Firm Profile > Andrey Delchev and Partners - Eurolex Bulgaria > Sofia, Bulgaria

Andrey Delchev and Partners - Eurolex Bulgaria
6 NIKOLAY V. GOGOL STREET
1124 SOFIA
Bulgaria

Real estate and construction Tier 1

Andrey Delchev and Partners - Eurolex Bulgaria’s core focus lies in advising major construction firms on large-scale property developments and infrastructural projects. Having participated, on behalf of the government, on structuring tendering processes for motorway and railway construction, the team is well placed to advise consortia on the bidding process, as well as provide broader advice on contractual arrangements, subcontractor relations, and payment arrangements. The team, led by Stoyan Barzakov, also provide advice on real estate acquisition, financing, and the development of residential and commercial projects.

Practice head(s):

Stoyan Barzakov

Key clients

Manchester Airport Group

“European Railways” Consortium

Uni Hospital OOD

Trace Sofia

Nova City Group EOOD

Consortium Tech Park

Transport (including shipping) Tier 1

Andrey Delchev and Partners - Eurolex Bulgaria’s transport practice chiefly acts on behalf of the government, advising municipalities and ministries on port operations, railway and metro refurbishment and extension, and road infrastructure projects. The team is jointly lead by the ‘first-class’ Stoyan Barzakov and Magdalena Valova, who has extensive experience in drafting PPP arrangements and structuring public tender processes. Outside of government work, it assisted in Manchester Airport Group’s bid for the €3.9bn concession to operate Sofia Airport, and the European Railways consortium on the performance of its contractual obligations as the winning bidder of a tender to construct a section of railway.

Practice head(s):

Stoyan Barzakov; Magdalena Valova

Testimonials

‘A first class team that has an in-depth knowledge of transportation in Bulgaria and the Balkan Region.’

‘Market-leading in the aviation sector with an unparalleled knowledge of the legal and regulatory environment of the transportation sector.’

Key clients

Consortium “European Railways”

Executive Agency Port Infrastructure

Metropolitan JSC

Ministry of Transport

Ministry of Transport, IT and Communications

Municipality of Pernik

Municipality of Plovdiv

Municipality of Ruse

Municipality of Veliko Tarnovo

Sofia Municipality

Trace Sofia JSC

Manchester Airport Group

Banking, finance and capital markets Tier 2

The team at Andrey Delchev and Partners - Eurolex Bulgaria advises lenders and borrowers on project financing, with a key focus on financing related to bids for public tenders, having acted for one of the bidders on the Sofia Airport concession. Its insurance practice is also strong: the firm assisted the Bulgarian Development Bank with introducing the concept of subrogation into Bulgarian legal practice, and acted for Eurohold Bulgaria on a €10m bond issue. The ‘exceptional’ Stoyan Barzakov  heads the practice.

Practice head(s):

Stoyan Barzakov

Testimonials

‘They balance the requirements of a technical legal solution with a commercial approach and ensuring that clients are fully briefed.’

‘Stoyan Barzakov enabled us to navigate many of the complexities of working in Bulgaria and provided clear and commercial legal advice.’

Key clients

American University in Bulgaria

Bulgarian Development Bank

Eurohold

Manchester Airport Group

National Trust Ecofund (NTEF)

Nova City Group

World Bank

Commercial, corporate and M&A Tier 2

The corporate, commercial and M&A practice at Andrey Delchev and Partners - Eurolex Bulgaria is focused on providing regulatory advice to domestic and international companies operating in a range of sectors including telecoms, real estate, construction, defence, and natural resources. Practice head Andrey Delchev has extensive experience of commercial law and contracts, and has significant legislative experience. Magdalena Valova advises companies on concession procedures and public tenders. The firm counts Communicorp and Allianz Group among its clients.

Practice head(s):

Andrey Delchev

Key clients

Communicorp Group

DK Energy Bulgaria EAD

Allianz Group

F&B Analyses JSC

Asarel – Medet

Trace Hold Group AD

Hydrolia AD

Kintex

Dispute resolution Tier 2

Andrey Delchev and Partners - Eurolex Bulgaria’s disputes resolution team has experience acting for clients in matters relating to competition, public procurements, and regulatory and administrative disputes. The firm acts for private entities against regulatory agencies, as well as on behalf of municipal and governmental bodies. Another key strength of the firm is arbitration, with practice head Andrey Delchev also serving as an arbitrator in the International Court of Arbitration at the International Chamber of Commerce, Paris, and the Bulgarian Chamber of Commerce and Industry. Severina Liubenova, known for her ‘outstanding litigating skills’, chiefly advises on competition and abuse of dominance proceedings. The firm has acted for Allianz, the American University in Bulgaria, and Lukoil Bulgaria JSC.

Practice head(s):

Andrey Delchev

Testimonials

‘The Law firm delivers timely, exhaustive and competent legal advice discussed from different perspectives and observing the highest standards in the area which makes this practice unique.’

‘The firm has skilfully and diligently represented us in numerous court proceedings relating to a wide range of corporate and regulatory matters.’

‘All partners and associates we have relied upon have excelled at both consulting and litigating.’

‘Andrey Delchev’s long-term strategic thinking, genuine engagement with our goals and unmatched leadership skills set him apart from any other lawyer we have ever encountered.’

Key clients

Allianz insurance group

American University in Bulgaria

Lukoil Bulgaria JSC

Treger Limited

Ministry of Regional Development and Public Works

Road Infrastructure Agency

Sirma Solutions JSC

Sofia Municipality

Trace Hold Group

Energy and natural resources Tier 2

Andrey Delchev and Partners - Eurolex Bulgaria’s energy and natural resources practice provides ongoing consultancy services to clients in the sector regarding regulatory compliance, contracts, and disputes. Practice head Andrey Delchev is well equipped to provide such advice, having participated in the drafting of energy legislation for seven successive governments. The firm assisted the Bulgarian Petroleum and Gas Association with drafting a new regulatory framework for the trade of oil and oil products, which came into force in January 2019. In addition to its consultancy work, the firm also advises on the financing, construction and tendering process for power projects, with DK Energy Bulgaria (a subsidiary of EDF) and Nomac Solar among its clients. Senior associate Valery Petkov is another key member of the team.

Practice head(s):

Andrey Delchev

Key clients

Asarel – Medet

Bulgarian Mining Chamber

Bulgarian Petroleum and Gas Association

CEZ Group, Czech Republic

DK Energy Bulgaria EAD

European Bank of Reconstruction & Development (EBRD)

Government of Belarus

International Arbitration Court at Bulgarian Chamber of Commerce and Industry

Lukoil Bulgaria AD

Lukoil Bulgaria EOOD

Lukoil Neftohim Bourgas AD

Ministry of Environment & Waters

Ministry of Regional Development and Public Works (MRDPW)

National Trust Ecofund

Sofia Municipality

State Energy and Water Regulation Commission

Treger Ltd

World Bank

EU and competition Tier 2

The EU and competition practice at Andrey Delchev and Partners - Eurolex Bulgaria has a successful track record representing clients facing allegations of abuse of market position, price fixing, prohibited vertical agreements, and cartel and collusion activity, as well as bringing those proceedings against utility operators and nationalised companies for claimants. The team also has experience working for the state, having defended municipalities against allegations of misuse of EU funds. The ‘pro-active’ and ‘resourceful’ Severina Liubenova leads the practice, which has been bolstered by the arrival of the ‘extremely knowledgeable’ Boriana Chotekova, former head of the antitrust unit of the CPC.

Practice head(s):

Severina Liubenova

Testimonials

‘Unparalleled legal expertise in all matters relating to the regulatory requirements.’

‘We highly appreciate the professionalism and devotion of the law firm of Andrey Delchev & Partners and its employees towards their work.’

Key clients

CEZ Group Bulgaria

National Trust Ecofund

Allianz insurance group

Ministry of Regional Development and Public Works

Communicorp

Orbelus Organic Winery

Pravets Municipality

Gotse Delchev Municipality

Projects and PPP Tier 2

Andrey Delchev and Partners - Eurolex Bulgaria has considerable expertise in the regulatory regimes governing public procurement procedures and concession and tendering processes. The firm also has  undertaken work for the Bulgarian Council of Ministers to review and amend the current legislation governing this area. The firm assists municipalities and administrative bodies, but also acts for construction, energy, and sanitation companies on their participation in bidding procedures. Andrey Delchev leads the team, with Magdalena Valova offering experience in drafting tender documentation for clients in the construction and transport industries.

Practice head(s):

Andrey Delchev

Testimonials

‘A first class PPP team that has a great knowledge and understanding of the PPP sector and the transportation sector in Bulgaria. ‘

 

Key clients

Consortium “European Railways”

Council of Ministers

DK Energy Bulgaria EAD

Ministry of Environment and Waters

Ministry of Regional Development and Public Works

Ministry of Transport, IT and Communications

Municipality of Plovdiv

Municipality of Ruse

Municipality of Veliko Tarnovo

Sofia Municipality

Trace Group Hold

World Bank

Manchester Airport Group

TMT Tier 3

Andrey Delchev and Partners - Eurolex Bulgaria is particularly active in issues relating to radio broadcasting. The firm represents the Communicorp radio group, which operates many of the most popular stations in Bulgaria. The team advises on bidding and registration for broadcast licences, advertising rules and restrictions, competition matters, and general commercial activity. Severina Liubenova, practice head, is the senior legal adviser to the Association of Bulgarian Broadcasters and is an expert in competition law. The firm has also assisted with drafting and amending Bulgaria’s Radio and Television Act. Outside of broadcasting, the firm has assisted software and IT companies with entry into the Bulgarian market.

Practice head(s):

Severina Liubenova

Key clients

Communicorp Group

Softline

City Tech

Gedeon Richter

NET FM

Andrey Delchev & Partners – Eurolex Bulgaria is one of the leading law firms in Bulgaria. The company was established in 1997 and ever since provides legal services to a wide spectrum of private and public entities. In 2012 Andrey Delchev & Partners – Eurolex Bulgaria became a member of Interlaw, a global network of law firms represented in more than 125 cities worldwide.
The overall activity of the company is managed by Mr. Andrey Delchev. The partners in the firm have significant experience as former government officials and external legal consultants thereafter. They have participated in the drafting of a significant part of the contemporary Bulgarian legislation. They are steadily considered by peers and observers to be among the most prominent legal experts in the country. The partners are heading one or more specialized units (e.g. energy and environment, corporate, TMT, etc).
Andrey Delchev & Partners – Eurolex Bulgaria has a successful long-term cooperation with international financial institutions, ministruies, governmental authorities and municipalities. Public bodies regularly seek assistance from the company on issues related to law drafting, EU law, regulatory regimes, PPPs, public procurements concession.

BANKING, FINANCE AND CAPITAL MARKETS: Andrey Delchev and Partners – Eurolex Bulgaria is specialized in financing for large-scale infrastructure projects (metro, railways, highways) as well as developing innovative financing structures for funding of environmentally sustainable energy projects. The company has completed successful projects with some of the leading domestic and international financial institutions, such as the National Trust EcoFund, Bulgarian Bank of Development, EBRD and the World Bank.

COMMERCIAL, CORPORATE AND M&A: The corporate, commercial and M&A practice at Andrey Delchev and Partners – Eurolex Bulgaria is focused on providing regulatory advice to domestic and international companies operating in a range of sectors including telecoms, real estate, construction, defence, energy and natural resources. The department has represented international and national private clients in all corporate issues from M&A and restructuring, joint ventures and the negotiation and drafting of complex commercial agreements to corporate governance matters.

DISPUTE RESOLUTION: Andrey Delchev and Partners – Eurolex Bulgaria’s disputes resolution team has experience acting for clients in matters relating to competition, public procurements, and regulatory and administrative disputes. The firm acts for private entities against regulatory agencies, as well as on behalf of municipal and governmental bodies. The department has also experience with international arbitration cases, recognition of an arbitral awards issued by foreign jurisdictions and other complex litigation matters.

ENERGY AND NATURAL RESOURCES: Andrey Delchev and Partners – Eurolex Bulgaria’s energy and natural resources practice provides ongoing consultancy services to clients in the sector regarding regulatory compliance, contracts, and disputes. The department is renowned for its public sector consultancy practice and its ability to assist ministries and governmental agencies in drafting important pieces of legislation transposing EU energy, environmental and climate change law.

EU AND COMPETITION: The EU and competition practice at Andrey Delchev and Partners – Eurolex Bulgaria has a successful track record representing clients facing allegations of abuse of market position, price fixing, prohibited vertical agreements, and cartel and collusion activity, unfair competition, as well as bringing those proceedings against utility operators and nationalised companies for claimants. The team also has experience working for the state, having defended municipalities against allegations of misuse of EU funds and advising ministries on EU state aid rules.

PROJECTS AND PPPS: Andrey Delchev and Partners – Eurolex Bulgaria has considerable expertise in the regulatory regimes governing public procurement procedures and concession and tendering processes. The department has a particular expertise in representing clients in the public sector working as advisor to most of the public sector entities in Bulgaria (ministries, state agencies, municipalities, financial institutions). The company has been involved in the implementation of numerous projects financed by the World Bank, the European Bank for Reconstruction and Development, the Japan Bank for International Cooperation, European Investment Bank, USAID and CIDA.

REAL ESTATE AND CONSTRUCTION: Andrey Delchev and Partners – Eurolex Bulgaria’s core focus lies in advising major construction firms on large-scale property developments and infrastructural projects. Having participated, on behalf of the government and public undertaking, on structuring tendering processes for metro, motorway and railway construction, the team is well placed to advise consortia on the bidding process, as well as provide broader advice on contractual arrangements, subcontractor relations, and payment arrangements. The department has also advised some of the largest real estate deals and some of the largest retail mall developments in Bulgaria.

TMT: Andrey Delchev and Partners – Eurolex Bulgaria is particularly active in issues relating to radio broadcasting. The company has advised not only the Bulgarian Association of Bulgarian Broadcasters but also the largest group of radio stations in Bulgaria (Fresh Media Group, previously part of Communicorp Group). The team advises on bidding and registration for broadcast licences, advertising rules and restrictions, competition matters, and general commercial activity. With clients active in the pharmaceutical, tourism and foodstuffs industry the department has also developed a very strong expertise in advertising law. Outside of broadcasting, the firm has assisted software and IT companies with entry into the Bulgarian market.

TRANSPORT (INCLUDING SHIPPING): Andrey Delchev and Partners – Eurolex Bulgaria’s transport practice chiefly acts on behalf of the government, advising municipalities and ministries on port operations, railway and metro refurbishment and extension, and road infrastructure projects. The team has extensive experience in drafting PPP arrangements and structuring public tender processes. The company is also heavily involved in regulatory issues related to inland shipping in Bulgaria.

 

Department Name Email Telephone
Managing Partner, Head of Energy Andrey Delchev a.delchev@eurolex.bg +35924019173
Partner,Head of Corporate Magdalena Valova m.valova@eurolex.bg +35924019176
Partner, Head of TMT Severina Liubenova s.liubenova@eurolex.bg +35924019175
Partner, Head of Real Estate Stoyan Barzakov s.barzakov@eurolex.bg +35924019174
Photo Name Position Profile
 Stoyan Barzakov photo Stoyan Barzakov
 Andrey Delchev photo Andrey Delchev
 Severina Liubenova photo Severina Liubenova
 Magdalena Valova photo Magdalena Valova
Partners : 4
Senior Associates : 5
Associates : 12
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