Mrs Milena Gaidarska > Penkov, Markov & Partners > Sofia, Bulgaria > Lawyer Profile

Penkov, Markov & Partners
1113 SOFIA


Partner; Practice areas: Real Estate Transactions, Development and Construction, Commercialisation of Retail, Residential and Office Space, Financing and Securitisation of Real Estate Projects, Mergers & Acquisitions, Public Procurement.


Penkov, Markov & Partners – Partner since 2007; Penkov, Markov & Partners – Lawyer, 1999-2007; Penkov, Markov & Partners – Trainee, 1997-1999; Sofia City Court – Law Clerk, 1998 – 1999.


Bulgarian, English, Spanish


Sofia Bar Association


Sofia University St. Kliment Ohridski, 1997, Master in Law

Lawyer Rankings

Bulgaria > Real estate and construction

(Leading individuals)

Milena GaidarskaPenkov, Markov & Partners

Penkov, Markov & Partners advises on high-value commercial real estate projects and transactions, with a particular focus on challenging zoning and cadastral maps and facilitating clients with permission grants and construction licences. As well as advising on transactional matters, practice head Milena Gaidarska is experienced in leading complex negotiations between both private companies, and between companies and municipal authorities. Atanas Valov advises on structuring lease agreements on behalf of both landlords and tenants, and has experience in real estate litigation and disputes concerning restitution and zoning.

Bulgaria > Commercial, corporate and M&A

Penkov, Markov & Partners has recently handled high-value transactions for sellers in the energy, retail, and financial services sectors, and is advising buyers on M&A deals in the IT, manufacturing, and food production industries. A core focus of the team is structuring complex and robust SPAs in post-merger processes: in 2019, the firm advised on the post-closing arrangements of one of the largest transactions in Bulgaria in recent years – the sale of 100% of the equity interest of the Paradise Center Mall for €253m. Vladimir Penkov and Alexander Stefanov, who is ‘exemplary in his professional knowledge’, lead the practice. Atanas ValovRoman Stoyanov, Milena Gaidarska and Yura Mincheva are other key names.