Firm Profile > Wolf Theiss > Sofia, Bulgaria

Wolf Theiss
55 NIKOLA VAPTSAROV BLVD.
1407 SOFIA
Bulgaria

Banking, finance and capital markets Tier 1

Wolf Theiss advises banks and investment funds on large cross-border financings, loan facility restructurings and project finance across a variety of sectors. The firm is increasingly active in the growing Bulgarian fintech market, advising on compliance in a developing regulatory environment, and acting for banks and alternative investment funds to finance growing fintech companies, and for those companies to raise capital as borrowers. Notably, the team acted for private equity firm TPG on a €330m loan to SumUp, a fast-growing payment processing service. Clients include the United Bulgarian Bank, Sensata Technologies and Bain Capital. The practice is led by Katerina Kraeva and Richard Clegg, and senior associate Jasmina Uzova is highly rated.

Practice head(s):

Katerina Kraeva; Richard Clegg

Key clients

TPG

Rabobank

European Investment Bank

Atradius

BNPP Cardif

HedgeServ

Micronix Group

KGAL Fund

Ria Financial Services

UniCredit Bank AG

UniCredit Bulbank AD

UniCredit Austria AG

Visa Europe

Raiffeisen Bank

BNP Paribas

Gramercy Emerging Markets Fund

Arco Capital Corporation

European Bank for Reconstruction and Development

ERG Renew

United Bulgarian Bank

QBE Insurance Group

Piraeus Bank

Sensata Technologies Holding N.V.

Uralsib

Bain Capital

Commercial, corporate and M&A Tier 1

The corporate, commercial and M&A team at Wolf Theiss works across the CEE region, advising on M&A transactions involving Bulgarian and international corporates. The firm is particularly active in energy and technology; in the latter space, it assisted fintech company Software Group with a venture debt investment – the first of its kind in the country. The group also provides ongoing strategic and transactional advice to major international clients including Visa Europe and Siemens. The team is led by Richard Clegg , Katerina Kraeva and Anna Rizova, who is known for her ‘excellent legal skills’ . Senior associate Jasmina Uzova is also recommended.

Practice head(s):

Richard Clegg; Katerina Kraeva; Anna Rizova

Testimonials

‘Exceptionally skilled team, easy to deal with, responsive and good communicators, particularly, when it comes to explaining local laws.’

‘An international law firm with a very strong presence and reputation on the Bulgarian law market.’

Key clients

Visa Europe

Deloitte

Amundi

Gramercy Emerging Markets Fund

Arco Capital Corporation

Software Group

Axpo Bulgaria

Frea Axpo

GroupSense

Sensata Technologies Holding N.V.

Micronix

HedgeServ

Megaport

Borealis

FactSet

Amdocs

ERG Renew

STS Medical Group

Siemens

Energy and natural resources Tier 1

The energy and natural resources practice at Wolf Theiss covers all segments of the power sector – natural gas production and distribution; nuclear, renewable and conventional power generation; commodity and energy trading; regulatory compliance, and dispute resolution. The ‘outstandingly professional, courteous and proficient’ Radoslav Mikov is the key member of the team, and jointly leads the practice alongside Anna Rizova, who is experienced in advising on nuclear energy, gas pipeline construction and electricity trading. Oleg Temnikov and senior associate Katerina Novakova are other names to note. The firm counts ExxonMobil, Edison Trading, and Micronix among its clients.

Practice head(s):

Anna Rizova; Radoslav Mikov

Testimonials

‘We appreciate the team’s long-term vision, initiative, and their positive approach towards the dynamic challenges of the Bulgarian energy market.’

‘Mr. Radoslav Mikov has an in-depth knowledge and extensive experience in the energy sector in the country.’

‘Offered us the best legal solutions, with a tactical approach.’

Key clients

ExxonMobil

Edison Trading

Aurubis

Axpo Bulgaria

Frea Axpo

ERG Renew

Micronix

EQOS Energie Österreich GmbH

Gunvor

e&t

EU and competition Tier 1

Wolf Theiss draws on its strength in corporate and commercial law to advise on merger notification, clearance and control, including in the highly regulated energy, pharmaceutical, banking and telecoms sectors. The ‘well organised’ team primarily handles non-contentious matters: assisting clients with ensuring that planned distribution agreements, marketing campaigns and promotions, acquisitions of real estate and facilities, share purchase of competing companies, and franchise arrangements, comply with the regulatory environment. Anna Rizova heads the team, and specialises in all forms of antitrust matters, while Richard Clegg, banking and finance co-head, and the ‘precise’ and ‘dedicatedHristina Dzhevekova are key contacts.

Practice head(s):

Anna Rizova

Testimonials

‘Very detailed in all of their analyses. They provide extensive and precise responses and keep their clients informed.’

Key clients

Bulstrad Vienna Insurance Group

Kohlberg Kravis Roberts & Co.

Monster Energy Ltd.

Arco Capital Corporation

Hisense

Siemens

Boehringer

S&T AG

ALSO Holding

Healthcare and life sciences Tier 1

Wolf Theiss handles corporate and commercial matters for clients in the healthcare and pharmaceutical industries. Additionally, the team has advised banks and investment firms on M&A transactions in the pharmaceutical industry, advising on the data protection, intellectual property transfer, and antitrust implications of acquisitions in the sector. The team also assists foreign pharmaceutical companies with the regulatory requirements regarding market entry, and has advised on compliance for clinical trials. The practice is headed by Anna Rizova. Senior associate Hristina Dzhevlekova is another name to note; she leads on many of the firm’s major cases, and has acted for AstraZeneca and Eli Lilly.

Practice head(s):

Anna Rizova

Testimonials

‘The team is well-organised, coordinated, efficient and highly capable. They perform legal research quickly and deliver advice to short deadlines.’

 ‘The team members are highly professional, in terms of knowledge, attitude, and self-confidence. We always rely on their clear and comprehensive advice.’

Key clients

BASF

IMS Health Technology (IQVIA)

STS Medical Group

Reckitt Benckiser

Pierre Fabre

Boehringer

Celgene

Align

Arysta LifeSciences

Vertex Pharmaceuticals Incorporated

Projects and PPP Tier 1

Wolf Theiss advises on high-value public procurement and concession procedures in strategic industries. The firm has advised participants in tenders for pipeline construction, military fuel provision, telecommunications systems, and airport infrastructure. It draws on the strength of its corporate and commercial and banking and finance know-how to offer expertise in financing for major projects with a particular focus on energy, resource extraction and commercial real estate projects. Finance specialist Anna Rizova leads the team, while Radoslav Mikov and senior associate Oleg Temnikov are highly experienced in energy matters. Atanas Mihaylov offers expertise in construction and EPC agreements, and senior associate Katerina Novakova handles public procurement work.

Practice head(s):

Anna Rizova

Key clients

Edison Trading

Aurubis

Axpo Bulgaria

Frea Axpo

Arco Capital Corporation

TMT Tier 1

The ‘service-oriented and pragmatic team’ at Wolf Theiss  advises on mergers and acquisitions, financing, and commercial agreements in the TMT sector. It has a particular focus on innovative IT companies in fintech, cloud computing software, and automated data visualisation services. The team assists growing international and Bulgarian tech companies on licencing and IP matters, data protection, and outsourcing. Clients include Experian, Software Group, Tencent, and GoDaddy. The team is jointly led by Anna Rizova and Richard Clegg, who also co-head the firm’s corporate/M&A practice. Senior associate Jasmina Uzova has considerable expertise in structuring M&A transactions and commercial contracts in the tech sector. Yanitsa Radeva and Nikoleta Ratcheva are names to note.

Practice head(s):

Richard Clegg; Anna Rizova

Testimonials

‘Extremely professional, highly skilled, patient and easy to communicate with.  Working with Wolf Theiss is a joy.’

‘Richard Clegg and his team are highly responsive, very business minded and deal driven. Pleasure to work with.’

‘Excellent people to deal with.  Their advice is timely, succinct and easily understood.’

Key clients

FactSet

Software Group

Fadata

Amdocs

Beazley

S&T AG

Experian

MSTS

Megaport

GroupSense

Tencent

Dispute resolution Tier 2

The ‘goal-oriented’ disputes resolution team at Wolf Theiss is experienced in the enforcement of claims won through arbitration and litigation, especially in the energy and banking sectors. The team is particularly active acting for renewable energy producers against the state. Anna Rizova, who focuses on cross-border matters and Radoslav Mikov, an energy specialist, jointly lead the practice. Senior associate Oleg Temnikov is another name to note.

Practice head(s):

Anna Rizova; Radoslav Mikov

Key clients

Axpo Bulgaria

Frea Axpo

ERG Renew

Generale Industrielle

Electrique SARL

Aresgas

IMS Health Technology

Sun Opta

Peek and Cloppenburg

Fadata

Bulstrad Vienna Insurance Group

Intellectual property Tier 2

Wolf Theiss handles the structuring of IP transfers during mergers and acquisitions, the IP aspects of franchising and distribution agreements, trade mark protection, and the acquisition and licencing of patented technologies. An  aspect of the firm’s work is the intersection of IP and labour law; the team advises on contracts that govern remuneration for employees’ intellectual property works. Anna Rizova and Richard Clegg jointly head the practice, while senior associate Hristina Dzhevlekova is a name to note.

Practice head(s):

Anna Rizova; Richard Clegg

Key clients

Fadata AD

Software Group

Eckes-Granini

S&T AG

Gramercy Emerging Markets Fund

ALSO Holding

Real estate and construction Tier 2

Wolf Theiss advises on all aspects of traditional real estate transactions, including title reviews, zoning, planning and development, easements and restitution issues and tax. The firm assists international clients to set up offices in Bulgaria – conducting due diligence on possible sites, advising on acquisitions, negotiating long-term lease agreements, and constructing complex servicing and maintenance contracts with landlords. Joint practice heads are Katerina Kraeva, who also jointly heads the banking and finance and corporate/M&A practices, and Anna Rizova, who also co-heads the corporate and commercial practice.

Practice head(s):

Katerina Kraeva; Anna Rizova

Key clients

Arco Capital Corporation

United Bulgarian Bank

Raiffeisen Bank

Alu König Stahl GmbH

Gramercy Emerging Markets Fund

HedgeServ

Concentrix

FactSet

WorldQuant

Strabag

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
Competition/antitrust Anna Rizova
Intellectual property Anna Rizova
Dispute resolution Radoslav Mikov
Employment Anna Rizova
Energy and infrastructure Anna Rizova
Energy and infrastructure Radoslav Mikov
Corporate/M&A Richard Clegg
Real estate Katerina Kraeva
Regulatory and procurement Anna Rizova
Tax Richard Clegg
Tax Katerina Kraeva
Telecommunications Richard Clegg
Photo Name Position Profile
Mr Richard Clegg  photo Mr Richard Clegg
Ms Hristina Dzhevlekova  photo Ms Hristina Dzhevlekova
Ms Katerina Kraeva  photo Ms Katerina Kraeva
Mr Radoslav Mikov  photo Mr Radoslav Mikov
Ms Katerina Novakova  photo Ms Katerina Novakova
Ms Anna Rizova  photo Ms Anna Rizova
Mr Oleg Temnikov  photo Mr Oleg Temnikov
Ms Jasmina Uzova  photo Ms Jasmina Uzova
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’.


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 25% female partners, one of them within our management board, and 53% of our senior lawyers 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. Innovation initiatives at our firm are driven by female talent. We also encourage our lawyers to spend part of their daily work on firm-wide non-billable initiatives. 

 

Wolf Theiss is proud to have been recognised as “Best in Austria” at the European Women in Business Law Awards 2019, 2018, 2017, 2016, 2015, 2014, 2013 & 2012, “Best in Croatia” at the European Women in Business Law Awards 2019, 2018, 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.