Mr Roman Stoyanov > Penkov, Markov & Partners > Sofia, Bulgaria > Lawyer Profile

Penkov, Markov & Partners
1113 SOFIA


Partner, Practice areas: Administrative Law, Commercial and Corporate Law, Pharmaceutical Law, Customs Law, Litigation and Arbitration, Mergers & Acquisitions


Penkov, Markov & Partners – Attorney, 2000-2007; Partner, since 2007, Customs Agency, Customs Office Pernik – In-house Counsel, 03.1999 – 02.2000, Euroservice TANDER OOD – In-house Counsel, 09.1998 – 02.1999, Pernik Dsitrict Court – Internship Judge, 02.1998 – 02.1999, Foundation Management Program, Lex Mundi Institute, Monterey, CA, 2008


Bulgarian, English


Sofia Bar Association


South Western University, 1997, Master in Law

Lawyer Rankings

Bulgaria > Healthcare and life sciences

Penkov, Markov & Partners advises on the requirements and conditions for conducting clinical trials for medicines and medical devices for manufacturers and the hospitals where the trials are to be conducted. The team also advises on commercial and regulatory matters for clients in the sector, covering data protection, competition and marketing issues, National Health Insurance Fund reimbursement, licensing, and distribution agreements. Vladimir Penkov and Roman Stoyanov, who advises on contentious matters, jointly lead the team.

Bulgaria > Energy and natural resources

The energy and natural resources practice at Penkov, Markov & Partners has handled major deals in the sector; in 2019, the team advised ČEZ on the planned sale of its Bulgarian assets to Eurohold. The firm has notable expertise in renewable energy feed-in pricing, having acted for manufacturers seeking to sell energy, generated as a by-product of waste-processing, back into the grid. In this vein, the firm counts over 60 renewable energy producers among their clients, and has represented them in compensation claims against the regulatory authorities after a change to feed-in tariffs enacted, and declared unconstitutional in 2014. The practice is jointly led by Vladimir Penkov, Roman Stoyanov, Nikolay Cvetanov and Atanas Valov.

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.