Firm Profile > Wolf Theiss > Sofia, Bulgaria

Wolf Theiss
55 NIKOLA VAPTSAROV BLVD.
1407 SOFIA
Bulgaria

Banking, finance and capital markets Tier 1

A well-resourced and experienced team at Wolf Theiss holds its own in the Bulgarian market, advising major domestic banks on regulatory and transactional matters, as well cross-border financings of the highest complexity on behalf of international  institutions. It is acting for JP Morgan Securities on the €1.5bn bond financing of United Group's headline acquisition of Vivacom, a deal led by practice co-heads Katerina Kraeva and Richard Clegg. Providing strong support, the junior bench includes experienced associate Jasmina Uzova, NPL specialist Konstantin Altandzhiyski  and dual UK-Bulgaria qualified consultant Irina Dekova .

Practice head(s):

Katerina Kraeva; Richard Clegg

Other key lawyers:

Jasmina Uzova; Konstantin Altandzhiyski; Irina Dekova

Testimonials

‘The practice is a balanced mixture of experienced senior lawyers and ambitious young professionals, dedicated to banking and finance consulting. They are competent, diligent and have excellent client communication skills. The practice has notable understanding of the business side of the issues in addition to their perfect legal knowledge, as opposed to law firms focusing only on the legal side of the matters. It is a pleasure working with such a team.’

‘Partner Katerina Kraeva has an excellent understanding of the legal and business side of the matters. She is dedicated to providing legal advice and assistance taking into consideration not only the strictly legal aspect of the issue. She is always available for discussions, which is convenient and helps in establishing a good relationship. The entire team stands out with competence and deep understanding of the banking and finance sector. ’

Key clients

European Investment Bank

TPG

Rabobank

UniCredit

Micronix

Deutsche Bank

Raiffeisen Bank Bulgaria

Software Group

BNPP Cardiff

Atradius

Arco Capital Corporation

Visa Europe

Commercial, corporate and M&A Tier 1

An experienced team at Wolf Theiss is widely instructed in cross-border transactions involving both outbound as well as inbound investment, particularly within the energy and telecoms sectors. The firm also handles regional work for key clients out of the Sofia office, showcasing the capability of the team. The practice is led by Richard Clegg, who is qualified in the UK, Ireland and Bulgaria; Anna Rizova, former general counsel at Bulgaria's first mobile operator; and Katerina Kraeva, who also brings in-house experience to the practice. Visa and AIG are clients.

Practice head(s):

Richard Clegg; Anna Rizova; Katerina Kraeva

Other key lawyers:

Jasmina Uzova

Testimonials

‘The Wolf Theiss Bulgaria team is very well prepared, organised and responds to requests within a short period. They are very practical and clear in their legal opinions and recommendations. Connections with lawyers outside Bulgaria is an advantage and helps cover multinational fields of expertise.’

‘Richard Clegg has great and diverse experience which allows him to understand the needs of the client and to address them directly and in a most effective way.’

Key clients

AIG

Alcinda

Wilsonart

Soravia Group

Incor Energy Group

Lead FX

ALSO Holding

VISA

IAC (InterActiveCorp)

Energy and natural resources Tier 1

A versatile practice at Wolf Theiss includes mandates across all aspects of power, both conventional and renewable, on behalf of multinational and domestic companies. The team has 'excellent in-depth knowledge of the particularities of the energy sector'; it is co-led by specialist Radoslav Mikov, who has many years' experience both in-house and in private practice. Office managing partner Anna Rizova also advises in this sphere, while Oleg Temnikov is singled out by clients as 'outstanding in regulatory and commercial matters'.

Practice head(s):

Anna Rizova; Radoslav Mikov

Other key lawyers:

Oleg Temnikov; Katerina Novakova

Testimonials

‘I started working with the Wolf Theiss Sofia office back in 2018 in a former role and continued to work with them in my current position. They have assisted us as a lead counsel on a number of renewable energy projects in Bulgaria, as well as coordinating out of Bulgaria legal advice on neighbouring jurisdictions.’

The most important quality of Wolf Theiss in Bulgaria is that they have a specialised energy team, involving lawyers which are experienced and active on this particular market. This allows them to have an excellent in-depth knowledge of the particularities of the energy sector and be aware of opportunities; they are client-oriented.’

We were impressed by the extensive and detailed business and legal knowledge of the Wolf Theiss team in the energy sector. It is rare for lawyers to have such detailed understanding of the energy sector and to provide such client-friendly advice.

‘Oleg Temnikov is a  brilliant energy lawyer, outstanding in regulatory and commercial matters. He is very accurate in providing legal advice, while at the same being sensitive to commercial and business considerations. He is definitely one of the leading individual lawyers in the sector in Bulgaria and the region – he is partner level.

Radoslav Mikov is very practical and solution-oriented. In particular, we appreciated his knowledge and experience in the electricity sector and the renewables.’

Key clients

Axpo Bulgaria

ERG Renew

Turk Stream (former South Stream B.V.)

NIS Petrol

Vesto Energy

Protergia/ Mytilineos

Enel Green Power Bulgaria

GEN-I

AresGas EAD

Alcinda

Projects and PPP Tier 1

Wolf Theiss boasts a track record of landmark infrastructure projects, concessions, procurement, PPP and privatisations. Currently, the portfolio includes acting for Turk Stream, an entity owned by OAO Gazprom regarding the construction and development of the offshore part of the gas pipeline Turk Stream, as well as advising the EIB on the financing of the Bulgaria-Greece Interconnector Project. The strong multidisciplinary team includes leading energy lawyer Radoslav Mikov, banking and finance specialist Katerina Kraeva  and coporate partner Richard Clegg, and is overseen by managing partner Anna Rizova.

Practice head(s):

Anna Rizova

Other key lawyers:

Radoslav Mikov; Katerina Kraeva; Richard Clegg; Katerina Novakova

Key clients

Aurubis

Axpo Bulgaria

Arco Capital Corporation

Soravia

MET Energy

European Bank for Reconstruction and Development

EIB

Vesto Energy

Dispute resolution Tier 2

Wolf Theiss' team consists of ‘experts in complex multi-national disputes with a fantastic understanding of the political, cultural and commercial ecosystems of South-Eastern Europe’. Practice co-head Radoslav Mikov is leading advice to the General Director for National Roads and Motorways of Poland in the Bulgarian Supreme Court of Cassation concerning a public procurement dispute against a Bulgarian company. Fellow co-head and office managing partner Anna Rizova is recommended for disputes concerning heavily regulated industries, while newly-promoted counsel Oleg Temnikov is 'definitely one of the rising stars on the Bulgarian dispute resolution market'.

Practice head(s):

Anna Rizova; Radoslav Mikov

Other key lawyers:

Oleg Temnikov

Testimonials

‘Wolf Theiss’ dispute resolution practice is unique on the Bulgarian market because of its exceptional cross-border and complex disputes capabilities. Their most valuable strength is the capability to handle complex disputes with cross-border elements, including elaboration of the litigation strategy, consistent handling of the pre-dispute phase, and possible negotiations and representations in all kinds of disputes in Bulgaria. In this respect, they are among the best on the market, including comparing to major Bulgarian law firms. Areas of particular strength are international arbitration, insolvency proceedings, energy disputes and general commercial litigation.’

‘As a lawyer and insolvency administrator, I work most often with Oleg Temnikov, including currently on several cross-border insolvency and enforcement matters. He is definitely one of the rising stars on the Bulgarian dispute resolution market. I would note his very impressive education and unrivaled knowledge and his responsiveness and efficiency. His particular strength is the capability of quickly gaining knowledge and understanding the “big-picture” of very complex cases and elaborating the most efficient litigation strategy. In particular, we have worked with Oleg Temnikov on unique cross-border insolvency cases, where his experience with EU private international law instruments was of essential value for the case.’

Other names to note are partner Radoslav Mikov, who is known for his experience in energy-related disputes, and partner Anna Rizova, who is known for her commercial and white collar disputes experience. They are both very practical and efficient.

‘Experts in complex multi-national disputes with a fantastic understanding of the political, cultural and commercial ecosystems of South-Eastern Europe. ’

‘I worked in litigation matters mainly with Oleg Temnikov. He has a very good practice in energy and insolvency matters and regularly advises on such matters. He has very good expertise in cross-border and arbitration issues and the firm takes such mandates constantly. Anna Rizova as partner is a good litigator as well. The team works alot on competition law matters. I recommend them for energy and cross-border enforcement matters as well as insolvency.’

‘I would like to recommend Oleg Temnikov. I have known him for nearly ten years professionally so I have a good grasp of what he knows and can do. I have also worked with him for some regulatory and litigation matters. I highlight his very good knowledge and understanding of cross-border procedures, also arbitration and insolvency. He has good professional contacts in the local community and internationally. In terms of sector knowledge, he has good expertise in energy matters. I highlight Anna Rizova for leading litigation mandates as well.’

‘One of the biggest strengths of the Wolf Theiss litigation department is an ability to work under time pressure. The department also always provides us with complex and comprehensive updates on the status of the proceedings. They work quickly and effectively. They are available whenever we need their support. ’

They are readily contactable and willing to engage and act promptly at all times. Communication skills are excellent.’

Key clients

Axpo Bulgaria

ERG Wind Bulgaria SPVs

Sentiss

AresGas

GDDIKKA

ENEL Green Power Bulgaria

EQOS Energie Oesterreich

Vesto Energy

EU and competition Tier 2

Wolf Theiss stands out for its deep experience in merger control and general corporate support, including advice on sophisticated, often multinational, transactions. Regulatory and commercial partner Anna Rizova heads up the team which includes experienced counsel Hristina Dzhevlekova, who advises on both EU and local competition matters, particularly within highly-regulated sectors. The pair provided competition advice to ALSO Holding on its acquisition of ICT wholesaler Solytron Bulgaria. Clients also include a global pharmaceutical and a well-known US private equity company.

Practice head(s):

Anna Rizova

Other key lawyers:

Hristina Dzhevlekova

Key clients

ALSO Holding

Cesi SpA

Peek & Cloppenburg

Healthcare and life sciences Tier 2

Wolf Theiss advises a substantial client base of R&D and generic pharma, medical device and clinical trial companies as well as banks and investors. It is particularly strong in providing coporate advice to multinationals, and is regularly the firm of choice for large-scale regional deals in the sector. Regulatory work includes acting for clinical trials company Celgene International regarding its business in Macedonia and Bulgaria. Managing partner Anna Rizova steers a versatile team including recently-promoted counsel Hristina Dzhevekova.

Practice head(s):

Anna Rizova

Other key lawyers:

Hristina Dzhevlekova

Key clients

Rabobank

Pappy Pharma

Celgene International

STS Medical Group

Reckitt Benckiser

Boehringer

Intellectual property Tier 2

The IP practice at Wolf Theiss acts for a diverse client base that includes international and local companies from the TMT, outsourcing, banking and finance, food and healthcare, and retail and tourism sectors, among others. The team has capability across the board of IP work, including transactional support and representation in disputes before the administrative and judicial courts. Counsel Hristina Dzhevekova and 'very competent and professional' senior associate Oleg Temnikov play key roles and are overseen by managing partner Anna Rizova, who also advises on IP matters.

Practice head(s):

Anna Rizova; Richard Clegg

Other key lawyers:

Hristina Dzhevlekova; Oleg Temnikov

Testimonials

‘Very competent advising services and always quick feedback. Creative solutions.’

‘Oleg Temnikov is a very competent and professional attorney, giving sound and good advice in a very timely matter. Highly recommended!’

Key clients

Hero AG

Software Group

ALSO Holding

Real estate and construction Tier 2

Wolf Theiss handles financing and investment structures, sales and purchases of high-value real estate and industrial infrastructure, commercial leasing and corporate work for real esate companies, among other matters. The multidisciplinary team is led by commercial and regulatatory partner Anna Rizova and finance specialist Katerina Kraeva, while associate Maria Nikolova has growing real estate experience and is a regular associate on client teams. International retailer H&M Hennes & Mauritz is a key client of the practice; others include Strabag and Soravia Group.

Practice head(s):

Anna Rizova; Katerina Kraeva

Other key lawyers:

Maria Nikolova

Key clients

Soravia Group

WorldQuant Research

H&M Hennes & Mauritz

Concentrix Bulgaria

Hedgeserve

Bravo Consult

Micronix Group

Strabag

TMT Tier 2

Wolf Theiss has a strong offering in the TMT arena, particularly on the financing and corporate side, earning roles in big-ticket, cross-border transactions within the technology and telecoms sector. Recently, the firm acted for JP Morgan Securities in the structured financing to United Group for its €1.5bn acquisition of BTC/Vivacom. Corporate partner Richard Clegg and regulatory specialist/managing partner Anna Rizova head the practice and the bulk of mandates, with key input from counsels Hristina Dzhevekova and Oleg Temnikov. Clients also include Software Group and Megaport.

Practice head(s):

Richard Clegg; Anna Rizova

Other key lawyers:

Hristina Dzhevlekova; Oleg Temnikov

Key clients

Factset

AIG

Scale Focus

Software Group

Amdocs

Megaport Inc.

Upstream – next level mobility GmbH

Multi Service Technology Solutions

Deloitte

JP Morgan Securities

The firm: Wolf Theiss opened its first office in Vienna in 1957 and soon established a reputation as one of the region’s leading law firms. The firm has since grown into a multinational team of approximately 340 lawyers, making it one of the largest integrated law firms in the region. It has offices* in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovak Republic, Slovenia and Ukraine.

This presence on the ground is one of the firm’s key strengths. It works in a fast-moving part of the world that requires deep local knowledge and experience. By combining expertise with a strong international network, the firm is well-placed to handle complex cross-border transactions with a high degree of speed and flexibility.

Apart from its local offices in 13 CEE/SEE countries, Wolf Theiss also offers extensive regional experience in other countries in the region, such as Kosovo, Montenegro and North Macedonia.

*As a technical aside, the firm has regulatory frameworks within which it needs to comply. So by ‘presence’, it is meant a legal form that is in compliance with all applicable laws and regulations in that country.

Areas of practice: Wolf Theiss’ full range of services covers financial services, competition and antitrust, corporate/mergers and acquisitions, employment law, energy and infrastructure, intellectual property and information technology, litigation and alternative dispute resolution, real estate and construction, regulatory and procurement, and tax. The firm’s dedicated practice teams provide in-depth specialist knowledge in their respective areas and collaborate closely to provide clients with seamless advice.

Bulgaria: Wolf Theiss is one of the largest law firms in Bulgaria. It has significant strength in all areas of corporate, M&A, banking, debt financing, project financing and capital markets, energy, telecommunications, pharmaceuticals, ICT and financial services. Its lawyers in Sofia have worked at senior levels for leading professional services, industrial and investment firms, have detailed knowledge of the political and business environment, and give practical legal support of the highest quality to a broad range of domestic and international clients.

Department Name Email Telephone
Financial services Katerina Kraeva katerina.kraeva@wolftheiss.com +359 2 8613727
Competition/antitrust Anna Rizova anna.rizova@wolftheiss.com +359 2 8613703
Intellectual property Anna Rizova anna.rizova@wolftheiss.com +359 2 8613703
Dispute resolution Radoslav Mikov radoslav.mikov@wolftheiss.com +359 2 8613719
Employment Anna Rizova anna.rizova@wolftheiss.com +359 2 8613703
Energy and infrastructure Anna Rizova anna.rizova@wolftheiss.com +359 2 8613703
Energy and infrastructure Radoslav Mikov radoslav.mikov@wolftheiss.com +359 2 8613719
Corporate/M&A Richard Clegg richard.clegg@wolftheiss.com +359 2 8613701
Real estate Katerina Kraeva katerina.kraeva@wolftheiss.com +359 2 8613727
Regulatory and procurement Anna Rizova anna.rizova@wolftheiss.com +359 2 8613703
Tax Richard Clegg richard.clegg@wolftheiss.com +359 2 8613701
Tax Katerina Kraeva katerina.kraeva@wolftheiss.com +359 2 8613727
Telecommunications Richard Clegg richard.clegg@wolftheiss.com +359 2 8613701
Photo Name Position Profile
Mr Richard Clegg  photo Mr Richard Clegg Partner, working throughout Central & Eastern Europe and South Eastern Europe. Richard…
Ms Irina Dekova  photo Ms Irina Dekova Constultant
Ms Hristina Dzhevlekova  photo Ms Hristina Dzhevlekova Counsel, specialising in competition and employment law.
Ms Katerina Kraeva  photo Ms Katerina Kraeva Partner, Wolf Theiss, since 2014, specialised in Banking & Finance, Corporate, Tax.…
Mr Radoslav Mikov  photo Mr Radoslav Mikov Partner, Wolf Theiss, since 2014; specialised in Energy, Sector Regulation, Public Procurement.…
Ms Maria Nikolova  photo Ms Maria Nikolova Senior Associate
Ms Katerina Novakova  photo Ms Katerina Novakova Counsel specialising in Regulatory, Energy, Public Procurement Concessions and Environmental Law. Katerina…
Ms Anna Rizova  photo Ms Anna Rizova Partner; specialised in Energy, Competition & Antitrust, Corporate/Mergers & Acquisitions, Regulatory and…
Mr Oleg Temnikov  photo Mr Oleg Temnikov Counsel, specialising in dispute resolution, and particularly in administrative litigations, civil and…
Ms Radena Tsvetanova  photo Ms Radena Tsvetanova Consultant
Ms Jasmina Uzova  photo Ms Jasmina Uzova Senior Associate specialising in finance law, corporate law, tax law.
Number of lawyers : 340
at this office : 19
Bulgarian
English
French
German
Italian
Macedonian
Russian
Contact : Anna Rizova (local managing partner)
Other offices : Belgrade
Other offices : Bratislava
Other offices : Bucharest
Other offices : Budapest
Other offices : Kyiv
Other offices : Ljubljana
Other offices : Prague
Other offices : Sarajevo
Other offices : Tirana
Other offices : Vienna
Other offices : Warsaw
Other offices : Zagreb

At Wolf Theiss, we strongly believe that in a global marketplace, a company that employs a diverse workforce (both men and women of several generations and from ethnically and racially diverse backgrounds) is better able to understand the marketplace it serves, offers better and more unique perspectives and thus, is better equipped to thrive in that marketplace than a company that has a more limited range of employee demographics.

For us, uniting people in a region where, in some cases, it has previously experienced first-hand war-time prejudice and overcoming cultural divisiveness is part of our philosophy. By respecting each other, we have created a unique workplace camaraderie that spills over into our daily lives. Wolf Theiss considers itself to be politically liberal, not biased in any direction and imposing no restrictions on its workforce in terms of political view, religion, way of life, race, language and sexual orientation.

Our leadership team is comprised of 22% female partners and 60% of our senior associates are women. We strive to stand at the forefront in the region, when it comes to gender diversity. We were one of the first law firms in the region to implement a maternity policy.

Wolf Theiss is proud to have been recognised as “Best in Austria” at the European Women in Business Law Awards 2017, 2016, 2015, 2014, 2013 & 2012, “Best in Croatia” at the European Women in Business Law Awards 2017, 2016, 2015, 2014 & 2013 and “Best in Romania” at the European Women in Business Law Awards 2016, 2015 & 2014.

CORPORATE SOCIAL RESPONSIBILITY

At Wolf Theiss we believe that success is a two-way street. Our financial success depends in large part on our doing quality work for our clients, so they come back to us and recommend us to others. But our success also depends on the support of the local communities where we live and work. They provide us with a great deal of input and impulses, including the talented lawyers and assistants who make it possible for us to do what we do. We all think it is essential that we give something back to the community.

One way to show our commitment to the community is by providing legal advice on a pro bono basis to clients who need legal help, but are unable to pay for our services. Our pro bono work is directed at clients whom we consider to be very deserving or who face legal issues that we believe are especially important to our communities or to society as a whole. We are proud that Euromoney Legal Media Group honoured us with the ‘2014 Best National Firm for Pro Bono Work’.