Firm Profile > Schoenherr (in cooperation with Stoyanov & Tsekova) > Sofia, Bulgaria

Schoenherr (in cooperation with Stoyanov & Tsekova)
ALABIN 56
1000 SOFIA
Bulgaria

Banking, finance and capital markets Tier 1

A compact team led by Tsvetan Krumov at Schoenherr (in cooperation with Stoyanov & Tsekova) punches above its weight in this sphere, demonstrated by its work for United Group on its €1.5bn bond issue to finance the acquisition of BTC/Vivacom. A varied caseload conveys capability across a range of financial transactions and regulatory issues on behalf of both domestic and international banks and financial institutions. Associate Milena Gabrovska    is gaining high-quality exposure, assisting on the majority of key instructions such as Monroe Capital Investments' $250m financing to Marlin.

Practice head(s):

Tsvetan Krumov

Other key lawyers:

Milena Gabrovska

Testimonials

‘The team is very good. It was a challenging project.’

‘Tsvetan Krumov was very good in assisting in the delivery of the difficult risk financing product.’

‘Schoenherr’s team knowledge of the financial regulations and market is very extensive. Their excellent service has been moulded to our requirements and has inspired confidence and trust in our business relationship.’

‘Milena Gabrovska is a knowledgeable, innovative and skilled lawyer. When discussing new projects, Milena takes the time to really understand all the aspects of the transaction and, as a result, always identifies the most appropriate legal solution. ’

‘Great personalities, responisve and outstanding experience. They are very client oriented.’

‘The team is proactive, well organised, with a very good overall market knowledge and great experience.’

‘Proactivity, outstanding quick response time, patience, very good communication skills.’

 

Key clients

United Group

Monroe Capital Investments

BNP Paribas (Suisse)

Société Générale Group

VTB Capital Plc

UniCredit Bulbank, Bulgaria

European Investment Bank (EIB)

JP Morgan Securities

ING Bank (the Netherlands) and ING Bank N.V. (Bulgarian branch)

Bulgarian Development Bank

Citibank Europe (Bulgaria branch)

International Swaps and Derivatives Association

Ares Management Limited

OTP Bank, Hungary

Raiffeisen Bank International

Commercial, corporate and M&A Tier 1

A popular referral choice among international law firms requiring CEE advice,  Schoenherr (in cooperation with Stoyanov & Tsekova) often handles some of Bulgaria's largest transactions. Recently, the firm worked as local counsel to United Group in its landmark €1.2bn acquisition of Vivacom/Bulgarian Telecommunications Company. The work was led in Sofia by Ilko Stoyanov, who provides 'very wise advice'. The 13-strong team is also led by dual Bulgarian and Austrian qualified Alexandra Doytchinova, who is noted for her experience in the energy and real estate sectors.

Practice head(s):

Alexandra Doytchinova; Ilko Stoyanov

Other key lawyers:

Katerina Kaloyanova; Stela Pavlova

Testimonials

‘We instructed the Schoenherr Bulgaria team in a complex cross-border deal, involving various regulators and actors, in the banking and insurance sectors. They provided us with high-quality advice on this project, interfacing very well with the regulators, the local management, their local counterparts and our firm (which was acting as lead counsel). They understood very well the needs of our sophisticated and demanding client and enabled us to successfully close the deal within the contemplated timeline, despite numerous regulatory constraints and unexpected business issues.

‘Ilko Stoyanov did a great job in leading his team, in particular in his discussions with both the local regulators and our local counterparts and his very wise advice. We recommended him and his team for other assignments. Katerina Kaloyanova, associate M&A, did a terrific job on the project, interfacing with all the teams (local management, specialists, local counterparts, regulators, etc.) and providing around-the-clock services to answer our challenging client.’

‘The team is proactive, professional and well organised with good market knowledge and great experience.’

‘Good communication, proactivity, patience, outstanding quick response time.’

‘They are very responsive and act very quickly in accordance with the highest standards and requirements of clients.’

‘Ilko Stoyanov was my key contact and he was war-sensible to clients’ expectations and delivered accordingly. ’

‘The team provided practical support for a merger of two sites in Bulgaria. The merger was processed effectively to the deadline.’

‘The team supported the process well. They explained the processes and documentation required and were available for calls and responded to emails quickly and professionally.’

Key clients

United Group

Société Générale Group

OTP Bank Plc, Hungary

Enery Development

Schneider Electric

Poseidon

UniCredit Group

Smurfit Kappa Europe .

Leoni

Offerista Group

Globe Trade Centre (GTC) and Lone Star ECE and ECE

Energy and natural resources Tier 2

Schoenherr (in cooperation with Stoyanov & Tsekova) has a very comprehensive offering and advises across all sources of energy and utilities, from renewables and electricity to oil and gas, including providing corporate, project finance, real estate, concessions and regulatory advice. The team has recently advised on mulitple solar park acquisitions, including Bulgaria's largest, Karadzhalovo PV park, while 'professional' Stefana Tsekova is leading advice to the European Commission on gas wholesale markets across the EU. She co-leads the practice alongside experienced attorney Radoslav Chemshirov.

Practice head(s):

Stefana Tsekova; Radoslav Chemshirov

Other key lawyers:

Alexandra Doytchinova

Testimonials

‘A well composed, balanced team of interchangeable experts.’

‘Stefana Tsekova is a professional who adapts to any situation extremely quickly and responds with the best solution. Ilko Stoyanov is a quick, smart, professional with hands on any process.’

Key clients

Enery Development

European Commission

MET Group

OMV Bulgaria

Edison Italy

Danske Commodities

Woodside Energy

UniCredit Bulbank

Société Générale Expressbank

RWE

EU and competition Tier 2

Ilko Stoyanov at Schoenherr (in cooperation with Stoyanov & Tsekova) handles top-flight merger control matters, often with cross border implications via the firm's regional network. Recent highlights include successfully obtaining competition clearance on behalf of United Group following its landmark €1.2bn acquisition of Vivacom. The firm also handles a broad scope of antitrust claims, investigations and competition compliance. Co-head of the team Galina Petkova provides valuable support in key mandates. Robert Bosch and Smurfit Kappa Group are two new clients.

Practice head(s):

Ilko Stoyanov; Galina Petkova

Testimonials

‘The team acts as a business partner and strategist. They provide advice founded on deep knowledge of the business.’

‘Galina Petkova stands out: she is always proactive and always offering ideas and suggestions. Together with Ilko Stoyanov, they do a lot more than the assignment requires.’

Key clients

Robert Bosch

Dimitar Madjarov- 2

BSH Domakinskii uredi Bulgaria

Enery Development

United Group

UniCredit Group

OMV Petrom

Intersnack Bulgaria

NEPI Rockcastle

Medela

Smurfit Kappa Group

OMV Bulgaria

Healthcare and life sciences Tier 2

The cross-practice food and life sciences team at Schoenherr (in cooperation with Stoyanov & Tsekova) is led by attorney Elena Todorova, an emerging name in the food law space. Her practice also encompasses advice to pharma businesses, producers of medical devices and cosmetics, and marketers of chemicals and related products, among others. The firm ranks some leading names in the pharma and food sectors among its clients with a current highlight concerning the implementation of a pilot programme in Bulgaria.

Practice head(s):

Elena Todorova

Testimonials

‘I have worked with the colleagues from Schönherr for about six years now. The cooperation (legal exchange) is very efficient and pleasant. Elena Todorova was my main contact.’

Key clients

Dimitar Madjarov

OMV

Pharma Vision Europe

Amway

Taisho Pharmaceutical Co.

Intellectual property Tier 2

Schoenherr (in cooperation with Stoyanov & Tsekova) acts for a number of high-profile brands in contentious and non-contentious trade mark, design and copyright mandates. They include Robert Bosch, which the firm advised on a combined competition and trade mark infringement matter, and representing an automotive manufacturer in customs seizure and criminal proceedings against an importer of IP infringing automotive spare parts.  'Reliable and knowledgeable' Ventsislav Tomov   heads the practice and is assisted by associate Kristina Chakarova  , who joined from Tokushev And Partners Law Office.

Practice head(s):

Ventsislav Tomov

Other key lawyers:

Kristina Chakarova

Testimonials

Easy communication, transparent relationship between the law office and company, adequate proposals for business case solutions. The lawyers are acquainted in detail with the local and international regulation of copyright, judicial and administrative practice, as well as with the applicable procedures. Ventsislav Tomov and Kristina Chakarova are quick and provide a timely reaction and objective assessment of business cases.

Schoenherr’s IP team is reliable and knowledgeable. Our firms collaborate on IP matters and our common clients benefit from the value-added of our combined teams. One of the few practices on the Bulgarian legal market that can collaborate with other domestic law firms.

Ventsislav Tomov is reliable and knowledgeable, able to see a matter in a wider context, and is also personable.’

Key clients

Robert Bosch

SAP

DAT Group

Projects and PPP Tier 2

Schoenherr (in cooperation with Stoyanov & Tsekova) is active in infrastructure and public procurement on behalf of heavyweight public and private sector clients, such as the European Commission, OMV and car parts manufacturer Leoni. The firm is advising the latter on a new €32m production plant in Bulgaria, while procurement work includes representing transportation company Alstom in the public procurement for the maintenance of railcars for public needs. Advisers from across the firm comprise the team led by Stefana Tsekova and Alexandra Doytchinova.

Practice head(s):

Stefana Tsekova; Alexandra Doytchinova

Other key lawyers:

Radoslav Chemshirov; Dimitar Kairakov

Testimonials

‘They work professionally and diligently to get us the best possible outcome. Schoenherr (in cooperation with law firm Stoyanov and Tsekova) demonstrates a client-first attitude every time.’

‘Substantive knowledge and expertise, along with communication and responsiveness were key factors whilst working with Schoenherr’s team members. We valued most the excellent response time to questions via emails, patience, competence and thoroughness. We were very satisfied with the work of Dimitar Vlaevsky and Silvia Ribanchova. They were efficient, professional and personable, always ready to answer fully and eloquently all follow-up questions we had. We really appreciated the expertise, time and work put into our project.’

Key clients

Enery Development

European Commission

Edison

SAP LABS Bulgaria

Leoni

OMV Bulgaria

Alstom

UniCredit Bulbank

MET Group

Thales

Woodside Energy

Concordia Bulgaria

Real estate and construction Tier 2

Schoenherr (in cooperation with Stoyanov & Tsekova) is raising its profile in the real estate and construction arena, advising on some high-profile property acquistions, financings and developments, typically on behalf of strategic investors. Sophisticated corporate support work includes acting for Globe Trade Centre and Lone Star on the cross-border sale of Lone Star's stake in GTC, which owns a portfolio of 65 individual real estate properties, including office buildings, retail centres and projects under development. Senior lawyer Dimitar Vlaevsky is a full-time specialist and heads the practice.

Practice head(s):

Dimitar Vlaevsky

Other key lawyers:

Elena Todorova

Testimonials

‘Schoenherr (in cooperation with law firm Stoyanov and Tsekova) has provided excellent services and put their thorough knowledge of real estate and construction on full display. They are real professionals and made all legal matters a walk-in-the park for us, being a trusted partner of ours.’

‘Schoenherr lawyers were helpful and responsive to all our questions and concerns. We valued the good work ethic, the sound and comprehensive legal advice, all priced well. We can confidently say we enjoyed working with Dimitar Vlaevsky. He returned phones calls promptly and went above and beyond the call of duty, while showing knowledge and availablilty when needed. ’

‘I was looking for German-speaking Bulgarian lawyers with real-estate expertise. Elena Todorova and Gergana Roussinova from Schoenherr perfectly fitted this request.’

‘Very pragmatic and tailor-made solutions for clients. Fast reaction times. Recommend Elena Todorova.’

Key clients

Globe Trade Centre (GTC)

New Europe Property Investments (NEPI)

Revetas Capital

SAP LABS Bulgaria

Osram

Leoni

Mall Varna

OMV Bulgaria

Smurfit Kappa

Alfa Group

Concordia Bulgaria

TMT Tier 2

The team at Schoenherr (in cooperation with Stoyanov & Tsekova) bagged the deal of the year in representing United Group on the Bulgarian law aspects of its €1.2bn aquisition of Bulgaria's largest telecom, Bulgarian Telecommunications Company/Vivacom. Corporate and commercial partner Ilko Stoyanov led the Sofia advice, and co-heads the TMT practice alongside head of regulatory, Stefana Tsekova. The firm is well-versed in corporate transactions, financing, regulatory and IP matters, and dispute resolution in the TMT industry. Robert Bosch and Abbott Laboratories are both new clients.

Practice head(s):

Stefana Tsekova; Ilko Stoyanov

Other key lawyers:

Radoslav Chemshirov

Testimonials

‘Schoenherr’s team is very professional. They solve problems effectively with precisely to-the-point consultancy. I like their rather practical approach and the fact that they do not theorise their advice like the other firms.’

‘Stefana is very down to earth, practical and business oriented. Elena is experienced, efficient and effective. They both have brilliant problem solving techniques – quick, quiet, no stress or drama.’

Key clients

United Group

GTS TELECOM (part of Deutsche Telekom AG)

Robert Bosch

Abbott Laboratories

OSRAM

Leoni

Thales

Offerista Group

OMV Bulgaria

Amway

FedEx Express

Transport (including shipping) Tier 2

An expanding transport client base at Schoenherr (in cooperation with Stoyanov & Tsekova) includes some national air carriers, automotive manufacturers and logistics companies, as well as a range of businesses supplying products and services to the transport sector. The firm advised Alstrom on the public procurement for the maintenance of public railcars launched by the Bulgarian Railway Company. The multidisciplinary team is led by head of regulatory, Stefana Tsekova and includes regulatory associates  Radoslav Chemshirov and Dimitar Kairakov .

Practice head(s):

Stefana Tsekova

Other key lawyers:

Radoslav Chemshirov; Dimitar Kairakov

Testimonials

Schoenherr (in cooperation with law firm Stoyanov and Tsekova) proves its strong commercial focus, expertise and commitment to quality by understanding that the legal advice they provide is crucial to their clients’ business decisions.’

We valued the in-depth knowledge in dealing with international and local legal, regulatory and commercial ssues, delivered with comprehensive legal expertise and practical know-how focused on our specific needs.’

Key clients

Leoni

Robert Bosch

Renault

Alstom

Thales

OMV Bulgaria

Pro Danube International

Car-Data

BNP Paribas

Dexia Crédit Local

FMS Wertmanagement

KA Finanz

Türkiye Ihracatçilar Meclisi (TIM)

Uluslararasi Nakliyeciler Dernegi (UND)

Opened in 2004 the Schoenherr Sofia office is the international law firm with the longest history in Bulgaria and, accordingly, the most established track record. The team is composed of approximately 20 internationally trained lawyers, all experienced and focused on at least one of Schoenherr’s practice areas. Most of these lawyers have a strong working knowledge of English, German and Bulgarian. The team advises clients operating in various industries, including financial services, energy, manufacturing, real estate and constructions, retail, IT&C and technology, pharmaceuticals and healthcare.

In addition to the firm in Sofia, the Schoenherr – Attorneys at Law firm has offices in 13 other locations/countries in Central and Eastern Europe, as well as desks covering four further markets.

Department Name Email Telephone
Corporate, M&A Alexandra Doytchinova a.doytchinova@schoenherr.eu +35929331070
Corporate, M&A, Banking and Finance, Competition Ilko Stoyanov i.stoyanov@schoenherr.eu +35929331070
Regulatory, Energy, Employment Stefana Tsekova s.tsekova@schoenherr.eu +35929331070
Photo Name Position Profile
 Mariya Bakalova  photo Mariya Bakalova Attorney at law 
 Kristina Chakarova  photo Kristina Chakarova Associate
 Radoslav Chemshirov photo Radoslav Chemshirov Attorney at law
 Alexandra Doytchinova photo Alexandra Doytchinova Partner
 Milena Gabrovska  photo Milena Gabrovska Associate
 Dimitar Kairakov  photo Dimitar Kairakov Associate
 Katerina Kaloyanova photo Katerina Kaloyanova Attorney at law
 Tsvetan Krumov photo Tsvetan Krumov Attorney at law
 Stela Pavlova-Kaneva photo Stela Pavlova-Kaneva Attorney at law
 Galina Petkova photo Galina Petkova Associate
 Silvia Ribanchova  photo Silvia Ribanchova Attorney at law
 Gergana Roussinova  photo Gergana Roussinova Associate
 Ilko Stoyanov photo Ilko Stoyanov Partner
 Elena Todorova photo Elena Todorova Attorney at law
 Ventsislav Tomov  photo Ventsislav Tomov Attorney at law
 Stefana Tsekova photo Stefana Tsekova Partner
 Ivelina Vassileva  photo Ivelina Vassileva Attorney at law
 Dimitar Vlaevsky photo Dimitar Vlaevsky Attorney at law
English
German
Bulgarian

Schoenherr advises Sendinblue on acquisition of Metrilo

Schoenherr advised the leading French-based all-in-one digital marketing platform Sendinblue SAS on the acquisition of Metrilo OOD ("Metrilo"), a Bulgarian e-commerce metrics company, from its founders and several investors such as Speedinvest II International GmbH, LAUNCHub Fund Coöperatief U.A. and Eleven Capital AD. The advising team in Schoenherr's Bulgarian office advised on all major legal aspects of the transaction, including due diligence and negotiation of transaction documents.

Schoenherr advises Nice & Green S.A. on innovative convertible notes funding programme with Marinomed Biotech AG

Schoenherr advised Swiss investment firm Nice & Green S.A. on an innovative convertible notes funding programme (CNFP) with Vienna Stock Exchange listed Marinomed Biotech AG.

Schoenherr advises Joint Lead Managers on issue of EUR 250m covered bank bonds by Kommunalkredit Austria AG

Schoenherr advised the Joint Lead Managers on the successful issue of EUR 250m 0.01 % covered bank bonds due 2028 by Kommunalkredit Austria AG.

Schoenherr advises ZECH Bau Austria on acquisition of Implenia’s building construction business

Schoenherr advised ZECH Bau Austria GmbH, a German owner-managed construction company, on the acquisition of Implenia Baugesellschaft mbH's building construction business in Austria by virtue of an asset deal. The closing of the transaction is currently subject to merger control clearance.

Schoenherr advises P&I on the acquisition of 100 % of shares in VRZ

Schoenherr advised P&I Personal & Informatik GmbH on the acquisition of 100 % of the shares in VRZ Informatik Gesellschaft mbH (Dornbirn) and its sister company ThinkCreateAct AG (Switzerland). The transaction is currently subject to the condition precedent of regulatory clearance. With the acquisition of the VRZ Group, P&I AG is expanding its presence in Austria and Switzerland.

Schoenherr advises on top Bulgarian dental distributor transaction involving Abris Capital Partners

Schoenherr advised the owner and CEO of Dentatechnica EOOD, the largest distributor of dental equipment and consumables in Bulgaria, on a transaction with Dentotal (Romania), a subsidiary of Abris Capital Partners. Subject to competition authorities' approval, Dentatechnica will become part of Dentotal Group with the aim of creating a regional leader through organic growth and further consolidation of local markets in Romania and Bulgaria.

Schoenherr advises Wienerberger AG on the successful placement of 2.5 million treasury shares through accelerated bookbuilding

Schoenherr advised Vienna Stock Exchange listed Wienerberger AG, a leading international supplier of building materials and infrastructure solutions, on the EUR 81.25m placement of treasury shares with institutional investors.

Austria/CEE: Schoenherr advises UNIQA on the acquisition of AXA subsidiaries in CEE for EUR 1bln

Once again, Schoenherr has advised on a billion-euro transaction in the CEE region: An international Schoenherr team assisted UNIQA on the acquisition of AXA subsidiaries in the Czech Republic, Poland and Slovakia for a purchase price of around EUR 1bln.

Austria/CEE: Schoenherr further strengthens leadership with promotions

Schoenherr is strengthening the ranks of equity partner, contract partner and counsel with new promotions effective as of 1 February 2020. With Pawel Halwa and Thomas Kulnigg, Schoenherr promotes two longstanding Schoenherr experts to equity partners. Constantin Benes, Leon Kopecký, Günther Leissler, Laurenz Schwitzer, Manuela Zimmermann, Georgiana Bădescu, Mădălina Neagu and Miloš Laković are promoted to contract partners, and at counsel level, Dominik Hofmarcher and Clemens Rainer have moved up in the ranks.