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 provides a comprehensive service to lenders, borrowers and investors, with an active practice in niche disciplines, such as e-money, financial compliance and fintech. The firm is sole adviser to MoneyGram in Bulgaria, and also lists the European Bank for Reconstruction and Development among its clients. The strong team comprises name partners Vladimir Penkov and Ivan Markov, while Nikolay Cvetanov takes the lead in many of the key mandates and there is a talented pool of associates in support.

Bulgaria > TMT

Penkov, Markov & Partners acts for international companies and start-ups in the fields of e-commerce, Fintech, AI, cybersecurity and software and hardware development, among others, as well as significant players in the telecoms sector. Clients include Bulgaria’s first virtual telecom, V Mobile, and Uber; the firm advised the latter not only on corporate matters but also on its software development entity. Managing partner Nikolay Cvetanov heads the practice with a strong focus on digital matters. Associate Asen Apostolov is another key member of the team.

Bulgaria > Commercial, corporate and M&A

National firm Penkov, Markov & Partners has the geographical spread to provide high-calibre advice to a broad range of industries. Ivan Markov, co-head of the practice alongside firm managing partner Nikolay Cvetanov, is leading advice to ČEZ on the protracted sale of its Bulgarian subsidiaries to a Bulgarian investment company, the largest transaction in the energy sector in a decade. Departures within the team include associate partner Yura Mincheva to Ernst & Young and partner Alexander Stefanov to his own practice.

Comparative Guides

Bulgaria: Data Protection & Cyber Security April 2021 This country-specific Q&A provides an overview to Data Protection & Cyber Security laws and regulations that may occur in Bulgaria.