Mr Vladimir Penkov > Penkov, Markov & Partners > Sofia, Bulgaria > Lawyer Profile

Penkov, Markov & Partners
1113 SOFIA

Work Department

Chairman of the Consultative Board and Senior Partner


Chairman of the Consultative Board and Senior Partner: Banking & Finance, Corporate Law and Commercial Contracts, Competition, Privatization and Foreign Investments, Investment Management, Mergers and Acquisitions, Project Finance, Public Procurement, Licensing and Know-How Agreements, Tax Law, Telecommunications, Media & IT, Energy Law and Renewable Energy Sources


Penkov, Markov & Partners – Founder in 1990; Penkov, Markov & Partners – Managing Partner 1990-2017; Chairman of the Consultative Board of Penkov, Markov & Partners since 2017;Bulgarian Telecommunications Company AD – Member of the Managing Board, 2007-2008, Chairman of the Supevisory Board, 2008 – 2013 and reelected as Chairman since 2014; NIKAS Bulgaria AD – Member of the Board of Directors, 2009 – 2012; Arbitration Court at the BCCI – Arbitrator since 1999; BCCI – Member of Managing Board since 1993 and Vice President, 1999 – 2006; Zagorka AD – Member of the Board of Directors,1998 – 2006 and Executive Director, 2000 – 2002; Ministry of Foreign Economic Relations – Head of Division „Austria and Switzerland“, 1989 – 1990; Technica Foreign Trade Organization – Chief Legal Counsel, 1987 – 1989; Ministry of Foreign Economic Relations – Legal Counsel and Senior Legal Counsel, 1979 – 1987; Sofia City Court – Intership as a judge, 1976 – 1977


Bulgarian, German, English


Member of the Managing Board of the BCCI, since 1993; Chairman of the Investment – Taxation Council with the BCCI, 2004 – 2006; Former Member of the Bulgarian National Group with the International Association for Intellectual Property Protection; Former Member of the Managing Board of BIBA (Bulgarian International Business Association); Founder and former President of the first Lions Club in Bulgaria – Lions Club, Sofia; Member of the Managing Board of Tulip Foundation, since 2009, Member of Sofia Bar Association.


Sofia University St. Kliment Ohridski – Master in Law, 1976; Economic University, Karlshorst, Germany 1970 – 1972

Lawyer Rankings

Bulgaria > Energy and natural resources

Penkov, Markov & Partners demonstrates full-service capability in the energy sector and handles high-stakes litigation and corporate matters for some key industry players. The latter include Czech electricity distributor CEZ, which the firm continues to advise on the protracted sale of its Bulgarian subsidiaries. The firm also handles regulatory issues and project development of new electricity and gas capacities and supply sources, among other matters. Vladimir Penkov , Atanas Valov and recent hire Nikolay Voynov comprise a versatile leadership team.

Bulgaria > Intellectual property

Penkov, Markov & Partners supports its tier-one corporate and commercial practice with strong IP capability. Senior associate Smilena Hrusanovaprovides outstanding service with regard to IP‘ and co-leads the practice alongside name partner Vladimir Penkov, who has expertise in trade mark enforcement and protection. Beyond transactions, the firm handles significant investigations and disputes in relation to patent and copyright issues, and industrial design. The team is noted as ‘very proactive and efficient, and always willing to go the extra mile.’

Bulgaria > EU and competition

Penkov, Markov & Partners has a track record of top-end transactions, disputes and compliance for a high-calibre client base. Notably, it acted for energy giant CEZ in the headline sale of its Bulgarian assets to Eurohold, which finally received competition approval from the CPC in October 2020 following two in-depth enquires by the regulator. Vladimir Penkov and Smilena Hrusanova both provided competition advice to CEZ. Senior associate Hrusanova replaced Yura Mincheva as joint head of the practice after the latter moved to Ernst & Young.

Bulgaria > Banking, finance and capital markets

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.