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

Penkov, Markov & Partners
1113 SOFIA


Managing Partner; Practice areas: Commercial law, Banking & Finance, Litigation, Corporate Law, Commercial Contracts, Financial projects, Tax law.


Penkov, Markov & Partners – Managing Partner, since 2020; Penkov, Markov & Partners – Partner, since 2017; Chairman of the Managing Board of the Bulgarian Association for Responsible Non-Banking Crediting since September, since 2015; Penkov, Markov & Partners – Junior Partner, since 2014; Penkov, Markov & Partners – Attorney-at-law,  since 2008; Varadinov & Co – Attorney-at-law, 2007 – 2008; Chernev, Komitova & partners – Trainee, 2006 – 2007; Eurocom cable AD – Assistant law department, 2005 – 2006; Bulgarian center for non-profit law -Trainee, 2003 – 2004.


Bulgarian, English.


Sofia Bar Association


Sofia University St. Kliment Ohridski, Sofia, Master in Law

Lawyer Rankings

Bulgaria > Banking, finance and capital markets

(Leading individuals)

Nikolay CvetanovPenkov, Markov & Partners

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.

Bulgaria > TMT

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; 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.

Bulgaria > Commercial, corporate and M&A

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.