Mr Nikolay Cvetanov > Penkov, Markov & Partners > Sofia, Bulgaria > Lawyer Profile

Penkov, Markov & Partners handles a range of regulatory issues in the banking space, as well as M&A and compliance mandates, and advises financial and credit institutions, e-money and payment entities and providers on financial matters. The banking and finance department has been assisting Viraj Group on the negotiation of a factoring agreement with Allianz Bank. Praised as ‘a leading banking law practitioner’, Vladimir Penkov heads the practice alongside Ivan Markov and Nikolay Cvetanov, who is the key contact for longstanding client MoneyGram in Bulgaria.

Penkov, Markov & Partners counts leading telecoms in Bulgaria, as well as international companies and start-ups operating in the field of e-commerce, fintech, software and artificial intelligence, among its key list of clients. Managing partner Nikolay Cvetanov leads the practice group and focuses on personal data protection and cybersecurity mandates. Notable clients include Uber and Booking.com; the team provides ongoing advice to both on regulatory issues related to e-commerce and other matters. Associate Rumyana Yordanova is also a key member of the practice.

Penkov, Markov & Partners brings ‘together expertise from all practice areas to resolve complex issues’ when acting for clients across sectors including energy, technology and real estate on domestic and cross-border M&A transactions. Name partners Vladimir Penkov and Ivan Markov jointly lead the practice alongside managing partner Nikolay Cvetanov. Markov and Cvetanov advised ČEZ on the closing of the sale of its Bulgarian subsidiaries to Eurohold for €335m. Key members of the team also include partners Roman Stoyanov and Atanas Valov.