Penkov, Markov & Partners > Sofia, Bulgaria > Firm Profile
Penkov, Markov & Partners Offices
IZTOK DISTRICT, TINTYAVA 13B
FLOOR 6
1113 SOFIA
Bulgaria
Penkov, Markov & Partners > The Legal 500 Rankings
Bulgaria > Commercial, corporate and M&A Tier 1
Penkov, Markov & Partners has a ‘highly knowledgeable and dedicated’ corporate and M&A team that is active in the energy, real estate and insurance sectors, where they advise clients on cross-border M&A transactions and general corporate questions, with a sector specific expertise. The team is jointly headed by founding partners Vladimir Penkov , who brings with him extensive transactional expertise and Ivan Markov who is well versed in corporate and commercial matters. The third practice head is Nikolay Cvetanov, who advises banking and TMT clients on private transactions, M&A and compliance matters.Practice head(s):
Vladimir Penkov; Ivan Markov; Nikolay Cvetanov
Other key lawyers:
Roman Stoyanov; Boris Lazarov; Milena Gaidarska; Boris Strijlev; Tihomir Tishev
Testimonials
‘Nikolay Cvetanov displays an exemplary level of leadership and expertise. His standout qualities include his promptness and diligence in addressing our needs, as well as his deep understanding of the unique objectives of our business. His proactive and insightful approach has set him apart from competitors.’
‘Nikolay Cvetanov, Ivan Markov and Tihomir Tishev were not only prompt and diligent but also displayed an unparalleled level of commitment to our cause. They took the time to thoroughly understand the specific objectives and means of our business, offering invaluable recommendations that were seamlessly incorporated.’
‘Milena Gaidarska participates in all negotiations and planning of deal structures and has extensive experience in this field. In addition, she knows our business well and always prepares suitable solutions.’
‘Boris Strijlev works on negotiations on and drafting of commercial contracts. We are very happy with his work in this sphere, and he is a trusted colleague.’
‘Penkov, Markov & Partners have a solid M&A team and a lot of professionals in the sphere, who prepare the documentation diligently, efficiently and fast.’
‘Penkov, Markov & Partners are truly “More than corporate attorneys.”‘
‘The team is responsible, flexible and acting in very professional way.’
‘The team’s strengths and key capabilities include extensive experience in a variety of practice areas, such as commercial law, litigation, real estate, employment law, and intellectual property. The lawyers at Penkov Markov are highly knowledgeable and dedicated.’
Key clients
FIDELIS RESEARCH AD
Vienna Insurance Group
STAMH LTD
PAC Doverie AD
Peltina OOD
Karelia Bulgaria EOOD
Granitoid AD
MVB Truck and Bus Bulgaria EAD
ABBA
Cancham
Tiger Technology AD
Arteks Engineering AD
Mondi Stambolijski EAD
Zagorka AD (part of Heineken Group)
BA Glass Bulgaria AD
4SMART OOD
GD Capital Management AD
Infinity Capital AD
Klett Lernen und Information
Mania Team AD
Unilink S.A.
Niko – 99 Jordanka Todorova EOOD
MINSTROY HOLDING AD
Eurostar EOOD
PIERRE FABRE BULGARIA EOOD
Atland Investment AD
Work highlights
- Advised the shareholders of Fidelis Research AD on the sale of the registered capital to BioIVT, part of Linden investment Group.
- Advised Global Biomet on one of the largest local solar projects for acquisition and development of above 100MW PV plant, with market value of the investment of circa EUR 100,000,000.
- Advised Unilink Bulgaria EOOD and I&G Insurance Brokers OOD on the EUR 35,000,000 acquisition of SDI Group AD.
Bulgaria > Real estate and construction Tier 1
Penkov, Markov & Partners' wide-ranging real estate and project development practice encompasses advice on high-profile real estate construction projects, including luxury real estate developments, major transactions, the acquisition of land for energy infrastructure, and real estate litigation. Milena Gaidarska is frequently instructed on major construction projects, in which she completes due diligence reports, gives administrative support and secures permits from the relevant authorities. Atanas Valov is another key practitioner in the team and is an ‘established and well-known name in this field’.Practice head(s):
Milena Gaidarska
Other key lawyers:
Atanas Valov; Boris Strijlev
Testimonials
‘Milena Gaidarska is an exceptional professional with huge knowledge of the market and the technical and legal side of the procedures. She is able to carry a big workload and to manage and oversee projects efficiently. She is our most trusted advisor.’
‘We work mainly with Atanas Valov. He shows diligence, fast thinking, good negotiation skills and the ability to convince the counterparty and overcome their arguments. Milena Gaidarska shows significant knowledge of the regulatory framework regarding the construction process. She is also very experienced in property management matters. Boris Strijlev is well-prepared on our matters, hard-working and responsive.’
‘The team at Penkov, Markov & Partners, and especially Atanas Valov and Milena Gaidarska, are very smart, cooperative and experienced professionals. Atanas demonstrates exceptionally deep knowledge. He is well prepared, has great knowledge of the legislation and reacts quickly.’
‘Penkov, Markov & Partners is perhaps the top real estate legal provider in Bulgaria. We are confident that in complex legal cases they are able to come up with really clever and workable solutions by thinking outside the box.’
‘Atanas Valov has already acquired a great deal of experience and is established as a well-known name in this field. Milena Gaidarska is one of their excellent experts in real estate law who we rely on a lot. Another key team member of theirs is Boris Strijlev, who provides high-quality and very helpful legal support.’
‘The team is very dedicated and punctual. These are very important strengths when it comes to real estate restitution claims in Bulgaria.’
‘In the field of real estate, we work with Atanas Valov. He is very responsible, hardworking and customer oriented.’
‘We have received excellent services and results from Penkov, Markov and Partners, which usually surpass our expectations. The team are highly educated, motivated to solve problems and experienced. All our questions are answered, communication is excellent, and their strategy is smart.’
Key clients
Arteks Engineering AD
Infinity Capital AD
Magna MK EOOD
Nadezhda Home EOOD
Primo Plus EOOD
Kamsar Ink OOD
Enikom-Sofia-Sever EOOD
GD Capital Management AD
Mach More OOD
Eurostar OOD
CEP Renewables SL
P&O Real Estate OOD
Borovete 1 AD
Global Biomet EOOD
Luxury Real Estate EOOD
Arteks Zlaten Vek OOD
Artstroy Group
4Smart OOD
NV Create Building EOOD
BG Nova AD
Zagorka AD
Klett Bulgaria OOD
Kare Bulgaria LTD
Glorient Investment BG OOD
APK Brezovo OOD
BG Plant OOD
Imelius OOD
Speedway EAD
Work highlights
- Advising a public company on a major acquisition of a company which owns a large number of plots of land located on the coast.
- Advising Arteks Zlaten Vek OOD on all legal matters related to the completion of the construction of the Golden Age project, with a total budget in the amount of EUR 100,000,000.
- Advising Magna MK EOOD on the development of a skyscraper, designated for multifunctional purposes (including offices, a residential park and a hotel).
Bulgaria > Banking, finance and capital markets Tier 2
The ‘knowledgeable and experienced’ team at Penkov, Markov & Partners works with various financial and credit, e-money and payment institutions on a wide array of regulatory issues. Practice co-heads Nikolay Cvetanov and Ivan Markov have extensive experience in the field of banking and finance and capital markets.Practice head(s):
Nikolay Cvetanov; Ivan Markov
Other key lawyers:
Vladimir Penkov; Milena Gaidarska; Asen Apostolov
Testimonials
‘We have very good cooperation with the team as our long-term lawyers. They have long-term experience both in private and bank financing and help with structuring negotiations and security packages. We always recommend them to our partners when they seek legal advice.’
‘Milena Gaidarska is familiar with the conditions and requirements of the major banks in the sector and also knows their senior legal and financial officers which speeds up and facilitates the negotiations and closing of the deals. She is very reputable and easy to work with.’
‘They are patient, professional, rigorous. We had a great cooperation with Ivan Markov.’
‘Their law office has a very experienced financing team with coverage of any type of financing. They have done some very big deals in the sector and their name also helps facilitate the closure of financings, as the counter-parties consider them reliable and professional lawyers that aim to make a deal and not to delay it.’
‘Nikolay Cvetanov is the leading lawyer – knows the sector very well, analyses the case at hand not only from legal, but also from business perspective. Regularly applies innovative approach as regards various legal matters.’
‘The team leader – Nikolay Cvetanov is a lawyer we have worked with for many years and we are more than satisfied with the service provided. He is well known in the sector, very knowledgeable and knows the market perfectly. We always receive business wise advice from him which is paramount for our company. In terms of organizing the work under assignments he is second to none.’
‘Asen Apostolov is very knowledgeable, responsive, pays attention to every detail and we feel we are in safe hands with him.’
‘Asen Apostolov is very efficient, has a very good knowledge on the legal framework and the latest developments.’
Key clients
Allianz bank bulgaria ead
Binance
Zai
Atbih
Pac doverie
Paynetics ad
Arteks engineering ad
Moneygram international
Eurostar eood
Infinity capital ad
Gurmazovo house eood
Netcredit
China development bank
Multitude bank p.l.c.
Unilink s.a.
Pfs card services ireland / eml payments
Ferratum bulgaria eood
Work highlights
- Advised Allianz Bank Bulgaria AD in relation to their factoring model, including innovative provision of the service through a mobile application.
- Advised Binance on variety of matters, including the applicability of the new Regulation (EU) 2022/858 on Distributed Ledger Technology Market Infrastructures (“the DLT Regulation”).
- Advised ATBIH GmbH on the sale of a minority stake (less than 10%) in the capital of the biggest Bulgarian Pension Fund – Doverie.
Bulgaria > Dispute resolution Tier 2
Penkov, Markov & Partners houses an experienced litigation and arbitration practice, that covers civil and administrative law matters, among them energy litigation, real estate and construction disputes and commercial litigation and arbitration. Atanas Valov leads the practice and advises on all manner of disputes, often appearing before Bulgaria’s highest courts. Pavel Tsanov further strengthens the team in the area of insolvency proceedings while Anelia Licheva, who joined the firm in January of 2023, is involved in arbitration work and commercial disputes.Practice head(s):
Atanas Valov
Other key lawyers:
Pavel Tsanov; Anelia Licheva; Vencislav Semkov; Boris Strizhlev
Testimonials
‘Outstanding lawyers with great expertise and full commitment to the matter. Highly recommendable!’
‘Penkov, Markov & Partners are experts in Dispute resolution and litigation.’
‘I can confidently say that Penkov, Markov & Partners are one of the most dedicated and hardworking team I have had the pleasure of working with. Their professionalism and work ethic are unparalleled, and they consistently go above and beyond to ensure that projects are completed on time and to the highest standard.
‘I have worked closely with Pavel Tsanov and Vencislav Semkov. In their work they show great research skill, analytical skills, persuasive skills and communication skills.’
‘PMP‘s litigation team is developing rapidly and is quite strong. Our business needs litigation services in the areas of legal representation and disputes in commercial, employment and administrative matters and we definitely get the legal service we need from PМP. They take their cases very seriously and very often succeed in court.’
‘Boris Strizhlev has an excellent theoretical background and has been very successful in drafting documents and outlining legal strategy for our cases.’
‘They have fast-growing litigation team that covers a lot of areas. We have used their services for labor disputes, real- estate disputes, commercial disputes with our contractors and for zoning and urban planning related issues.’
‘Their team lead Atanas Valov is very good at court, he impressed us during the open hearings and the way he handled numerous procedural tricks of the other party. We can fully recommend him for commercial, construction and administrative litigations. Anelia Licheva, a new addition to their team from this year, also shows a lot of promise and entered the case with care for the details. Pavel Tsanov also assisted us on some commercial disputes and impressed us with his diligence, good negotiation skills for court settlements and confidence in the court room.’
Key clients
Berlin-Chemie AG
Ferratum Bulgaria EOOD
PSS CONSTRUCTION AD
Martankship EOOD
Vintehprom AD
Dana Bulgaria EOOD
ZAI AD
Euro Alliance Engineering EAD
Niko-99 Jordanka Todorova EOOD
Rent-a-car City Sofia EOOD
Energy MT EOOD
Marvik Pastrogor EOOD
Sicilsaldo S.p.A.
Enprom EOOD
Click Pack sp.z.o.o
Sella Commerce EOOD
DNV GL SE
Allianz Bank Bulgaria AD
Coca Cola Hellenic Bottling Company Bulgaria EAD
Global Biomet EOOD
Autotechnika EOOD
NETCREDIT OOD
BA Glass Bulgaria AD
Glorient Investment BG OOD
Arteks Engineering AD
Kamsar Ink OOD
Zagorka AD
Work highlights
- Representing Berlin-Chemie AG as claimant before Sofia City Court in a trademark infringement case regarding parallel import of medicines where the parallel importer replaces the original trademark of the product with a trademark of our client.
- Representing DNV GL SE as defendant in a lawsuit initiated by the successors and relatives of deceased Bulgarian citizens during a tragic boat accident in 2009 with a value of the claims for moral damages exceeding EUR 5,000,000.
- Representing PSS CONSTRUCTION AD both as claimant and defendant before the Arbitration Court at the Bulgarian Chamber of Commerce and Industry under several claims with a value of circa BGN 3,000,000, related to the performance of a construction contract against the owner of a luxurious hotel in the heart of Sofia.
Bulgaria > Energy and natural resources Tier 2
Penkov, Markov & Partners is ‘well-known as leading consultants’ in the energy and natural resources sector, where the team has a proven track record advising on energy related project development, for example renewable energy systems (RES) or PV projects and infrastructure, energy related litigation as well as having a hand in the development of legislation in the sector. Vladimir Penkov has extensive knowledge in energy law; Nikolay Voynov specialises in cross-border energy projects and Atanas Valov advises power generation and distribution companies - combined they lead the team.Practice head(s):
Vladimir Penkov; Nikolay Voynov; Atanas Valov
Other key lawyers:
Testimonials
‘The team has a very deep knowledge in the water regulation of hydro power plants. They are always accessible and ready to listen to our problems, even if we have to make an emergency call on short notice. They deliver quick solutions which work in our favor.’
‘They have very significant experience with renewable energy and are one of the most recognised offices in the market in this niche.’
‘The negotiations, the due diligence and the whole deal were led by Atanas Valov, who aside from his real estate knowledge has also significant experience with solar energy. He has been vital for saving the deal on a few crucial moments and showed pragmatism, problem-solving approach, and mediation skills in order to achieve our goals. Nikolay Voynov, who is very prominent member of their Energy team, helped on the regulatory matters and the communication with the grid operator, where he showed high level of professionalism.’
‘Since the beginning of the development of the renewable energy in Bulgaria, Penkov, Markov & Partners have become well-known as leading consultants in that field. In the past years their team successfully participated in the realization of many projects and supported the ongoing business of others. Among other things, they also have excellent team of experts who are constantly active in public discussions on the energy development of the country.’
‘Atanas Valov is also very helpful to us in the field of energy law services. Apart from his experience in the energy related litigation, he also became a well-known practitioner in the advisory of ongoing energy projects. Nikolay Voynov, a well-known energy expert in the country, supported us many times by providing compliance and regulatory advisory services.’
‘Penkov, Markov and Partners consists of highly experienced, smart and capable individuals with in-depth knowledge and expertise in the field of Energy and natural resources.’
‘We’ve worked with Atanas Valov and Pavel Tsanov and we highly recommend them – both very intelligent and capable professionals, always available and ready to help and answer all of our questions. It is a great pleasure to work with them.’
Key clients
EURA Energy (subsidiary of Eurowind Energy and Renalfa)
Mondi Stambolijski EAD
Zlatna Panega Cement AD
Energy MT EOOD
Knauf Bulgaria EOOD
Eurowind Energy A/S (former EnergiMidt Renewables A/S), Denmark
Minstroi Holding Group
Aenerg Group
Solar group
Global Biomet EOOD
Akuo Energy
GD Capital Management AD
Marvik Pastrogor EOOD
Dana Bulgaria EOOD
CEP Renewables SL
AGRIA AD
CHINA DEVELOPMENT BANK
Eurostar OOD
Work highlights
- Advised EURA Energy on the development of a photovoltaic plant project with a total capacity of 237 MW (with a potential for increase to up to 320 MW) near the village Tenevo.
- Advised more than 60 RES producers on tort cases against the state for unlawfully collected fees with a total value of more than EUR 5,500,000.
- Advised one of the leading Bulgarian electricity traders Energy MT on the appeal against the regulator’s decision for imposition of fine under the first REMIT case in Bulgaria on alleged market manipulation according to the provision of Art. 5 of REMIT.
Bulgaria > EU and competition Tier 2
Penkov, Markov & Partners advises on merger control clearance matters for high-profile mergers and acquisitions, most recently in the insurance sector for client Unilink S.A., who they represented before the Commission for the protection of Competition regarding the acquisition of SDI Group. The team is adept in all areas of unfair competition and procedural representation before Bulgarian courts. The team is jointly led by chairman Vladimir Penkov who has more than 20 years’ experience in the field of competition law and Smilena Hrusanova who is well versed in complex transactions and the related merger clearance proceedings. The team also includes key practitioner Vencislav Semkov .Practice head(s):
Vladimir Penkov; Smilena Hrusanova
Other key lawyers:
Vencislav Semkov; Ivan Markov
Testimonials
‘Compared to other companies I have worked with, the team is much wider and with expertise in every possible area. We have worked on many different projects and every time the support was on time and with strong expertise level. Communication is easy going and effective.’
‘Vladimir Penkov is a great leader taking participation in every project to ensure the quality and the scope of the preparation to be on the best possible level.’
‘Outstanding lawyers with great expertise and full commitment to the matter. Highly recommendable!’
‘Penkov, Markov are highly competent and try to stick to the agreed deadlines. They have a lot of experience in the Bulgarian market, so they know the specifics quite well. They provide highly practical suggestions to topics raised to them.’
‘Ivan Markov and Smilena Hrusanova are top experts in competition law.’
‘Very professional, very precise and very easy in the communication. A strength of the practice is that they have specialized people for the different fields of law and needs of the client.’
‘The level of proficiency is very high. One can fully trust the advice given by the people and the practice.’
‘The team of Penkov, Markov & Partners demonstrated exceptional qualities that set them apart in the legal industry. Some of their main strengths and key capabilities include their expertise and specialization, their client-centric approach and strong communication skills.’
Key clients
Unilink S.A.
Klett Bulgaria
ENICOM-M
Heineken Group and Bulgarian subsidiary Zagorka AD
Pierre Fabre Bulgaria EOOD
Mania Shops
Correct Consulting Ltd and SM Control Ltd.
Xella Bulgaria EOOD
Coca Cola Hellenic Bottling Company Bulgaria AD
EMKO EOOD
MVB Truck and Bus Bulgaria AD
Andreas Stihl EOOD
Knauf Bulgaria EOOD
Berlin Chemie AG
Work highlights
- Advising Unilink S.A. on the merger control clearance before CPC regarding the EUR 35,000,000 acquisition of SDI Group (the largest insurance broker in Bulgaria) by its Bulgarian subsidiary – Unilink Bulgaria EOOD.
- Advised Andreas STIHL EOOD on the competition aspects of the termination of its selective distribution agreement with one of its main distributors in Bulgaria with a potential exposure of circa EUR 1,470,000.
- Advising Berlin Chemie AG on a dispute with a Bulgarian company regarding parallel import of medicines where alleged artificial partitioning of the internal EU market is invoked by the parallel importer.
Bulgaria > Healthcare and life sciences Tier 2
Penkov, Markov & Partners is well versed in advising on the regulations surrounding medicinal products, clinical trials, the distribution of food supplements and healthcare products, enabling the team to assist clients ranging from small domestic companies through to multinational players with day-to-day matters. Roman Stoyanov leads the practice and extends the team's offering to include representation in pharma litigation and healthcare-related disputes.Practice head(s):
Roman Stoyanov
Other key lawyers:
Ana Krusteva; Tihomir Tishev
Testimonials
‘Outstanding lawyers with great expertise and full commitment to the matter. Highly recommended!’
‘Roman Stoyanov is excellent to work with – he is always reachable and has very deep knowledge of the pharmaceutical sector.’
‘They are proactive – for any problem they offer you a range of solutions and help you understand which is the best one for you. They help with problem solving and give quick and competent feedback.’
‘I haven’t needed to work with other firms because I have already found the best working with Roman Stoyanov.’
‘Penkov, Markov & Partners is a very trusted and reputable legal firm. They manage to nurture the client relationship and provide not only legal assistance to our company, but also help us with some private matters. That is why we always recommend them.’
‘Roman Stoyanov provides top-quality legal advice and expertise. Ana Krusteva combines IP expertise with great knowledge of the healthcare industry, thus meeting all of our business needs. Tihomir Tishev is a young member of the team, but demonstrated prominent skills in the sphere.’
‘Penkov, Markov and Partners went above and beyond to provide me with exceptional legal support. They were always accessible and responsive to my questions. They provided me with insightful advice that not only addressed my immediate needs but also ensured long-term compliance and success for my business. I recommend their services to anyone in need of top-tier legal representation in this field.’
‘Roman Stoyanov is a highly skilled lawyer, providing on-point legal advice. His legal expertise is truly remarkable, and he demonstrated a deep understanding of the intricacies of my cases.’
Key clients
Pierre Fabre Bulgaria EOOD
Berlin-Chemie/A. Menarini Bulgaria EOOD
Berlin-Chemie AG/A. Menarini Research & Business Service GmbH
Fresenius Medical Care Bulgaria EOOD
SMTL Puldin Ltd.
NaturProdukt OOD
InnoPharma S.r.l., International Clinical Research Organization (CRO) and its Bulgarian subsidiary InnoPharma International BG
Anji Pharmaceuticals
Avanir Pharmaceuticals Inc.
Convex EOOD
Fidelis Research AD
UniBiomed OOD
Work highlights
- Advising Fidelis Research AD on the complex requirements of its assignors and of medical institutions, from both a legal and ethical perspective, in view of the lack of regulatory framework for the conduct of collecting and performing of analyses of biospecimens for research purposes.
- Represented Naturprodukt OOD in proceedings before the National Council for Self-Regulation over allegations made by a competitor of violation of the rules on the advertising of food supplements.
- Assisted Naturprodukt OOD with the launch of a new product line containing cannabidiol.
Bulgaria > Intellectual property Tier 2
Software, consumer goods and pharmaceutical companies are just some of the clients that Penkov, Markov & Partners supports in IP matters, among which are industrial property infringements, copyrights and neighbouring rights issues, as well as representing clients in proceedings before the Bulgarian Patent Office and the European Union Intellectual Property Office. Smilena Hrusanova is well versed in complex infringement cases and frequently acts for her clients before the courts and arbitration bodies. Ana Krusteva is also a standout member of the team.Practice head(s):
Smilena Hrusanova
Other key lawyers:
Vladimir Penkov; Ana Krusteva
Testimonials
‘Throughout our engagement, the team at PMP consistently demonstrated a high level of professionalism and responsiveness. Their promptness in returning emails and phone calls, as well as their willingness to address my concerns and answer my questions, made me feel like a valued client. What truly sets PMP apart is their ability to strategise and offer creative solutions.’
‘Ana Krusteva has in-depth knowledge of intellectual property laws and an ability to explain complex legal matters in a clear and understandable manner. Her guidance was invaluable, making sure that every step was taken with precision and attention to detail.’
‘Over the years we have developed a great partnership with Penkov, Markov and Partners and their dedication to our business is evident in all aspects of their work.’
‘Smilena Hrusanova has in-depth legal knowledge and is an exceptional professional. Ana Krusteva is highly experienced in the field of intellectual property, providing on-point legal advice.’
‘Ana Krusteva has a brilliant mind and is absolutely great to work with.’
‘They stand out for their diligence in understanding the client’s requirements, with prompt and clear communication skills that ensure clients are well informed.’
‘The team of Penkov, Markov & Partners provides the full range of legal services in the field of IP. They have proven to be very trustworthy, because they were able to meet all of our needs, deadlines and expectations.’
‘They are competent, fast and efficient.’
Key clients
The Coca Cola Company
Upton
TecAlliance
American Bulgarian Business Association
Pension Assurance Company Doverie/Vienna Insurance Group
Tiger Technology
Karelia Tobacco Company
Berlin-Chemie/A. Menarini
BuildeX
4smart
Wealthlock
Arteks Engineering
Our Home is Bulgaria Foundation
Production House Spirit
Naturprodukt
LD Marketing
Klett Publishing House
Titan Cement Company
Pierre Fabre
Skin Systems
Work highlights
- Advising TecAlliance on actions against seven infringers of the copyright over TecAlliance’s database for auto parts.
- Advising Berlin-Chemie/A. Menarani on a complex trade mark infringement dispute, regarding the parallel import of medicinal products done by a parallel importer replacing the trade mark of the imported product with a trade mark of the client.
- Acting for LD Marketing Solutions OOD in a dispute regarding the nullity of registered Community website designs.
Bulgaria > Projects and PPP Tier 3
The ‘fast, efficient and engaged’ projects and PPP team at Penkov, Markov & Partners is well versed in the acquisition of real estate projects, advising clients from the early stages of due diligence to the final drafting of commercial contracts. The team assists with projects across the commercial real estate, residential, logistics and energy infrastructure spheres. The team is headed by three of the firms’ leading lawyers: Milena Gaidarska, Nikolay Voynov and Atanas Valov.Practice head(s):
Milena Gaidarska; Atanas Valov; Nikolay Voynov
Testimonials
‘The partners we have worked with have always been highly engaged and available.’
‘The team is fast, efficient, engaged, knows the construction business and the urban development regulations in great detail and always helps to overcome the problems we face. We have built a trusting relationship, and we always recommend them to our partners when they seek legal advice.’
‘Milena Gaidarska is an exceptional professional with huge knowledge of the market, and the technical and legal side of procedures. She is able to handle a large workload of projects and to manage and oversee them efficiently. She is our most trusted advisor.’
‘Atanas Valov is proficient in the construction sector, with a lot of experience in infrastructure, energy connections, utilities and urban planning.’
‘We have worked with Penkov, Markov & Partners on several projects. They are very reputable on the real estate market and facilitate all our legal needs, acting promptly and with the ability to get to the details in each project.’
‘We fully trust PMP’s projects and PPP team. They have a large and experienced staff, and they develop young lawyers, building them up into very good professionals. They know how to work on big projects and how to outline the issues and the red flags. There is synergy between the team members with vast knowledge and young professionals with a great desire for development.’
Key clients
Tesmec Rail S.R.L.
Baringa Bulgaria
FGSZ Ltd.
Arteks Zlaten Vek OOD
Arteks Engineering AD
Global Biomet EOOD
Eura Energy AD
Magna MK EOOD
Infinity Capital AD
GD Capital Management
Eurostar OOD
P&O Real Estate OOD
CEP Renewables
Nadezhda Home
Mondi Stambolijski EAD
Mavrik Pastrogor EOOD
China Development Bank
Solar Vision OOD
APK Brezovo
Imelius OOD
Speedway EAD
Work highlights
- Advised Tesmec Rail S.R.L on a BGN 80,000,000 public procurement tender announced by the National Railroad Infrastructure Company.
- Advising Magna MK EOOD on the development of one of the tallest buildings in the Balkan Peninsula, designated for multifunctional purposes.
- Advising Arteks Zlaten Vek OOD on all legal matters related to the development of one of the highest skyscrapers in Sofia.
Bulgaria > TMT Tier 3
Penkov, Markov & Partners acts for various telecoms and mobile operators, IT, media and e-commerce companies and diverse start-ups, which it advises on the launch of new digital products and services, data protection and privacy issues, and compliance with Bulgarian and EU regulations. Nikolay Cvetanov leads the practice and excels in the areas of personal data protection, cybersecurity and fintech, and frequently advises start-ups. Boris Strijlev is another key member of the team.Practice head(s):
Nikolay Cvetanov
Other key lawyers:
Testimonials
‘I really appreciate Penkov, Markov & Partners’ attention to detail and also their creative approach.’
‘Very professional and helpful team.’
‘Excellent professionals.’
‘Strengths of the team include their personal attitude and willingness to understand the client’s needs. They look at the bigger picture, not only the individual case.’
Key clients
Tiger Technology AD
Naturpodukt
Wealthlock
Mebelmag
Izzi Platform, Klett Publishing house
Ferratum
Mondi Stambolijski
AdminSoft Plus
Association for Responsible Non-Banking Crediting
Nokia Solutions and Networks
Audi AG
Work highlights
- Advised Tiger Technology AD on the structuring of its relationship and contract base preparation for an assignment from Las Vegas Airport on the implementation of a specific innovative digital surveillance system.
- Advised Naturprodukt on the legal compliance of its online sales with the European Union acts and regulations being implemented into Bulgarian law.
- Advised Wealthlock on the organisation of its overall activity.
Penkov, Markov & Partners > Firm Profile
Established in 1990 Penkov, Markov & Partners is one of the first law firms in Bulgaria having nowadays one of the largest and most remarkable client portfolios and being respected both domestically and internationally.
The firm currently has approximately 40+ partners and associated members, several external legal consultants, 8 trainees, 12 assistants and staff members.
The firm publishes its own newspaper PMP Legal News, circulation 2200 (published in Bulgarian, English and German languages), also available on its website.
PM&P is a member of Lex Mundi, FLI Net and Lex Adria and is the first law firm in Bulgaria certified under the ISO 9001:2000 and later recertified under ISO 9001:2008 and ISO 9001:2015 standards.
In 2021 PM&P was awarded Superbrand of the year for the fifth time (2007, 2015, 2017, 2019) recognition for exceptional reputation of the trademark – Penkov, Markov & Partners.
Main Contacts
Department | Name | Telephone | |
---|---|---|---|
Commercial and company | Vladimir Penkov | ||
Mergers and acquisitions | Vladimir Penkov | ||
Mergers and acquisitions | Ivan Markov | ||
Litigation and arbitration | Vladimir Penkov | ||
Litigation | Atanas Valov | ||
Public procurement | Milena Gaidarska | ||
Taxation | Radost Georgieva | ||
Labour | Radost Georgieva | ||
Labour | Maria Pashalieva | ||
Real estate and project development | Milena Gaidarska | ||
Arbitration | Atanas Valov | ||
IT, media and telecommunications | Nikolay Cvetanov | ||
Competition and antitrust | Smilena Hrusanova | ||
Insolvency and bankruptcy | Ivan Markov | ||
Banking, finance and insurance | Vladimir Penkov | ||
Banking, finance and insurance | Ivan Markov | ||
Banking, finance and insurance | Nikolay Cvetanov | ||
Concessions | Vladimir Penkov | ||
Concessions | Ivan Markov | ||
Energy, RES and natural resources | Roman Stoyanov | ||
Intellectual property and trade marks | Vladimir Penkov | ||
Customs | Roman Stoyanov | ||
Pharmaceuticals | Roman Stoyanov | ||
Immigration | Maria Pashalieva | ||
Immigration | Vyara Tomova | ||
Commercial and company | Nikolay Cvetanov | ||
Consumer protection | Nikolay Cvetanov | ||
Litigation | Pavel Tsanov | ||
Energy, RES and natural resources | Nikolay Voynov | ||
Insolvency | Pavel Tsanov |
Lawyer Profiles
Photo | Name | Position | Profile |
---|---|---|---|
Mr Kristian Anadoliev | Attorney at law, Practice areas: Corporate and Commercial Law, Mergers & Acquisitions,… | View Profile | |
Mr Asen Apostolov | Attorney-at-law, Practice areas: Corporate and Commercial Law; Contract Law and Commercial Contracts,… | View Profile | |
Mr Ziya Choban | Real Estate & Construction, Personal Data Protection, Measures Against Money Laundering, TMT | View Profile | |
Mr Nikolay Cvetanov | Managing Partner; Practice areas: Commercial law, Banking & Finance, Litigation, Corporate Law,… | View Profile | |
Ms Patrizia Foffo | Corporate and Commercial Law, Obligations and Contracts Law, Labour Law, Civil Proceedings,… | View Profile | |
Mrs Milena Gaidarska | Partner; Practice areas: Real Estate Transactions, Development and Construction, Commercialisation of Retail,… | View Profile | |
Ms Radost Georgieva | Attorney at law; Practice areas: Company and Commercial law, Tax and Labour… | View Profile | |
Mrs Smilena Hrusanova | Attorney at law; Practice areas: Banking & Finance, Regulatory Permissions (CPC, FSC,… | View Profile | |
Mr Dimo Katrandzhiev | Personal Data Protection, Real Estate & Construction; | View Profile | |
Ms Ana Krusteva | Practice areas: Corporate and Commercial Law, Intellectual Property, Copyright | View Profile | |
Mr Boris Lazarov | Attorney-at-law, Practice areas: Corporate and Commercial Law, Mergers & Acquisitions, Banking and… | View Profile | |
Ms Anelia Licheva | Attorney at law, Practice areas: Corporate and Commercial Law, Obligations and Contracts… | View Profile | |
Mr Koycho Marinov | Practice areas: Commercial Law, Litigation, Enforcement Proceedings and Administrative Law | View Profile | |
Mr Ivan Markov | Partner; Practice areas: Company Law, Commercial Agreements, Banking and Finance Law, Regulatory… | View Profile | |
Ms Maria Pashalieva | Attorney at law, Practice areas: Labour law, Real Estate, Public Procurement, Corporate… | View Profile | |
Mr Vladimir Penkov | Chairman of the Consultative Board and Senior Partner: Banking & Finance, Corporate… | View Profile | |
Mr Lachezar Raichev | Attorney at law; Practice areas: Bankruptcy and Creditors Rights, Company and Commercial Law,… | View Profile | |
Mr Vencislav Semkov | Attorney at Law, Practice areas: Corporate and Commercial Law, Administrative Law, Protection… | View Profile | |
Mr Roman Stoyanov | Partner, Practice areas: Administrative Law, Commercial and Corporate Law, Pharmaceutical Law, Customs… | View Profile | |
Mr Boris Strijlev | Attorney-at-law, Practice areas: Corporate and Commercial Law, Competition Law, Intellectual Property and… | View Profile | |
Mr Tihomir Tishev | Corporate and Commercial Law, Administrative law and Regulatory issues, Energy law, Anti-money… | View Profile | |
Mr Pavel Tsanov | Attorney at Law; Practice areas:Corporate and Commercial Law, Banking & Structured Finance,… | View Profile | |
Mr Plamen Valkanov | Attorney at law, Practice areas: Contract Law, Labor Law, Company Law, Commercial… | View Profile | |
Mr Atanas Valov | Practice areas: Real Estate Law, Commercial Contracts and Corporate Law, Insurance Law,… | View Profile | |
Mr Nikolay Voynov | Attorney at Law; Practice areas: Energy, Public Procurement, PPP and Concessions, Infrastructure, Transport,… | View Profile |