Schoenherr > Sofia, Bulgaria > Firm Profile

Schoenherr
ALABIN 56
1000 SOFIA
Bulgaria

Bulgaria > Banking, finance and capital markets Tier 1

Schoenherr advises corporate clients and financial institutions on a wide range of matters, from project and acquisition finance to debt restructuring and refinancing, as well as financial transactions and regulatory issues. Tsvetan Krumov, who has experience in advising banks and other financial institutions on regulatory matters, leads the team and is supported by associate Milena Gabrovska. Ilko Stoyanov also plays a key role on major matters.

Practice head(s):

Other key lawyers:

Testimonials

‘Our joint cases are related to different forms of corporate financing, loans, syndicated facility arrangements, securities and related pledges, as well as questions about the tax and banking issues. Separately, we have also discussed specific cases regarding corporate transformations, restructuring and mergers and acquisitions. The term sheets and reports are submitted always on time and we have always satisfied by the value of their services.’

‘Ilko Stoyanov’s knowledge and experience are exceptional on the field of banking and financing law. He also has broad expertise in the regulatory legislation applicable to the credit institutions, investments and banks.’

Key clients

China Development Bank

Guggenheim Partners

Banca Intesa

Nomura International

Credit Suisse Securities Sociedad de Valores S.A.

Axpo Solutions

Balkan Advisory Company

Revetas Capital

United Group

Monroe Capital Investments

BNP PARIBAS (Suisse) S.A.

Société Générale Group

VTB Capital

UniCredit Bulbank, Bulgaria

European Investment Bank (EIB)

J.P. Morgan Securities

ING Bank N.V.

Bulgarian Development Bank

Citibank Europe

International Swaps and Derivatives Association

Ares Management Limited

OTP Bank

Raiffeisen Bank International

Work highlights

  • Advised United Group on the Bulgarian legal aspects of its €2.1bn notes issuances and on the structuring of the Bulgarian security package under the financing of the acquisition of BTC/Vivacom.
  • Advised Guggenheim Partners LLC on a $535m financing extended to a Bulgarian subsidiary of a global BPO company.
  • Advised Monroe Capital Investments on the Bulgarian legal aspects of a series of $500m financings.

Bulgaria > Commercial, corporate and M&A Tier 1

Schoenherr (in cooperation with Stoyanov & Tsekova) ‘combines legal expertise with business perception and excellent client care’ when advising on some of the largest transactions on the Bulgarian market. Dual Bulgarian and Austrian qualified practice co-leader Alexandra Doytchinova, who ‘stands out with huge practical experience’, led the team in advising MET Group on the acquisition of 42 MW wind park from Enel Green Power. Practice co-leader Ilko Stoyanov is noted for his ‘exceptional’ expertise ‘in the field of corporate transformations, restructuring and mergers and acquisitions’.

Testimonials

‘The law firm is well-placed to address urgent and complex corporate and M&A matters. Being one of the leaders on the market, Schoenherr combines great legal expertise with business perception and excellent client care. They offer very comprehensive and well-planned services.’

‘Ilko Stoyanov’s knowledge and experience are exceptional in the field of corporate transformations, restructuring and mergers and acquisitions. He also has broad expertise in the regulatory legislation applicable to the credit institutions, investments and banks.’

‘Schoenherr is an exceptional law firm to work with that achieves outstanding results for its clients.’

‘Recently, I worked with Ilko Stoyanov in a M&A deal and he represented the buyer. Ilko is very experienced, professional and cooperative. He is experienced negotiator and is constructive to close the deal to the benefit of both parties.’

‘The team is experienced and hardworking, with international know-how and practice.’

‘I have worked with Alexandra Doytchinova and Stela Pavlova-Kaneva, who both demonstrate great legal knowledge and commercial understanding. Alexandra stands out with huge practical experience and the ability to think one step ahead and, thus, help the client to best address all issues that might arise. Stela is exceptionally attentive, dedicated, with profound legal background and always reliable. I appreciate both their professionalism and ability to negotiate with multiple parties at short notice and even over the weekend.’

‘Schoenherr has an impressive M&A team: highly knowledgeable, very responsive, proactive and able to handle difficult negotiations in a professional and calm manner. Both Alexandra Doytchinova and Stela Pavlova-Kaneva rank among the top M&A lawyers in the country. They always provided us with tailored solution-oriented advice which took into consideration the specifics of the business and our priorities. Alexandra is really good at making strategic judgment calls, her wide-ranging experience allows her to see the big-picture and advise on the best course of action even in complex situations. Stela is our go-to-lawyer: besides being incredibly smart and legally skilled, she’s always available, client-oriented and a pleasure to work with.’

‘Alexandra Doytchinova is a great professional, always finding clever solutions for each and every issue.’

Key clients

Ringier

Bulgarian Telecommunications Company

SendinBlue

United Group

Osram

Société Générale Group

OTP Bank

Enery Development

Schneider Electric

MET Group

Poseidon S.A

Smurfit Kappa Europe BV

Leoni AG

Offerista Group

Work highlights

  • Advised United Group on the acquisition of several telecommunications companies, including Net1, Digital Cable Television (N3) and NetworX Bulgaria.
  • Advised Ringier on the acquisition of Sportal Media Group and Digital Ventures.
  • Advised MET Group on the acquisition of a 60 MW operational wind park located in Suvorovo, Bulgaria.

Bulgaria > Energy and natural resources Tier 1

Schoenherr handles a range of energy-related mandates across the oil and gas and electricity sectors, including transactional, competition, regulatory and project financing matters, among others. The team is noted for its capability in renewable energy projects, such as advising MET Group on the acquisition of 42 MW wind park from Enel Green Power. Stefana Tsekova is ‘well positioned among major energy lawyers on the local market’ and leads the practice alongside Radoslav Chemshirov, who is praised as a ‘true expert in his field’.

Practice head(s):

Stefana Tsekova; Radoslav Chemshirov

Other key lawyers:

Testimonials

‘Schoenherr is a one-stop-shop for all law related matters that might arise in the energy sector, from the regulatory framework, project initiation, execution and operation to relationships with partners, counterparties, state bodies and dispute settlement, if necessary, of course. Any big law firm is capable of handling our legal needs. But what makes Schoenherr different is their client focus, flexibility and practical advice – this is not often found with its competitors.’

‘Schoenherr’s energy team is outstanding. Radoslav Chemshirov is a true expert in his field, a committed, persuasive and incredibly effective lawyer. And last but not least, he’s a great person to deal with.’

‘Schoenherr is regarded as one of the leading energy law firms in Bulgaria. They are focused and practical, they don’t waste your time but get straight to the key point. They are our first choice and we trust them.’

‘I have most impressions from Stefana Tsekova and Radoslav Chemshirov. They’re both an example of what a really good legal advisor should be; quick, responsive and providing well-reasoned advice. Stefana is very well positioned among major energy lawyers on the local market. She demonstrates great industry knowledge and practical experience, while Radoslav thinks of legal questions from the client’s point of view and thus saves us time and resources. They’re both one of very few energy regulatory lawyers whose advice I trust.’

‘Extremely easy to work with and cooperate. Great availability and responsiveness.’

Key clients

Liechtenstein Group

Petrom S.A.

Enery Development

European Commission

MET Group

OMV Bulgaria

Edison

Danske Commodities

Woodside Energy

Moncada Energy

RWE

Work highlights

  • Advised Enery Development on the multimillion acquisition of Karadzhalovo PV park, with installed nominal capacity of 50MW and installed peak capacity of 60.4MWp.
  • Advising MET Group on the acquisition of a 60 MW operational wind park located in Suvorovo.
  • Advised Liechtenstein Group on its investment in PV-Invest, a renewable energy company active in Austria and southern and south-eastern Europe.

Bulgaria > EU and competition Tier 2

Schoenherr is noted for its expertise in cross-border merger control mandates; the team successfully advised United Group on obtaining merger control approvals following its acquisition of Bulgarian operators Net1, ComNet Sofia, Digital Cable Television and Networx-Bulgaria. The team also handles competition compliance, anti-competitive agreements and antitrust proceedings. Corporate and M&A partner Ilko Stoyanov jointly leads practice alongside Galina Petkova, who is praised for her ‘exceptional’ experience ‘in the field of compliance, antitrust and unfair competition’.

Practice head(s):

Ilko Stoyanov; Galina Petkova

Testimonials

‘My main point of contact is Galina Petkova. She is a very good lawyer who combines knowledge and long-term practical experience in compliance matters. She has the ability to explain complex competition issues to non-legal experts.’

‘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 emphasize that the answers to the legal questions were provided by the law office in due time. Responses were accurate and always provided in close cooperation with in-house lawyers of the company.’

‘We can mention Galina Petkova because her knowledge and experience are exceptional in the field of competition, antitrust and unfair competition local and EU legislation. Her advice is always practical and effective.’

‘The team is very responsive, reliable, with a deep understanding and provides a professional advice.’

Key clients

Ringier

MET Renewables Holding

Policolor SA

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

Robert Bosch

OMV Bulgaria

Work highlights

  • Advised United Group on obtaining merger control approvals by the competition authorities of Bulgaria, Serbia, North Macedonia and Montenegro in light of its acquisition of the Bulgarian operators Net1, ComNet Sofia, Digital Cable Television and Networx-Bulgaria.
  • Advised Ringier on the multi-jurisdictional merger control assessment with respect to the acquisition of Sportal.bg.
  • Advising MET Group on obtaining merger control approvals by the competition authorities of Bulgaria and Serbia on the acquisition of Enel Green Power S.p.A.

Bulgaria > Healthcare and life sciences Tier 2

Attorney Elena Todorova leads the cross-practice healthcare and life sciences team at Schoenherr and is praised for her ‘business-oriented capability to provide efficient legal advice in a timely manner’. The practice is well-placed to handle a range of matters, as demonstrated by advising food producer Dimitar Madzharov on creating an innovative meat products brand, as well as matters of unfair competition and consumer protection issues. Todorova also acts for pharmaceutical companies, producers and distributors of medicinal products and medical devices, among others.

Practice head(s):

Elena Todorova

Testimonials

‘Elena Todorova is very knowledgeable in food law. She is responsive and provides practical advice.’

‘Extremely professional and well-versed in all aspects of healthcare and life sciences, which is rare to find on the Bulgarian market.’

‘Great team that possesses all the necessary expertise to deliver accurate and timely legal advice and anticipate the client’s needs and issues.’

‘Elena Todorova has solid knowledge of the food law sector and a business oriented capability to provide efficient legal advice in a timely manner.’

‘Very professional law firm with excellent knowledge of complex food law issues and constantly updated lawyers, who are active participants in several food law-related unions and scientific communities.’

Key clients

Dimitar Madjarov

OMV

Pharma Vision Europe

Amway

Taisho Pharmaceutical Co.

Dr. Oetker

RED Bull

Work highlights

  • Advising Dimitar Madzharov on the creation of an innovative meat products brand, food law, matters of unfair competition and consumer protection law on a regular basis.
  • Advised Amway on their market entry into Bulgaria and the subsequent regulatory, e-commerce and legal compliance matters.
  • Advising OMV on consumer protection and food law-related issues.

Bulgaria > Intellectual property Tier 2

The ‘small but very focused and experienced team’ at Schoenherr handles a range of contentious and non-contentious matters, including trademarks, copyrights and design, as well as the IP aspects of corporate and commercial transactions. ‘Knowledgeable’ practice leader and senior attorney Ventsislav Tomov has 16 years’ experience in this space and advises clients on the protection and enforcement of their IP rights, among other matters. Associate Kristina Bozhinova is another key member of the team.

Practice head(s):

Ventsislav Tomov

Other key lawyers:

Testimonials

‘Small but very focused and experienced team.’

‘Ventsislav Tomov is our key contact. On all occasions, he has been accessible and is knowledgeable.’

Key clients

Subway International B.V.

Heta Asset Resolution Bulgaria

Dimitar Madzharov-2

Power Horse Energy Drinks

Robert Bosch

SAP

OMV Group

Power Horse Energy Drinks

Gallup International Association

DAT Group

Work highlights

  • Advising Subway in a franchising trademark dispute.
  • Advised and represented a leading automotive manufacturer in customs seizure and criminal proceedings against an importer of IPR infringing automotive spare parts.
  • Advising Dimitar Madjarov-2 on the creation of an innovative meat products brand and matters of IP.

Bulgaria > Projects and PPP Tier 2

The interdisciplinary team at Schoenherr (in cooperation with Stoyanov & Tsekova) has experience of acting for public and private sector clients on major energy, infrastructure and industrial projects, as well as public procurements. Stefana Tsekova heads the practice group and is experienced in handling energy projects, including advising Alstom on an open €65m railcars maintenance tender procedure announced by the Bulgarian Railway Company. Office managing partner and M&A specialist Alexandra Doytchinova is another key contact in the team.

Practice head(s):

Stefana Tsekova; Alexandra Doytchinova

Other key lawyers:

Dimitar Kairakov

Testimonials

‘Promptness, professionalism, extensive experience and easy to approach.’

‘Stefana Tsekova is a brilliant, experienced lawyer with a good and quick understanding of the case.’

‘Extremely easy to work and cooperate with. Great availability and responsiveness.’

Key clients

China Development Bank

Liechtenstein Group

Petrom S.A.

Enery Development

European Commission

Edison

SAP LABS Bulgaria

Leoni

OMV Bulgaria

Alstom SA

UniCredit Bulbank

MET Group

Thales

Woodside Energy

Concordia Bulgaria

Work highlights

  • Advised Enery Development on the acquisition of Karadzhalovo PV park, with installed nominal capacity of 50MW and installed peak capacity of 60.4MWp.
  • Advised MET Group on the acquisition of 42 MW wind park from Enel Green Power.
  • Advised China Development Bank with respect to €330m loan agreements to support projects in Bulgaria under the Belt and Road Initiative.

Bulgaria > Real estate and construction Tier 2

Schoenherr handles a broad range of real estate and construction mandates, including the acquisition, disposal, development and financing of commercial properties. The interdisciplinary team notably acts for strategic investors entering the Bulgarian market and is advising manufacturing company Leoni on the lease and construction of a production factory. Senior lawyer and practice leader Dimitar Vlaevsky specialises in real estate, construction and infrastructure developments, while office managing partner Alexandra Doytchinova provides corporate support and attorney at law Elena Todorova is a key member of the team.

Practice head(s):

Dimitar Vlaevsky

Testimonials

‘Great all-round team with legal experts possessing extensive and in-depth experience and knowledge.’

‘Alexandra Doytchinova – Senior adviser with a sharp and quick mind, highly recommendable. Elena Todorova – Provides excellent, hands-on advice even in complex situations.’

‘Ability to successfully resolve complex issues and projects on extremely short notice. Legal advice that can turn the tables for their clients.’

Key clients

Revetas Capital

Enery Development

MET Group

New Europe Property Investments

Revetas Capital

SAP LABS Bulgaria

Osram

Leoni

Mall Varna

OMV Bulgaria

Smurfit Kappa

Alfa Group

Concordia Bulgaria

Work highlights

  • Advised Leoni on its entry into the Bulgarian market and the construction and lease of a production factory in Bulgaria.
  • Advising OMV Bulgaria in connection with its operation, storage, and geographical expansion on a day-to-day basis
  • Advising Mall Varna on its day-to-day management and operation, including on relations with lessees, drafting and negotiating lease agreements, future development of the site.

Bulgaria > TMT Tier 2

Commended for its ‘international know-how‘, Schoenherr (in cooperation with Stoyanov & Tsekova)’s ‘well-established TMT team’ has a track record in noteworthy transactions which continues to grow, as evidenced by its recent advice to United Group on the acquisition of several leading telecoms companies, including Net1, Digital Cable Television (N3) and NetworX Bulgaria. The practice is also active in matters concerning the provision of electronic services and e-commerce, as well as data protection issues. ‘Experienced negotiatorIlko Stoyanov, who specialises in corporate mandates and M&A deals arising out of the telecoms sector, leads the team alongside head of regulatory Stefana Tsekova. Radoslav Chemshirov left the firm in November 2021.

Practice head(s):

Stefana Tsekova; Ilko Stoyanov

Testimonials

‘The team is very responsive and quickly follows up on topics and inquiries. The span of expertise offered is very broad, and the level of knowledge is deep. The team readily shares experience accumulated from recent cases and knows the latest developments and changes in legislation. Whenever in a grey zone, the team offers a solid pro/con analysis, with pragmatic recommendations.’

‘Recently, I worked with Ilko Stoyanov in an M&A deal, and he represented the buyer. Ilko is very experienced, professional and cooperative. He is an experienced negotiator and is constructive to close the deal to the benefit of both parties.’

‘Schoenherr has a well-established TMT team to support country-specific nuances of regulatory work. They are very good in complex transactions as well, as they understand the customer’s business and add value.’

‘The team is experienced and hardworking, with international know-how and practice.’

Key clients

Bulgarian Telecommunications Company (Vivacom)

Ringier

Guggenheim Partners

United Group

SendinBlue

GTS TELECOM (part of Deutsche Telekom)

Robert Bosch

OSRAM

Leoni

Thales

Offerista Group

OMV Bulgaria

Amway

Work highlights

  • Advised United Group on the acquisition of several telecoms companies (Net1, Digital Cable Television (N3), and NetworX Bulgaria).
  • Advised Ringier on the acquisition of Sportal Media Group and an affiliated IT company behind the leading international Sports Content Management System – Digital Ventures.
  • Advised the French-based SaaS solutions provider SendinBlue on the acquisition of Metrilo.

Bulgaria > Transport (including shipping) Tier 2

Schoenherr (in cooperation with Stoyanov & Tsekova) leverages the expertise of other practice groups across the firm to advise clients in the transport and logistics sectors on matters involving M&A, construction, project financing and regulatory issues, as well as litigation mandates. Head of regulatory Stefana Tsekova acts for clients in the Balkan region and Eastern Europe on a range of transport-related matters, and is supported by associates Radoslav Chemshirov and Dimitar Kairakov, who are key members of the firm’s regulatory group.

Practice head(s):

Testimonials

‘Brilliant lawyers, fast to understand and react to client needs.’

‘Schoenherr has been doing a fantastic job. All the lawyers are solution-oriented, highly knowledgeable and very responsive. They really understand our business and corporate goals and demonstrate excellent ability to professionally address every issue arising from our activities.’

‘Experience, promptness and high-quality service.’

‘We work with most of the lawyers in the firm. They are expeditious and competent.’

Key clients

China Development Bank

Siemens

Flixbus

HERE Technologies

VA Intertrading AG

DIF CIF 1 Rail Transport 2 B.V.

Leoni AG

Renault

Alstom SA

Thales

OMV Bulgaria

Car-Data Ltd.

BNP Paribas

Work highlights

  • Advised China Development Bank with respect to a €330m loan agreements to support projects in Bulgaria under the Belt and Road Initiative.
  • Advising OMV Bulgaria OOD on the renewal of its port licence and port operator’s permit for Port Vidin.
  • Advised DIF CIF 1 Rail Transport 2 B.V. on international private law questions regarding the sale and transfer of (and the creation of securities in relation to) rail cars manufactured and registered in Bulgaria.

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.

DepartmentNameEmailTelephone
Corporate, M&A Alexandra Doytchinovaa.doytchinova@schoenherr.eu+35929331070
Corporate, M&A, Banking and Finance, Competition Ilko Stoyanovi.stoyanov@schoenherr.eu+35929331070
Regulatory, Energy, Employment Stefana Tsekovas.tsekova@schoenherr.eu+35929331070
English
German
Bulgarian

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Schoenherr Romania advised Aquila Part Prod Com on the successful completion of an initial public offering ("IPO") for the sale of some 66.6m new shares, for a total price of approx. EUR 74m.

Schoenherr to strengthen leadership across Austria and CEE by appointing new equity and contract partners

Schoenherr will substantially strengthen its leadership by appointing new equity and contract partners across Austria and CEE effective 1 February 2022.

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.