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

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

Bulgaria > Transport (including shipping) Tier 1

Andrey Delchev and Partners - Eurolex Bulgaria is the preferred adviser of numerous municipalities and governmental departments, including the Ministry of Transport and Communications and the Council of Ministers, for which the team provides advisory services on concessions, operations and financing matters in the transport sector. The core of the practice is the team’s extensive track record in port infrastructure matters, where it is active in advising on inland shipping issues and the implementation of relevant legislation. Specialist advice on air transport infrastructure, city transport infrastructure and metro extensions also comprise much of the team’s practice. Stoyan Barzakov heads the practice group alongside Magdalena Valova.

Practice head(s):

Magdalena Valova; Stoyan Barzakov

Key clients

Council of Ministers

Ministry of Transport and Communications

Trace Group Hold

Work highlights

  • Advised Trace Group Hold on the legal aspects of a wide variety of infrastructure projects and represented the client in court.
  • Assisted the Ministry of Transport and Communications with an analysis of the relevant legal aspects of opening a concession procedure for the Varna Ferry Complex.
  • Assisted the Ministry of Transport and Communications with the task of analysing the possibility of terminating the concession contract for construction works on Plovdiv Central railway station.

Bulgaria > Dispute resolution Tier 2

Andrey Delchev and Partners - Eurolex Bulgaria is best known for handling a series of cases arising out of regulatory and public procurement disputes, often high-value and complex litigation on behalf of public bodies such as the Energy and Water Regulation Commission. Practice head and founding partner Andrey Delchev counts commercial disputes, utilities regulation and public law as among his specialisms, as well as commercial litigation. Concessions expert Magdalena Valova advises on complex litigation cases.    

Practice head(s):

Andrey Delchev

Other key lawyers:

Testimonials

‘In my experience the practice stands out with its excellent, honest and loyal treatment of its clients. Their key strength is their expertise, experience and understanding of business. I feel very secure with them on our company’s side and would recommend them to any other enterprise that seeks competent legal advice on complicated issues.’

‘Our business is handled on the level of the senior partners, almost exclusively by the attorney Magdalena Valova. I have been working with her for years and have always found her to be extremely competent, talented, well-prepared, and professional.’

Key clients

CEZ Group

Fresh Media Group

Bulvest Print

Energy and Water Regulation Commission

Trace Group Hold

Nova City Residents

Specialized Hospital for Active Treatment of Spine

Treger Limited

WSS Association – Targovishte Region

Ecolab

Work highlights

  • Represented the Energy and Water Regulation Commission in a series of legal proceedings before the administrative courts.
  • Represented Treger in a high-profile court case against the local Water Supply and Sanitation Services operator.
  • Represented Bulvest Print in a dispute concerning the failure for payment by one of its counter-parties under contracts concluded for the preparation of printing products.

Bulgaria > Energy and natural resources Tier 2

Andrey Delchev and Partners - Eurolex Bulgaria frequently advises state entities on amendments to energy legislation, particularly on complex issues regarding the transposition of EU law. Beyond its public sector advisory work, the team also regularly assists national and transnational private investors with the construction and financing of large-scale energy projects. Managing partner Andrey Delchev heads up the team. He is supported by Magdalena Valova.

Practice head(s):

Andrey Delchev

Other key lawyers:

Key clients

Assarel-Medet

Bulgarian Mining Chamber

Bulgarian Petroleum and Gas Association

CEZ Group

Council of Ministers

Energy and Water Regulation Commission

Lukoil

Ministry of Environment & Waters

National Trust EcoFund

Work highlights

  • Prepared a comprehensive analysis of the Bulgarian and European practices in the field of mineral resources for the Council of Ministers of the Republic of Bulgaria.
  • Advised the Bulgarian Petroleum and Gas Association on the applicable legal rules for fuel export and assisted the client with drafting proposals for the amendment and supplementation of the applicable EU energy legal framework.
  • Represented the Energy and Water Regulatory Commission in a series of legal proceedings before the administrative courts initiated by different producers of electricity which claim that the feed-in tariffs adopted by the client were not properly applied with regards to them.

Bulgaria > EU and competition Tier 2

Andrey Delchev and Partners - Eurolex Bulgaria predominantly advises clients from the energy, fuel supply and insurance industries on the full suite of competition matters, including alleged abuse of market position, price fixing and vertical agreements. Severina Liubenova acts as practice head, and focuses on merger control, abuse of dominant position and restriction of competition cases. She is supported by founding partner and ‘very experienced professional’ Andrey Delchev.

Practice head(s):

Severina Liubenova

Other key lawyers:

Testimonials

‘The law firm provides highly professional services from experienced lawyers who have the expertise and motivation to meet the highest standards for quality of the work. Andrey Delchev and Partners – Eurolex Bulgaria delivers timely, exhaustive and competent legal advice discussed from different perspectives. The law firm reacts very quickly to legal changes.’

‘The law firm has a solid team of professionals in various fields of law. We have worked closely with Boriana Shotekova who has significant experience in the representation of clients before the Commission on Protection of Competition of the Republic of Bulgaria.’

‘We have worked with the firm for many years. Throughout that time, Severina Liubenova and her team have proved to be on top of rapid developments in the field, adapting to the changes and finding the best possible outcome in each and every situation. Our sector is quite complex and requires vast knowledge, and we are completely satisfied with the service provided by our lawyers.’

‘We work with Severina Liubenova and we are pleased that our communication is always timely and outstanding. Her personal touch, knowledge and expertise is unprecedented and deserves to be highlighted. The final product that the team delivers is always excellent.’

Key clients

Lukoil

CEZ Group Bulgaria

National Trust EcoFund

Communicorp

Fresh Media Group

Gedeon Richter

Gazprom

Allianz insurance group

Ministry of Regional Development and Public Works

Bulgarian Petroleum and Gas Association

Orbelus Organic Winery

Work highlights

  • Represented Treger, one of the biggest hotels in Sofia, in a claim against the local water supply and sanitation services operator for abuse of dominant position.
  • Advised Fresh Media Group on competition and regulatory issues related to the broadcasting of radio programmes in Bulgaria.
  • Advised the Ministry of Regional Development and Public Works on whether the public procurement procedures for the “Regions in Growth” programme funded by the European Regional Development Fund and the Republic of Bulgaria complied with competition law.

Bulgaria > Projects and PPP Tier 2

Expertise in the public sector is a defining characteristic of the practice group at Andrey Delchev and Partners - Eurolex Bulgaria, which acts as preferred adviser to a sizeable proportion of Bulgarian public entities, including the Ministry of Transport and Communications, the Ministry of Energy and the Council of Ministers, on large-scale infrastructure projects, and public procurement and financing structures for renewable energy projects. Highly experienced arbitrator and managing partner Andrey Delchev co-leads the department alongside public procurement and concessions expert Magdalena Valova.

Practice head(s):

Andrey Delchev; Magdalen Valova

Other key lawyers:

Severina Luibenova

Key clients

Council of Ministers of the Republic of Bulgaria

Ministry of Regional Development and Public Works

Ministry of Energy of the Republic of Bulgaria

Ministry of Transport and Communications

Sofia Municipality

Geodesy, Cartography and Cadastre Agency

National Trust EcoFund

Public Enterprise Vodovod & Kanalizacija Skopje

Energy and Water Regulation Commission

Work highlights

  • Advised the Ministry of Regional Development and Public Works on whether the public procurement procedure for the “Regions in Growth” programme was compliant with the law.
  • Prepared analyses for the Ministry of Energy of the relevant legal aspects of awarding five concessions in Bulgaria for the prospecting, exploration and extraction of mineral resources.
  • Prepared an analysis of the relevant legal aspects of opening a concession procedure for a port terminal for the Ministry of Transport and Communications.

Bulgaria > Real estate and construction Tier 2

Andrey Delchev and Partners - Eurolex Bulgaria notably provides advisory services on key large-scale transport infrastructure projects in Bulgaria. The expertise of the team also extends to all related real estate matters, including zoning, land use and compulsory purchase. It acts on behalf of a wide range of clients, including property investment company Nova City Group and subway infrastructure development company Trace Group Hold. Managing partner Stoyan Barzakov heads up the team, specialising in concessions, privatisation and project finance.

Practice head(s):

Stoyan Barzakov

Key clients

Nova City Group

Council of Ministers

Ministry of Energy of the Republic of Bulgaria

Ministry of Transport and Communications

Sofia Municipality

Ashram

Trace Group Hold

Work highlights

  • Assisted Ashram with the sale of Central Sofia Market Hall, by negotiating the deal and advising the client on real estate and contract issues, the restrictions resulting from the protected status of the market as an immovable cultural asset of national importance, and the mortgages and pledges incumbent upon it.
  • Providing full legal services to Nova City Group, including participation in negotiations, legal due diligence, consultancy regarding real estate investment deals, and representation in construction law cases.
  • Represented a large foreign real estate developer in a case against a construction company concerning the legal status of a plot that served as a mortgage in favour of the client.

Bulgaria > Banking, finance and capital markets Tier 3

Andrey Delchev and Partners - Eurolex Bulgaria often advises on complex financial transactions, and regards financing for large-scale infrastructure and energy projects as a core aspect of the practice. Notable clients include the National Trust EcoFund and the Bulgarian Development Bank. PPP and project finance expert Stoyan Barzakov leads the practice group, with support from managing partner Andrey Delchev.

Practice head(s):

Stoyan Barzakov

Other key lawyers:

Key clients

Bulgarian Development Bank

World Bank

Ashram Limited

National Trust EcoFund

Nova City Group

Sirma Solutions

Sofia Municipality

Ministry of Regional Development and Public Works

Ministry of Transport and Communications

Public Enterprise Vodovod & Kanalizacija – Skopje

Work highlights

  • Assisted Ashram with the sale of Central Sofia Market Hall by negotiating the deal and advising the client on legal issues, including the early termination of a bank loan agreement and the repayment of a bank loan that had been granted for the acquisition of the market.
  • 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”.
  • Provided legal assistance to the Ministry of Regional Development and Public Works in the administration of signals for irregularities under an operational programme.

Bulgaria > Commercial, corporate and M&A Tier 3

The team at Andrey Delchev and Partners - Eurolex Bulgaria acts on behalf of both domestic and international clients, focusing on M&A transactions, joint ventures, corporate governance and restructuring, and drafting complex commercial agreements. Practice head Andrey Delchev has considerable experience in commercial law, PPP, concessions, and both the energy and water sectors. Noted for her ‘knowledge and expertise’, Magdalena Valova works on international PPP projects, and regards concessions as a specialism.

Practice head(s):

Andrey Delchev; Magdalena Valova

Other key lawyers:

Severina Liubenova

Testimonials

‘We communicate with the Severina Liubenova and we are pleased that our communication is always timely and outstanding. Her personal touch, knowledge and expertise is unprecedented and deserves to be outlined. We have no direct impression of the rest of the team but the final product they deliver is always excellent.’

Key clients

Asarel – Medet

Fresh Media Group

Trace Group Hold

Kintex

Ecolab

Softline

DK Energy Bulgaria

Nova City Group

Gedeon Richter

Sirma Solutions

Ashram

Work highlights

  • Assisted Sirma Solutions with the acquisition of the Bulgarian IT company ‘Sciant’ JSC, by performing a due diligence and drafting the share purchase agreement.
  • Assisted Ashram Limited in relation to the sale of Central Sofia Market Hall by negotiating the deal and advising the client on legal issues such as the special status of the market, the restrictions flowing therefrom, and the mortgages and pledges incumbent upon it.
  • Provided full legal services to Fresh Media Group on matters ranging from all day-to-day corporate and commercial legal matters, to issues related to the applicable regulatory rules, among others.

Bulgaria > TMT Tier 3

Andrey Delchev and Partners - Eurolex Bulgaria possesses a considerable depth of knowledge in advertising law, and offers advisory services regarding associated regulatory and compliance issues. The scope of the team's day-to-day work also includes more general regulatory matters in the TMT sector, and it continues to be notable for its strength in the field of terrestrial broadcast media. Practice head Severina Liubenova is highlighted for her ‘unprecedented’ expertise.

Practice head(s):

Severina Liubenova

Testimonials

‘Severina Liubenova and her team have proved to be on top of the developments in the field, adapting to the changes and finding the best possible outcome in each and every situation. The radio sector in itself is quite complex and requires vast knowledge in different areas. We are completely satisfied with the service provided by our lawyers on a variety of complex legal issues.’

‘Severina Liubenova’s knowledge and expertise is unprecedented and is something that we wish to outline.’

Key clients

Softline

Fresh Media Group

Sirma Solutions

Gedeon Richter

HabitADD

Ucha.se

Work highlights

  • Advised Fresh Media Group on a wide range of matters, including corporate and commercial issues, regulatory matters, licensing, IP, production, creation and broadcasting issues, leases, bank loans, judicial representation and representation before the broadcast regulator, and advertising and sponsorship contracts.
  • Assisted Sirma Solutions, one of the largest software groups in Bulgaria, with the acquisition of Bulgarian IT company Sciant.
  • Advised Softline, a global IT solutions and services provider, on corporate matters.

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.

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
Partners : 4
Senior Associates : 5
Associates : 12
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