusteva, who focuses on matters arising out of the technology sector.
George Dimitrov; Hristo Nihrizov; Desislava Krusteva
Other key lawyers:
‘The firm has excellent credentials and a market reputation in the TMT sector. They demonstrate thorough regulatory knowledge.’
‘Our key contacts at the law firm are Hristo Nihrizov and Nikola Stoychev. Hristo is very focused and dedicated to what he does and Nikola is diligent, expedient, and accurate. Besides being brilliant professionals, they are both very responsive and work perfectly in a tandem.’
‘Extremely high and large-scale level of knowledge in the field of data protection and electronic technologies. Strict professional consultation on a complete problem with a look at every important detail.’
‘Assoc. Prof. Dr. George Dimitrov, Hristo Nihrizov and Desislava Krusteva are definitely the team members who are recognised as top practitioners in the TMT sector, both nationally and worldwide. We are happy to have worked with them for so many years. The trust we have built and the easiness to rely on their professional advice is priceless and going far beyond the client-attorney relation. All of them are hard-working and fit in the greatest sense in my idea of an innovative business lawyer.’
‘The practice is unique with its specialised knowledge in TMT. They are not only great lawyers with an exceptional level of legal service, but also know extremely well the telecoms sector and all technical specifics and regulations. It is rare to see lawyers with such high level of practical technology understanding and that’s what distinguishes DPC.’
‘I am very pleased with my work with Desislava Krasteva, who is the basis of all consultations. She has a high level of knowledge, professional behaviour’.
‘Hristo Nihrizov, Desislava Krusteva and Nikola Stoychev are a stellar team, led by George Dimitrov. Each one of them deserves to be recognized and included as a leading TMT professional in Bulgaria for their proven expertise and quality legal advice.’
‘What is most impressive about the team is their enthusiasm for each project they dive into and their utmost care for the interests of the client. They are real professionals, and they are able to bring together an efficient team of experts for every task in order to analyse it from many different angles. They are not afraid to try new approaches for its solution. Business-oriented, straight-to-the point, speaking client’s language – for me these are some of the most important positive sides of the team.’
The Walt Disney Company Bulgaria
PPF Telecom Group & Telenor
Exclusive Networks SAS
Svilen Maximov, sole shareholder of Networx-Bulgaria
Branch Association of Bulgarian Telecommunication Operators (BABTO)
Law and Internet Foundation
- Acting as exclusive legal counsel of Google for Bulgaria providing services with specific focus on media content, privacy and data protection and other TMT law matters, competition law and regulatory issues on a day-to-day basis.
- Acted as the local counsel of Exclusive Networks SAS as the buyer in a cross-border transaction involving one of the largest IT distributors in Central and Eastern Europe.
- Advised the sole shareholder on the sale of one of the leading regional cable TV and Internet service providers to the incumbent telecoms provider.
‘Hristo Nihrizov has a strong record in managing financial projects and is highly committed to delivering the best possible results for the client. He has tremendous amount of experience, and is one of the best attorneys I have worked with. It is always a pleasure working with Pencho Stanchev. He never fails to amaze, respects the deadlines and holds up to the highest standards of the profession. Alexander Todorov is another accomplished attorney, very professional when it comes to any client and project. He knows how to focus not only on the legal aspect but also on the general business aspect.’
‘The team provided us and our client with an excellent level of service throughout. They were always accessible and quick to respond and their advice was practical and user friendly.’
‘The banking and finance practice of Dimitrov, Petrov & Co., just like the rest of their practices, provides services of the highest quality. They have advised us on various finance matters and their advice has always paid off by saving us a lot of costs, time and efforts. They are also very good at negotiating with banks.’
‘We mainly work with Hristo Nihrizov and Pencho Stanchev. They both have intricate understanding of the banking business and profound knowledge of its sensitivities.’
‘DPC is a very responsive and flexible law firm, with a broad range of experience. Every lawyer on their team possesses a high level of commitment. Their team has international experience, a very business-oriented approach and always provides valuable advice.’
‘The banking and finance team of DPC proved to be exceptionally productive and precise. What we appreciate most is their practical approach which adds value to the pure legal work.’
United Bulgarian Bank
VM Petroleum/Tradenet Varna
Excelion Development Group
Turnovopharma 1 and Dobrichfarma
- Representing United Bulgarian Bank before the court of appeal against an account holder suing the bank for reimbursement of an unauthorised payment transaction.
- Advised PPF Telecom Group on the restructuring of the collaterals triggered by a complex intra-group restructuring.
- Advising VM Petroleum on facility agreements with two Bulgarian banks in the amount of €13.5m.
‘They are a genuine dream team of excellent experts with diverse strengths and capabilities, forming a perfect group. They have absolutely fabulous corporate and M&A experts, including those who know various industries.’
‘Boyana Milcheva is our main contact and we have excellent cooperation. She is very competent and reliable.’
Pfizer Luxembourg Sàrl
- Advised Exclusive Networks on the acquisition of Veracomp.
- Advised the seller of Networx-Bulgaria on the acquisition of the latter by BTC.
- Advising the Czech IT solution provider and integrator Modralog s.r.o. on the establishment of its business in Bulgaria.
Bulgaria > Projects and PPP Tier 2Dimitrov, Petrov & Co acts for domestic and international companies across the energy, TMT and real estate sectors on concessions, projects and public procurement tenders, as well as large-scale acquisition financings. ‘Legal giant’ and litigator Metodi Baykushev jointly leads the practice alongside Boyana Milcheva, who is noted for her expertise in real estate and construction projects, while senior associates Pencho Stanchev and Donka Stoyanova are key members of the team. Notable client gains include IT distributor Exclusive Networks SAS, Elta 90 M and Bulad Dent.
Boyana Milcheva; Metodi Baykushev
‘Dimitrov, Petrov & Co has a carefully selected team of legal experts and they keep investing in the lawyers’ professional development.’
‘Metodi Baykushev and Boyana Milcheva are both outstanding legal advisors and managers. Pencho Stanchev has been doing a great job too. His competence was of great help to our largest project.’
‘They have experts with diverse backgrounds which is very useful, as they can advise on projects from virtually all industries, from conceiving to their successful implementation. They are not afraid to do things that haven’t been done before. They communicate very well with public authorities.’
‘Metodi Baykushev is a legal giant. I am short of words to describe all he has done for us. I think he also has a great team behind him. Boyana Milcheva is a brilliant lawyer, especially when it comes to real estate.’
Exclusive Networks SAS
Elta 90 M
Association of Foreign Language Educational Centres
Mareshki Real Estates
- Advised Exclusive Networks SAS on the acquisition of Veracomp.
- Advised Networx-Bulgaria on the sale of the company to BTC.
- Providing full legal assistance in the acquisition of new office building by Elta 90 M.
Other key lawyers:
Tsvetelina Georgieva; Pencho Stanchev
‘The team is very well structured, there are high-quality lawyers with diverse knowledge, background, and qualifications at every level. They are up to date with all European and local regulations and are very proactive in alerting us to anything we need to know. They have a very good international contact network which we have found very useful on several occasions.’
‘Donka Stoyanova and Tsvetelina Georgieva have been extremely helpful. Pencho Stanchev has also stepped in lately and demonstrates impressive knowledge.’
‘Works at the highest standard, able to manage transactions efficiently and highly specialised.’
Mega Trucking Bulgaria
Mareshki pharmacy chain
- Advised Alex 96 with regard to the acquisition of a Gulfstream G150 business jet.
- Representing Most 81 in a dispute with a well-known trader of passenger cars, vans and trucks.
Bogdan Petrov; Pencho Stanchev
Other key lawyers:
‘Whenever we have a legal issue in the area of energy and natural resources, we call Pencho Stanchev. He is always up to date with the latest legal developments and provides high-quality strategic advice. He answers our questions quickly and to the point, and he has the talent and patience to explain everything in simple words.’
‘I find their open approach and efficiency really useful in getting things done in a satisfactory and timely manner.’
‘Apart from their high qualifications, all Dimitrov, Petrov & Co’s lawyers I have worked with share a strong passion for what they do. It feels like helping us is not just a job but more of a cause for them. I could only guess how much time and effort it costs them to find the right answers and they always do. One of their main strengths is that they have very well-prepared experts in virtually all areas a business may need legal assistance in.’
- Representing Alpiq Energy in the insolvency proceedings of a Bulgarian electricity trader.
- Representing Tradenet Varna in an administrative lawsuit based on allegations by competitors.
- Advising Alpiq Energia on structuring its long-term power purchase agreements with RES producers.
Dimitrov, Petrov & Co > Firm Profile
The firm: Dimitrov, Petrov & Co. is a pre-eminent full-range business law firm globally recognised for its in-depth knowledge and expertise in the key areas of business law – corporate, banking and securities, information and communication technologies, privacy and data protection, intellectual property, telecommunications, competition, pharmaceutical, real estate, construction, taxation, energy, public procurement, litigation, employment and social security. The firm was established in 1997 and has offices in Sofia and Varna. Currently, it has more than 50 staff members and is represented by eight highly respected and skilled partners who provide effective and innovative best-in-class legal solutions.
The team: Dimitrov, Petrov & Co offers more than solid legal advice, it offers partnership to share its clients’ vision. Its associates are committed, flexible, creative and globally minded lawyers who protect and assert their clients’ rights while guiding them through the legal process. Driven by the core mission to always provide the best legal advice, the firm’s lawyers constantly strive to gain extra knowledge and know-how and thus to remain innovative thinkers and contemporary legislation architects.
Alongside their strong practical experience, the team’s experts are widely recognised academic scholars in premiere universities, having been awarded the highest academic titles. They have trained attorneys-at-law, judges, prosecutors, investigators, in-house lawyers and state officials in the legal aspects of the implementation of the legislation in various law areas. They are authors of numerous publications and books and speakers at international conferences and business events.
The firm’s lawyers play a key role in numerous projects assigned and partnered by Bulgarian government institutions and the highly authoritative international institutions: World Bank, NATO, European Bank for Reconstruction and Development, European Investment Bank, Interpol, The European Commission, The Canadian Agency for International Development, USAID, etc.
Global reach: Dimitrov, Petrov & Co. maintains constant partner relations and professional co-operation on a case-by-case basis with a number of leading international law firms, including but not limited to Baker McKenzie, Bird & Bird, Hogan Lovells, Time.lex, Reed Smith, Hunton & Williams LLP, White & Case LLP, Fieldfisher, Lydian LLP, etc. The law firm is a member of the American Chamber of Commerce in Bulgaria (AmCham), the Bulgarian-Swiss Chamber of Commerce, the German-Bulgarian Chamber of Commerce and Industry, and the Italian Chamber of Commerce – key driving forces for the development of a competitive business environment in the Bulgarian market. The law firm is also a member of the International Trademark Association, the European Communities Trade Mark Association, the International Association for the Protection of Intellectual Property (AIPPI), Transatlantic Law International (TALI), etc.
Since 2005 Dimitrov, Petrov & Co. has been a member of Meritas™, a global alliance of over 7,000 lawyers serving in 170+ full-service law firms across more than 70 countries. Through Meritas, clients seeking legal services can easily connect with pre-qualified legal expertise worldwide. Meritas firms are also required to participate in ongoing recertification and client satisfaction evaluations.
In September 2017 Dimitrov, Petrov & Co. joined the South East Legal Alliance (SELA) – a regional network of independent law firms advising clients on their operations across South East Europe. The alliance members are among the top firms in their jurisdictions, providing the full range of legal and business services to local and international clients. SELA members work in close co-operation to offer clients a high-quality streamlined service in the countries of South East Europe provided by unified teams of lawyers with strong expertise in each of the jurisdictions in the region and cross-border transactional and advisory experience.
|Corporate and commercial/M&A||Zoya Todorova|
|Banking and securities||Hristo Nihrizov|
|Project finance||Alexander Todorov|
|IT and communications/advertising and media||George Dimitrov|
|Privacy and data protection||Desislava Krusteva|
|Real estate||Alexander Todorov|
|Competition and antitrust||Zoya Todorova|
|Employment and social securities||Zoya Todorova|
|Dispute resolution||Metodi Baykushev|
|Intellectual property and life sciences||Bilyana Angelova|
|Energy and utilities||Bogdan Petrov|
Staff FiguresNumber of lawyers : 28 at this office : 26
LanguagesBulgarian English French German Italian Russian Spanish
MembershipsIBA Meritas SELA
OtherOther offices : Varna
CLIENT: Stanyo Stanev
COMPANY/FIRM: VM Petroleum
TESTIMONIAL: Being our legal advisors for more than 10 years, the lawyers of DPC have been supporting our oil and gas retail and wholesale business exposed to daily challenges and severe competition. The legal advice we have received in the grand corporate restructuring project, on financing, commercial, competition and tax issues, has always been timely, reliable, innovative. What we appreciate is the lawyers dedication and efficiency, the way they add value to our corporation. With a team of highly competent experts in all areas, DPC take care of our business to remain compliant to the dynamically evolving regulatory requirements and to conquer new market niches.
CLIENT: D-r Nikolay Georgiev
COMPANY/FIRM: Medical Centre for Plastic Surgery D-r Nikolai Georgiev
TESTIMONIAL: Dimitrov, Petrov & Co. have lawyers very knowledgeable in medical malpractice matters. They represented our clinic in a complex two-instance court procedure and achieved success that was extremely important for our reputation. I remained impressed by their professionalism and creativity in building the winning strategy but also by the accuracy and transparency of the legal service.
CLIENT: Konstantin Bezuhanov
COMPANY/FIRM: Evrotrust Technologies AD
TESTIMONIAL: As CEO of a start-up company that seeks to impose an innovative product on the market, I highly value the legal advice given by DPCs experts. Without their unique expertise in the FinTech sector our project would not be given green light. Subsequently, they helped us with corporate restructuring what ensured additional funding and paved the way to the companys growth. This is indeed a full-service law firm on which I rely for this and other corporate projects.
CLIENT: Teodora Petrova
COMPANY/FIRM: Fox Networks Group Bulgaria
TESTIMONIAL: The lawyers of DPC have been supporting the in-house team of the Bulgarian subsidiary of 21st Century Fox for several years. We rely on their competent advice on versatile legal matters from general corporate, commercial and employment issues to compliance and data privacy matters. They have outstanding lawyers in all areas but what the IP team make for us is quite impressive. They take care of our copyright day-to-day protection and achieve ground-breaking court decisions. I personally respect the precise work, client focused approach and the strong service standards of the law firm.
- Dispute resolution
- EU and competition
- Healthcare and life sciences
- Intellectual property
- Real estate and construction
Top Tier Firm Rankings
- Banking, finance and capital markets
- Commercial, corporate and M&A
- Projects and PPP
- Transport (including shipping)