Andrey Delchev and Partners - Eurolex Bulgaria > Sofia, Bulgaria > Firm Profile
Andrey Delchev and Partners - Eurolex Bulgaria Offices
6 NIKOLAY V. GOGOL STREET
1124 SOFIA
Bulgaria
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Andrey Delchev and Partners - Eurolex Bulgaria > The Legal 500 Rankings
Bulgaria > Transport (including shipping) Tier 1
Andrey Delchev and Partners - Eurolex Bulgaria‘s transport practice is most notable for its work in the inland shipping sector in Bulgaria, but continues to advise on transport design projects across the board, including air transport, metro extensions, national road and motorway extensions, and redevelopments of railways. Governmental and public entities and construction and infrastructure companies are among the clients the team regularly assists with advice on concessions, tendering processes and the full suite of issues relating to infrastructure design projects. Infrastructure regulations specialist Stoyan Barzakov and Magdalena Valova, who is well versed in concessions and natural resources law, jointly lead the team.Practice head(s):
Stoyan Barzakov; Magdalena Valova
Key clients
Trace Group Hold
Lukoil Group Bulgaria
Ministry of Regional Development and Public Works
Work highlights
- Advising Trace Group Hold regarding a wide variety of infrastructure projects and related matters such as motorway construction projects.
- Advising the Lukoil Group in Bulgaria in relation to a high-profile national investigation regarding an alleged abuse of dominant position on the market in the form of refusal to grant access to strategic infrastructure that is essential for the storage and transport of fuels.
Bulgaria > Dispute resolution Tier 2
Andrey Delchev and Partners - Eurolex Bulgaria stands out for its extensive experience in regulatory disputes, that often include complex and high value litigation cases, and public tender procedures and agreements. The firm frequently assists governmental bodies, municipalities as well as privately owned companies. Practice head Andrey Delchev
is an arbitrator in the International Court of Arbitration and is an expert in bankruptcy proceedings, administrative law and commercial law. Leading the practice alongside Delchev is Magdalena Valova who has considerable experience in PPPs in addition to broader litigation. Ivaylo Katov joined the firm in 2023 and bolsters the team's administrative and civil litigation advisory offering. Practice head(s):
Andrey Delchev; Magdalena Valova
Other key lawyers:
Testimonials
‘What we find unmatched about the team is the combination of outstanding litigation skills and the expertise demonstrated in so many diverse fields – real estate issues, state property, privatization procedures, the regulatory requirements for the provision of waste water and sanitation and electricity services.’
‘I have been working with Magdalena Valova for many years now and have always found her to be extremely competent and talented, and unfailingly well-prepared and professional. My overall impression of the team is entirely positive.’
Key clients
Lukoil Group Bulgaria
Bulgarian Development Bank
Trace Group Hold S.A
Asarel Medet Group
Softline
Treger Limited
Metropoliten JSC
Energy and Water Regulation Commission
Asso Home
Work highlights
- Advises the Lukoil Group in Bulgaria in two set of high-profile national proceedings regarding alleged abuses of dominant position on the market in the form of refusal to grant access to essential infrastructure and margin squeeze.
- Represents the national energy regulator – the Energy and Water Regulatory Commission – in a dispute against the National Electric Company EAD.
- Successfully represented Bulvest Print in a dispute concerning the failure for payment by one of its counterparties under contracts concluded for the preparation of printing products, obtaining an out-of-court settlement for our client.
Bulgaria > Energy and natural resources Tier 2
Andrey Delchev and Partners - Eurolex Bulgaria has a niche focus on public sector consultancy, where ministries, state agencies and public bodies turn to the firm for assistance on the drafting of energy legislation and implementing EU law. The firm also counts national and foreign private investors in its client roster and advises on a variety of energy projects. Founder and managing partner Andrey Delchev leads this practice alongside Magdalena Valova who has extensive experience of international projects. Vesselin Sharov who joined the firm in February 2023 has a focus on both banking and finance and energy.
Practice head(s):
Andrey Delchev; Magdalena Valova
Other key lawyers:
Testimonials
‘Since 2019, Andrey Delchev and Partners – Eurolex Bulgaria has continuously been providing to us expert legal advice, including court representation, on a particularly complex legal matter. We came to value greatly their reliability, responsiveness, and resourcefulness throughout their work on the matter. What we find special about the firm is their considerable and wide-raging experience in the energy and natural resources sectors. We also greatly value the expertise demonstrated by their lawyers in so many distinct and specific legal fields: real estate issues, state property, privatization procedures, the regulatory requirements for the provision of wastewater and sanitation and electricity services, contractual disputes, etc.’
‘I have found Magdalena Valova to be extremely competent, talented, well-prepared, and professional. Her expert advice has been instrumental for a number of successful deals we have entered into throughout the years.’
‘My overall impression of the team is entirely positive.’
Key clients
Assarel-Medet JSC
Lukoil
Bulgarian Petroleum and Gas Association
Electrohold Bulgaria EAD
Energy and Water Regulation Commission
National Trust EcoFund
Arrowbio
Ormat
Hydrolia AD
Work highlights
- Advises the Lukoil Group in Bulgaria in two set of high-profile national investigations regarding alleged abuses of dominant position on the market in the form of refusal to grant access to essential infrastructure and margin squeeze.
- Represents the national energy regulator – the Energy and Water Regulatory Commission – in a dispute against the National Electric Company EAD (NEK EAD). The dispute relates to the first ever decision of the regulator sanctioning market manipulation in the Bulgarian wholesale energy market.
- Advised the Bulgarian Petroleum and Gas Association on the applicable legal rules for fuel export and assisted the client in drafting proposals for amendment and supplementation of the applicable EU energy legal framework.
Bulgaria > EU and competition Tier 2
Andrey Delchev and Partners - Eurolex Bulgaria advises on matters of antitrust, prohibited agreements, abuse of dominant market position, price fixing as well as competition matters related to public tenders and procurement. The team is well known for its work with governmental bodies and clients across the energy and fuels sectors. The team is led by Severina Liubenova, who works closely with media companies on advertising related competition issues, while Boriana Chotekova bolsters the team with her extensive experience in antitrust law. Founding partner Andrey Delchev is also active in the competition practice.
Practice head(s):
Severina Liubenova; Boriana Chotekova
Other key lawyers:
Testimonials
‘Andrey Delchev and Partners – Eurolex Bulgaria delivers timely, exhaustive and competent legal advice discussed from different perspectives and observing the highest standards in this area. The Law firm reacts very quickly to legal changes. Persistence when defending us in court is very impressive.’
‘Andrey Delchev is a very experienced professional in the area of energy and competition projects. Boriana Chotekova has significant experience in procedural representation before the Commission on Protection of Competition of the Republic of Bulgaria.’
Key clients
Lukoil
Electrohold Bulgaria EAD/ CEZ Group
National Trust EcoFund
Fresh Media Group/ Communicorp
Gedeon Richter
The Bulgarian Petroleum and Gas Association
The Ministry of Regional Development and Public Works
The Bulgarian Energy and Water Regulatory Commission
‘Treger’ Limited
Work highlights
- Advises the Lukoil Group in Bulgaria in two set of high-profile national investigations regarding alleged abuses of dominant position on the market.
- Represents the national energy regulator – the Energy and Water Regulatory Commission – in a dispute against the National Electric Company EAD.
- Advises Fresh Media Group on competition and regulatory issues related to broadcasting of radio programs in Bulgaria.
Bulgaria > Projects and PPP Tier 2
Andrey Delchev and Partners - Eurolex Bulgaria is best known for its work with public bodies and the projects and PPP team is no exception, handling the implementation of large infrastructure projects and their financing, most notably in the transportation sector. Renewable and sustainable energy projects and advising on legislative amendments also make up a significant part of the practice group's portfolio. Founding partner Andrey Delchev leads the team alongside Magdalena Valova, who is a leading practitioner in concessions law.
Practice head(s):
Andrey Delchev; Magdalena Valova
Key clients
Ministry of Regional Development and Public Works
Geodesy, Cartography and Cadastre Agency
National Trust EcoFund
Public Enterprise Vodovod & Kanalizacija Skopje
Energy and Water Regulation Commission
Bulgarian Association of Dental Technicians
Yambol municipality
Trace Group Hold
Assarel Medet
Arrowbio
Ormat
Work highlights
- Advised the Geodesy, Cartography and Cadastre Agency on a project for the creation of a new national register of addresses and the development of new legislation and the amendment of existing normative acts.
- Assisted the Ministry of Regional Development and Public Works regarding the preparation of a proposal for legislative amendments and a technical assignment for the development of a property management system, including a new unified register of all state and municipal property in Bulgaria.
- Advised the Ministry of Regional Development and Public Works on whether public procurements procedures have been carried out in compliance with the applicable legal requirements under the “Regions in Growth” 2014-2020 operational programme.
Bulgaria > Real estate and construction Tier 2
Andrey Delchev and Partners - Eurolex Bulgaria stands out for its work with governmental departments and public bodies on major transport infrastructure projects in Bulgaria. The team is also engaged by private companies and investors regarding zoning, land use and compulsory purchase when it comes to the development of facilities for various purposes. Stoyan Barzakov leads the group and is experienced in infrastructure regulation, concessions and privatisations.Practice head(s):
Stoyan Barzakov
Other key lawyers:
Testimonials
‘We appreciated their reliability, responsiveness, and resourcefulness throughout their work on our matter. They have considerable experience in the real estate field and have worked on multiple projects in the spheres of state and municipal property and infrastructure.’
‘Magdalena Valova is extremely competent, talented, well-prepared, and professional. Her expert advice has been instrumental to a number of successful deals we have entered into throughout the years. My overall impression of the team is entirely positive.’
Key clients
Nova City Group
Trace Group Hold
Asarel Medet
Ministry of Regional Development and Public Works
Geodesy, Cartography and Cadastre Agency
Asso Home
Nipex Pharma Ltd.
Work highlights
- Advised Nova City Group on negotiations, legal due diligence, real estate investment deals and construction law cases.
- Advised the Ministry of Regional Development and Public Works on a project for the management and registration of all state and municipal property in Bulgaria.
- Advised Nipex Pharma Ltd. on the acquisition of a large municipal property, including the negotiations, the privatisation process and the final acquisition.
Bulgaria > Banking, finance and capital markets Tier 3
The team at Andrey Delchev and Partners - Eurolex Bulgaria has a strong track record handling the financing of large-scale infrastructure projects, and has particular expertise devising financing structures for sustainable energy projects as well as supporting, among others, construction and mining clients during financial transactions. Stoyan Barzakov leads the practice and focuses on infrastructure, PPP and project finance legal work. Vesselin Sharov joined the firm as a senior associate from the European Parliament in 2023.Practice head(s):
Stoyan Barzakov
Other key lawyers:
Andrey Delchev; Vesselin Sharov
Key clients
Trace Group Hold
Asarel Medet Group
Bulgarian Development Bank
World Bank
National Trust EcoFund (NTEF)
Ministry of Regional Development and Public Works
Public Enterprise Vodovod & Kanalizacija – Skopje (the WSS Company in Skopje, Macedonia)
Work highlights
- Advised the Bulgarian Development Bank regarding the collection of its receivables arising out of bank guarantees already paid out to beneficiaries of the “Guarantee Fund for Micro Credit”, including on the mechanism of subrogation in Bulgarian law.
- Advised National Trust EcoFund on public procurement and competition law matters related to environmental projects financed under NTEF’s grants scheme.
- Provision of legal assistance to the Ministry of Regional Development and Public Works in the administration of signals for irregularities under the Operational Program “Regions in Growth” 2014-2020 and in the process of imposing financial corrections in relation to public procurements.
Bulgaria > Commercial, corporate and M&A Tier 3
Andrey Delchev and Partners - Eurolex Bulgaria deals with a varied caseload including advising on M&A transactions, corporate restructurings, joint ventures and corporate governance matters for both private and public clients. Andrey Delchev and Magdalena Valova jointly lead the practice, with the former advising on concessions and commercial matters for financial institutions and the latter focuses on the transport, infrastructure and energy sectors. Practice head(s):
Andrey Delchev; Magdalena Valova
Other key lawyers:
Severina Liubenova
Testimonials
‘Fast responses and work products, good knowledge of corporate law, understanding of needs of clients from foreign countries.’
‘Great response time, good case management, good time planning.’
Key clients
Asarel-Medet JSC
Fresh Media Group
Trace Group Hold AD
Ecolab EOOD
“Softline” EOOD
Nova City Group
Gedeon Richter Bulgaria
Printec Bulgaria EAD
Electrohold Bulgaria EAD
Ashram Limited
Work highlights
- Provision of full legal services to the Fresh Media Group – on legal matters including day-to-day corporate and commercial legal matters.
- Advised Assarel-Medet JSC on various day-to-day legal matters related to its business operations and corporate governance.
- Provision of full legal services to Gedeon Righter BG. The team provides this client with a wide range of legal advice and representation in corporate and commercial matters on Bulgarian legal issues arising from their business operations.
Bulgaria > TMT Tier 3
Andrey Delchev and Partners - Eurolex Bulgaria counts terrestrial broadcast media, IT companies and digital media providers among its TMT clients, providing advice on day-to-day regulatory, licensing and compliance matters. Advertising law is another area of expertise for the team led by Severina Liubenova, who is a well-regarded competition practitioner.Practice head(s):
Severina Liubenova
Key clients
Fresh Media Group
Softline
Gedeon Richter Plc.
HabitADD Ltd.
Ucha.se EOOD
Ministry of Regional Development and Public Works
Work highlights
- Advising Fresh Media Group on a wide range of commercial, IP and regulatory matters.
- Providing full corporate legal services to Softline.
- Assisted the Ministry of Regional Development and Public Works regarding the implementation of an IT system for the management of state and municipal properties in Bulgaria and abroad.
Andrey Delchev and Partners - Eurolex Bulgaria > Firm Profile
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 dispute 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.
Main Contacts
| Department | Name | 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 |
Lawyer Profiles
| Photo | Name | Position | Profile |
|---|---|---|---|
|
Mr Stoyan Barzakov | Partner | View Profile |
|
Mr Andrey Delchev | Managing Partner | View Profile |
|
Ms Severina Liubenova | Partner | View Profile |
|
Mrs Magdalena Valova | Partner | View Profile |