Georgiev, Todorov & Co > Sofia, Bulgaria > Firm Profile

Georgiev, Todorov & Co
27 PARCHEVICH STREET
1000 SOFIA
Bulgaria

Bulgaria > Dispute resolution Tier 1

‘Very well-developed, with long-term experience in the field and specific industry knowledge’ describes the dispute resolution team at Georgiev, Todorov & Co. The practice group handles a broad range of commercial disputes, including litigation, administrative proceedings and arbitration. The team are preferred advisors for several notable Bulgarian entities, blue-chip multinationals, and industry-specific clients for whom the team leverage their experience across transport, agriculture and manufacturing to provide a full-suite of dispute resolution services. Founder and senior partner Ivan Todorov leads the team alongside experienced litigator Arno Mamasyan, who is praised for his ‘great decision-making skills, eye for detail and excellent analysis of risks’. Tsvetelina Dimitrova  is another important contact within the group, who she sees frequent engagement on complex administrative and commercial disputes. ‘Great litigator’ Miglena Peneva specialises across real estate and construction, territorial planning and concessions.

Practice head(s):

Ivan Todorov; Arno Mamasyan

Other key lawyers:

Miglena Peneva; Tsvetelina Dimitrova; Mariya Derelieva

Testimonials

‘Potential clients should be aware of the teams exceptional professional knowledge in the legal field, exceptional quality of work, speed in solving diverse cases and incredible flexibility in work which allows them to comply with any interest.’

‘The lawyers we regularly work with are Arno Mamasyan, who has outstanding negotiation skills, great analytical skills, is very organized, and a great team player.’

‘Georgiev, Todorov & Co. has been our main legal advisor for over a decade. The reason we chose the firm is the excellent reputation and success rate in multiple fields including dispute resolution. The law firm has a team of partners, associates and jurisconsults who are all prepared to defend the interests of clients in court, have excellent research skills and are able to negotiate the best possible solutions for various legal matters. We fully trust them due to their expertise and long-term experience, as well as the conflict management and exceptional teamwork.’

‘Miglena Peneva is not only an expert in the real estate field, but also a great litigator, who makes us feel that our interest are properly protected in court and before administrative bodies no matter how complex our legal matters are. She is very easy to communicate with, very persuasive in court and knows our business in detail. We value her positive attitude and compassion toward our issues.’

‘The team is very well developed, with long-term experience in the field and specific industry knowledge. The reason why we chose to work with them is their exceptional negotiation skills, problem-solving approach and communication skills. They have represented multiple local and international companies on all court instances, including in the EU courts, and this is an additional prerequisite for trusting them for our legal matter.’

‘Georgiev, Todorov & Co is one of the best law firms in Bulgaria for dispute resolution. What impressed us the most is the high standard of work of the lawyers. The whole team consists of skilled and diligent specialists with great attention to details.The expertise in multiple sectors distinguishes the law firm and lets them meet all of our requirements.Тhe team is committed, fully understands our needs, and therefore develops a strategy which matches both our litigation and business objectives.’

‘The team has been a leader in the dispute resolution field for over 20 years. This is the reason we trusted them for three high profile and high value matters. They also have specific energy and natural resources knowledge, which makes our company feel better protected. The team offers diversity of both partners and associates with excellent negotiation skills, analytical approach and high success rate. We have been working with them for several years on various legal matters and they have never disappointed us.’

Key clients

Acibadem City Clinic Tokuda Hospital

Acibadem City Clinic University Hospital

ADM Bulgaria Trading

Advance Properties

Agriculture State Fund

AG Capital

Albena Sport 2000

ARTMONBAT

Asarel Medet

Aurubis Bulgaria

Balkam Group

BMF Port Burgas

Brikel

Bulgarian National Bank

Bulgarian Posts

Bulgarian Branch Chamber “Roads

Bulgarian Telecommunications Company

Commission for Protection against Discrimination

COMSED

Contract City

DMV

Dolna Mitropoliya Municipality

Dundee Precious Metals

Este Properties

Euromax Services

Bulgarian Chamber of Mining and Geology

Galchev Engineering

Gimel Organic

Grand Energy Distribution

G.P. GROUP

Heating Plant Bobov (ТEC Bobov Dol)

Hemus Motorways

Hydroinject & Subev 2002

Hydro Power Utilities

Institute for Medical Research

International Asset Bank

KG Maritime Shipping

Kornikom

MBAL Evropa

MBAL Uni Hospital

Metroreklama

Moution Arts

Ministry of Agriculture, Foods and Forestry

MTK Trans

Multi Had

National Association of Property Developers

Nexo Capital

NURTS Digital

Port of Burgas

Private Bailiff Chamber

Proshek Immobilien

Sliven Municipality

Agricultural State Fund

Sliven Municipality

Shalev Investment Group

Supreme Bar Council

TEC MARITSA 3

TIBIEL

Tobo Group

Toplivo Corporation

Toplofikacia Pernik

Toplofikacia Ruse

Toplofikacia Sliven

Union of the Producers of Green Energy

Vatia Holding

VIVACOM

Yambol Municipality

Water Supply and Sewerage, Smolyan city

WON

Work highlights

  • Represented Dundee Precious Metals in several cases against the Council of Ministers and the Director of the Director of the Basin Directorate “Eastern White Sea Region” Plovdiv.
  • Represented Thermal power plant Maritsa 3 in two high profile significant cases against AEC Kozloduy and against a Decision of the Energy and the Water Regulatory Commission.
  • Appointed as the external law firm protecting the interests of Bulgarian Posts in several court cases.

Bulgaria > Intellectual property Tier 1

Noted for its ‘excellent reputation in the field, the team at Georgiev, Todorov & Co offers advice on a range of contentious and non-contentious IP matters to clients, including licence agreements, patent registration and regulatory issues. In a recent highlight, the team advised Ciela Norma on obtaining a licence agreement for the transfer of the software rights required for voting machines used in the Bulgarian elections. ‘Exceptional intellectual property lawyerTsvetelina Dimitrova handles much of the dispute resolution work undertaken by the team. Arno Mamasyan and Ivan Todorov lead the practice group.

Practice head(s):

Ivan Todorov; Arno Mamasyan

Other key lawyers:

Tsvetelina Dimitrova; Tsvetelina Mileva

Testimonials

‘The team’s key strengths are their commercial awareness and their creativity in finding the best solutions for our issues, as well as their expertise in corporate and commercial law, which lets them provide full-service assistance. Their lawyers are always ready to help and have an eye for detail which lets them provide precise advice.’

‘Georgiev, Todorov & Co is a law firm with an excellent reputation in intellectual property law issues, as well as in the telecoms and media fields in general, and we chose them as a legal adviser because of their long-term experience in the market, their in-depth knowledge of national and EU regulations, and remarkable client-orientated approach. Our collaboration with the team has always been very smooth and the lawyers have provided ongoing legal support regarding the new regulations.’

‘Georgiev, Todorov & Co. is a leading law firm in Bulgaria in the intellectual property field due to its long-term experience and multiple clients from various industries. They advise in relation to patents, trade marks and designs and therefore provide a full-service option for intellectual property issues. The team consists of both partners and associates, who offer excellent knowledge, an eye for detail and innovative ideas for the resolution of legal problems. In addition, the lawyers are easy to communicate with, have insights into both local and international regulations, and have multi-jurisdictional connections.’

‘The lawyer we regularly work with is Tsvetelina Dimitrova, who stands out with her specific interest in the field and her excellent negotiation skills, as well as her compassion for clients. She always makes us feel sure that our interests will be protected to the highest level before administrative institutions and against competitors.’

‘The intellectual property department includes partners with excellent expertise and younger lawyers who have a great eye for detail and always put a lot of energy into solving our issues.’

‘Tsvetelina Dimitrova is very easy to communicate with, very knowledgeable and very responsive, and she provides excellent advice. Tsvetelina Mileva is always ready to help, has an eye for detail and has outstanding research skills.’

‘The team has shown a deep knowledge of the legal matters ensuing from a trade mark dispute. In the years we have worked together, they have continuously shown improvement and proactiveness. The team has been highly accountable.’

Key clients

Alliance Print

Backbar Club

BORICA

Ciela Norma

Dench eGaming Solutions

Duplex International

Evros K&P

Experian Bulgaria

Farant

Hill Clinic

NEXO Capital

On Clinic

Software Point

Work highlights

  • Provided full legal support to Ciela Norma in relation to obtaining a licence agreement for the transfer of software rights for the machines intended to be used for the elections in the Republic of Bulgaria.
  • Represented Farant in the procedure for the international application for a patent registration, which will help the client to expand its business abroad.
  • Provided advice to BORICA in relation to its registration in a national electronic identification scheme.

Bulgaria > Transport (including shipping) Tier 1

Home to a team of ‘experienced and capable lawyers’ in the transport sector, Georgiev, Todorov & Co advises a host of domestic and international clients on the full range of matters emanating from the sector; the team counts BalkanTel, BMF Port Burgas and Port of Burgas among its core clients. Advising on implementing policy, project development, public procurement and concessions are among the team’s other specialisms, as is litigation. Recently, the team successfully represented Hemus Motorways in appealing the opening of the public procurement procedure for a high-value road maintenance project. Singled out as an ‘expert in the transport field’, Alexander Pachamanov leads the team, focusing on regulatory, competition and corporate issues in the sector. Tsvetelina Dimitrova is active on the shipping side of the practice, and is another key point of contact.

Practice head(s):

Alexander Pachamanov

Other key lawyers:

Testimonials

‘The transport sector is very specific and requires legal support from experienced and capable lawyers. Georgiev, Todorov & Co. demonstrate that they have the full capacity, qualities and knowledge to meet all our requirements and expectations. The lawyers from the team are familiar with all the developments in the market and impress us with their in-depth knowledge, great negotiation skills and positive attitude to clients. The team is always ready to support the client and find the best possible solutions to each case and issue.’

‘The practice is unique due to its multidisciplinary expertise, including in specific sectors such as real estate, construction and transport, as well as offering brilliant legal assistance both in court and in relation to public procurement contracts. The lawyers are very well prepared, very persuasive, and have sound judgement. These are among the reasons why we chose to work with them on our complex, high-profile and high-value matter.’

‘Georgiev, Todorov & Co. has been our legal adviser for over five years. We have chosen their legal services due to their expertise in multiple fields and jurisdictions. The law firm was excellent in drafting its strategy, analysing all the relevant issues and negotiating the best solutions to our claims.’

‘Our team highly values the work of Alexander Pachamanov, an expert in the transport field who has industry-specific knowledge and a passion for his work. In addition, Tsvetelina Dimitrova has strong communication skills, creativity and is very responsive to various enquiries.’

Key clients

Advance Properties

Alfred C. Toepfer International

BALKANTEL

BMF Port Burgas

Bulgarian Branch Chamber “Roads”

Bulgarian Posts

DUVENBECK LOGISTICA

Fleet Services

Galchev Engineering

G.P. GROUP

Hemus Motorways AD

INGSTROYENGINEERING

KG Maritime Shipping

LIEL Construction

Metroreklama

MTK Trans

Port of Burgas

Solaris Bus & Coach

Sofia Bikes Association

OBONATO BUILD

Work highlights

  • Represented Hemus Motorways in appealing the opening of the public procurement procedure for the maintenance of the roads in the northwestern region of Bulgaria.
  • Advised MTK Trans on agreements with the municipality of Sofia for the carriage of passengers by several city bus lines and assisted the client with collecting unpaid remuneration for the transport services performed.
  • Assisted Duvenbeck Logistica with the execution in Bulgaria of a foreign court decision on the grounds of EU Regulation No. 1215/2012 on the collection of the purchase price for trucks.

Bulgaria > Banking, finance and capital markets Tier 2

Insurance transactions, national and international disputes, and debt finance are among the key areas of focus of the banking and finance team at Georgiev, Todorov & Co. The Bulgarian National Bank is a major client of the team as are asset and wealth management companies Black Peak Capital and Entrea Capital – for which the firm provides advisory services on both transactional and contentious matters. Arno Mamasyan is a key contact as practice lead. Associate Miglena Peneva is praised for her ‘analytical thinking and expertise in the banking and finance field’.

Practice head(s):

Alexander Pachamanov

Other key lawyers:

Testimonials

‘The main thing which makes this practice unique is their flexibility and ability to find the right person for every task.’

‘The team is great in looking into all details, preparing for court proceedings and defending our legal rights complying with both local and EU law. They have great interpersonal skills, have strong teamwork skills and are very persuasive in court.’

‘Miglena Peneva is our lawyer on all types of financial corrections matters and she has successfully resolved all of them. She is our first choice if we need any legal services not only due to her professionalism, but also because of her great responsiveness, analytical thinking and expertise in the banking and finance field.’

Key clients

Alfred C. Toepfer International

AG Capital

Agricultural State Fund

BlackPeak Capital

BORICA

Bulgarian National Bank

Bulgarian Posts

Bulgarian Telecommunications Company (BTC)

Dolna Mitropoliya Municipality

Entrea Capital

Fleet Services

Galchev Engineering

Max Select

Silistra Municipality

Sliven Municipality

Work highlights

  • Successfully defended the state licensed post operator in Bulgaria, Bulgarian Posts, before the Administrative Court Sofia-city in several court cases against bank institutions and before the National Revenue Agency.

Bulgaria > Energy and natural resources Tier 2

Georgiev, Todorov & Co is renowned for its work on energy-related disputes, leveraging its lawyers' ‘in-depth knowledge of local and international legal developments and precedents’ to assist natural resources companies, gas and oil refineries, and electricity and renewable energy producers in a series of regulatory and court proceedings. Managing partner Nikolay Lazarov leads the practice group and oversees the team’s advice on non-contentious matters, including on major infrastructure and development projects and licensing for renewables producers. Arno Mamasyan is another key port of call at partner level.

Practice head(s):

Nikolay Lazarov

Other key lawyers:

Arno Mamasyan; Dobrina Pavlova; IVan Tserovski

Testimonials

‘Energy and natural resources is one of the specialisms of the law firm. Therefore, we can always rely on their team due to their expert knowledge, dedicated lawyers and excellent results achieved on various matters in the sector.’

‘The depth of the energy and natural resources department is very impressive as it includes lawyers with long-term experience in the field, lawyers who have worked in some of the biggest government institutions for the sector, and legal experts with innovative ideas and an eye for detail.’

‘The key partners of the law firm we regularly work with are Nikolay Lazarov and Arno Mamasyan. Mr. Lazarov is an expert in the energy field, has great negotiation skills, and is very responsive to all of our enquiries. Arno Mamasyan is very experienced, with outstanding drafting abilities, and is very persuasive in court.’

‘Energy is a key sector for Georgiev, Todorov & Co. and we are impressed by their in-depth knowledge of local and international legal developments and precedents, their ability to defend the client’s position before administrative bodies and various courts, and their skill in analysing complex legal matters. In addition, the team uses various technologies in order to be available if there is urgent assistance is needed.’

‘We regularly work with Nikolay Lazarov, who is an expert in the field with great negotiation skills and an excellent success rate. We also work with Ivan Tserovski, who is very experienced, has an eye for detail and amazing drafting abilities.’

‘The team has expertise in the field, long-term clients and experience, as well as a brilliant decision-making approach and excellent client care. They have a diverse team of partners and associates.’

‘They are extremely good professionals and have the ability to quickly become acquainted with the case and propose a strategy. They have strong attention to detail which allows them to predict every possible outcome of the situation and to take all the required actions. They are able to meet the client’s needs and expectations, offering the most appropriate legal strategies.’

Key clients

Albena

Asarel Medet

BMF Port Burgas

Bulgarian Chamber of Mining and Geology

Energoconsult

European Trade of Energy

Galaxy

Gimel Organic

Hydroenergy Association

Hydro Power Utilities

Karnobat Energy

Lubricants Importers Association

Multi Had

National Association of Property Developers

Port of Burgas

Solar Energy

TEC Maritsa 3

TEC Bobov Dol

Tibiel

Toplivo Corporation

Toplofikatsiya Gabrovo

Toplofikatsiya Pernik

Toplofikatsiya Ruse

Toplofikatsiya Sliven

Union Hydro

Union of the producers of Green Energy

Work highlights

  • Represented ten new clients in proceedings against the Energy and Water Regulatory Commission under the State and Municipality Responsibility for Damages Act for damages caused by an illegal act of the Commission.
  • Advised Galaxy RE on the procedure for obtaining a licence for the production of electricity by new PV power plants.
  • Successfully defended the rights of the Albena resort before the Supreme Administrative Court in a dispute with the electricity distribution grid operator licensed for the area of the resort over the ownership of the electricity grid of the hotel chain.

Bulgaria > EU and competition Tier 2

The bulk of the competition and EU law practice at Georgiev, Todorov & Co centres on the group’s core expertise in handling unfair competition cases regarding exclusionary distribution practices, monopolies and cartels, trade mark infringement and public procurement procedures. Whilst the team’s specialism is evident, it is also frequently instructed on non-contentious matters, providing day-to-day advice on both domestic and EU regulatory issues and assistance with compliance across a range of different sectors. Lawyers of note include head of practice Alexander Pachamanov, who specialises in competition mandates in the telecoms and transport industries. He is supported on international and EU-level antitrust cases by associate Tsvetelina Dimitrova, who has ‘outstanding communication and negotiation skills‘.

Practice head(s):

Alexander Pachamanov

Other key lawyers:

Testimonials

‘The team advises us on various legal matters in the field, including ongoing compliance with EU law. The team is very diverse, with excellent partners and new lawyers with very good research skills and an eye for detail.’

‘On EU and competition matters, we regularly work with Tsvetelina Dimitrova, who is a diligent lawyer, with outstanding communication and negotiation skills, and always considers all the possible risks for our business.’

Key clients

Agriculture State Fund

Albena Sport 2000

AWANTYS Group

Balkam Group

BMF Port Burgas

BORICA

Bulgarian Telecommunications Company EAD (BTC)

COMSED

Dolna Mitropoliya Municipality

European Parliament

Gimel Organic

METRO Cash & Carry Bulgaria

Metroreklama &

Moution Arts

NURTS Digital

Port Burgas

Real Systems

Roche Bulgaria

Silistra Municipality

Sliven Municipality

Sofia Bikes Association

Vivacom

Work highlights

  • Represented Silistra Municipality in an appeal against a decision on financial corrections for an EU-funded transport project.
  • Successfully represented Port Burgas before the Supreme Administrative Court in a dispute between the licensed grid operator, the supply company and the Energy and Water Regulatory Commission (where the client is an interested party) concerning whether Bulgarian law on transmission and distribution system operators is in accordance with EU law.
  • Protected the interests of Albena Sport 2000 before the Commission for Protection of Competition in relation to a concession procedure for operating commercial activities on a beach territory at the Black Sea.

Bulgaria > Healthcare and life sciences Tier 2

Notable for its ‘exceptional knowledge of the law’, Georgiev, Todorov & Co act on behalf of key companies in the healthcare and life sciences sector on a diverse portfolio of work that includes intellectual property, medical supply, regulatory, and general commercial and corporate matters. The team places particular emphasis on dispute resolution in the sector, successfully handling disputes for several hospitals from the Acibadem City Clinic group. Founding partner Ivan Todorov leads the practice group, and receives support from Tsvetelina Dimitrova.

Practice head(s):

Ivan Todorov

Other key lawyers:

Tsvetelina Dimitrova; Arno Mamasyan; Tsvetelina Mileva

Testimonials

‘Potential clients should be aware of the team’s exceptional knowledge of the law, exceptional quality of work, speed in solving various cases and incredible flexibility.’

‘The lawyers we work with are outstanding because of their ability to solve every case, as well as their incredible legal knowledge.’

‘The full-service legal advice in the healthcare and life sciences field is the main reason we work with Georgiev, Todorov & Co., as well as their client care, analytical skills and public speaking skills.’

‘The lawyers we work with provide us with answers to our questions, and make us feel protected in cases before the court and administrative institutions. Tsvetelina Dimitrova is very easy to communicate with, very knowledgeable and very responsive; she provides excellent advice on all matters. Tsvetelina Mileva is always ready to help, has an eye for detail and has outstanding research skills.’

‘Georgiev, Todorov & Co. represents some of the key hospitals and pharmaceutical companies in Bulgaria and has an outstanding reputation in the market. What makes the practice unique is that they have several partners and associates who specialise in the healthcare field, which is unusual for most law firms in Bulgaria. In addition, the lawyers have expressive public speaking skills, understand the details of legal matters and have superb client care. In addition, they use various technology tools to communicate with clients when face-to-face meetings are impossible, which makes mutual cooperation easier.’

‘We have been working with Arno Mamasyan and Tsvetelina Mileva. It is great to work with these two lawyers as they combine the experience, decision-making skills and analytical thinking of Mr. Mamasyan with the industry-specific knowledge, excellent research skills and innovative solutions of Ms. Mileva, and this collaboration provides for the most diverse and accurate legal advice on our issues.’

Key clients

Acibadem City Clinic Tokuda Hospital

Acibadem City Clinic University Hospital

Bul Med Investment

Hill Clinic

Institute for Medical Research

MBAL City Clinic Sveti Georgi

MBAL Doverie

MBAL Evropa

On Clinic

Recordati

Roche Bulgaria

SGP Bio Dynamics

Work highlights

  • Represented several hospitals from the Acibadem City Clinic group in disputes with the National Health Insurance Fund (NHIF) concerning payments for medical care provided to health-insured patients above the limits set.
  • Filed a claim on behalf of Multi-profile Hospital for Active Treatment Europa Ltd. in a dispute with the Ministry of Health in relation to damages claimed on the grounds of state and municipality responsibility.
  • Successfully represented the Institute for Medical Research in a dispute with an Austrian company in relation to the conduct of medical genetic research for the detection of genetic mutations in cancer patients and the execution of the contract concluded.

Bulgaria > Real estate and construction Tier 2

Contract drafting, due diligence and representation before institutions in administrative proceedings form the bulk of the practice at Georgiev, Todorov & Co, which is praised for its ‘outstanding reputation and very high success rate’. Standout clients from the firm’s roster of major domestic real estate players include AG Capital, G.P. Group and Contract City, and the team also provides ongoing advisory services to the European Parliament and European Commission. ‘Specialist in the fieldMiglena Peneva heads the practice.

Practice head(s):

Miglena Peneva

Other key lawyers:

Testimonials

‘The legal services provided by the team are highly professional. Their advice was essential for taking next steps in our real estate transactions and was very business oriented. The work on investigating the legal risks connected to the transactions was done on time and in detail.’

‘Georgiev, Todorov & Co. has over two decades of experience in the field of real estate and construction, which lets the team combine industry-specific knowledge and experience, but also means it has an outstanding reputation and very high success rate. We fully trust them to represent us in court due to their analytical and negotiation skills, as well as advise us on complex issues and draft due diligence reports due to their knowledge of all regulations and the specifics of the sector, their client-oriented approach and their critical thinking.’

‘Miglena Peneva is our key lawyer in the law firm. She is a specialist in the field, is always well informed of the legal changes, offers reliable advice and has great knowledge of our business.’

‘The lawyers have analytical thinking, great attention to detail and experience which allows them to consult on high profile deals and court proceedings.’

‘We work closely with Miglena Peneva. She impressed us with her in-depth knowledge of the real estate and construction regulatory framework, litigation skills and brilliant, problem-solving approach. We highly recommend her as a reliable lawyer with great management and negotiation skills.’

‘Arno Mamasyan is an experienced, capable and reliable lawyer. His expertise in corporate and commercial law, litigation and administrative procedures adds value to our company’s business and helps with finding the right legal approach to protect our interests.’

Key clients

AG Capital

Alfred C. Toepfer International Netherlands

Artmonbat

Aurubis Bulgaria

Bigla 3

BLD

Bulgarian Branch Chamber “Roads”

Business Park Sofia

Contract City

EIS Construction Company

Este Properties

European Parliament

Fleet Services

Galchev Engineering

G.P. Group

Hemus Motorways

Ingstroyengineering

LIEL Construction

Ministry of Agriculture, Food and Forestry

National Association of Property Developers

Obanato Build

Pamporovo

Shalev Investment Group

Sliven Municipality

Tobo Group

Vatia Holding

Yambol Municipality

Work highlights

  • Successfully represented Obonato Build in an appeal against the decision to open the public procurement procedure for the maintenance of roads in the southwest region.
  • Advises EIS Construction Company, a leading construction company, in relation to its current projects, conducting an analysis of properties and assistance with the Spatial Planning Act.
  • Acting for National Association of Property Developers in an appeal against the ordinance on the construction, maintenance and protection of the green system adopted by the Sofia Municipal Council.

Bulgaria > TMT Tier 2

Georgiev, Todorov & Co adopts an inter-disciplinary approach in its TMT practice to offer clients a full suite of transactional services whilst also drawing from the extensive experience of the firm’s litigation team to act as counsel on high-end contentious matters, regularly representing clients in disputes before Bulgaria’s highest courts. Advice on commercial transactions, M&A and project financing also fall within the versatile team’s capabilities, alongside intellectual property, licensing and regulatory issues. Competition and corporate work comprises the bulk of team leader Alexander Pachamanov's practice. Tsvetelina Dimitrova is renowned for her IP work, and remains another key contact in the department.

Practice head(s):

Alexander Pachamanov

Other key lawyers:

Testimonials

‘Georgiev, Todorov & Co. Law office is one of the best firms in Bulgaria for advice on TMT regulations.’

‘Alexander Pachamanov’s knowledge and experience in the field of local and EU regulations in the TMT sector is exceptional.’

‘Georgiev, Todorov & Co. combines excellent litigation skills and great communication skills, which means we feel protected no matter how complex our issue is. Their team is diverse and the younger lawyers have wonderful relationships with the partners which makes the work smooth and efficient, and the solutions more precise and innovative.’

‘We regularly work with Tsvetelina Dimitrova, who is a great listener, has superb people skills and knows all the specifics of our business very well. We also work with Arno Mamasyan due to his long-term experience, strong negotiation skills and perseverance.’

‘Georgiev, Todorov & Co. has an excellent reputation in both intellectual property issues and the telecoms and media field in general, and we chose them as a legal adviser because of their long-term experience on the market, their in-depth knowledge of national and EU regulations, and their remarkable client-orientated approach.’

‘The legal team is very professional with good client service.’

Key clients

Alliance Print

Balkantel

Bulgarian Telecommunications Company

BORICA

BTC Net

Ciela Norma

Experian Bulgaria

Fleet Services

GPS Bulgaria

Metroreklama

Moution Arts

NURTS Digital

Vivacom

Work highlights

  • Provided software company Experian Bulgaria with advice on intellectual property matters, revision of contracts and employment law issues.
  • Advised Alliance Print on the conclusion of a contract for the design and printing of marketing materials for Japan Tobacco International Bulgaria, which related to the intellectual rights over the products.
  • Advised Hill Clinic on a penal decree issued in relation to radio advertising.

Bulgaria > Commercial, corporate and M&A Tier 3

Georgiev, Todorov & Co is frequently instructed by key international and domestic clients on a range of transactional matters in the energy, construction and transport sectors. Key personnel include practice head Arno Mamasyan, and ‘specialist’ partner Tsvetelina Dimitrova  who is similarly active on commercial and corporate matters.

Practice head(s):

Arno Mamasyan

Other key lawyers:

Tsvetelina Dimitrova

Testimonials

‘Мost of the practising lawyers have experience in solving the cases we assign to them, therefore we receive an answer and assistance in a short time.’

‘I can distinguish the lawyers from this office with the high responsibility in providing the service.’

‘Georgiev, Todorov & Co has been our trustworthy partner for several years now. Their team is always prepared on time, has a very diverse skill set and a real passion for their work – the lawyers not only want to solve the particular issue but also to contribute to the future success of the company.’

‘Our hospital has been using the services of Georgiev, Todorov & Co. for over five years already. The law firm impressed us with its knowledge in the corporate, commercial and M&A field – they regularly advise us on contracts, delivery, relations with stakeholders, competition law in the field. The lawyers are experts in the field and most specifically have specific knowledge in the healthcare sector, which makes us feel protected. They offer excellent value for the legal services and use technology when needed.’

Key clients

AG Capital

Alfred C. Toepfer International Netherlands

Alliance Print

Antol

AWANTYS Group

Backbar Club

BalkanTel

BlackPeak Capital

BORICA

Bulgarian Branch Chamber

Bulgarian Telecommunications Company

Ciela Norma

COMSED

Dench eGaming Solutions

Dundee Precious Metals

Duplex International

Entrea Capital

Experian Bulgaria

Fleet Services

Galaxy

Galchev Engineering

Heat Energy

Hill Clinic

Infinity travel

METRO Cash & Carry

Metroreklama & Moution Arts

MTK Group

NM Genomix

Nurts Bulgaria

On Clinic

Recordati

Resalta Bulgaria

Roche Bulgaria

Solar Energy Support

Solaris Bus & Coach

Thermal Heating Plant Ruse

Work highlights

  • Consulted the Bulgarian Branch Chamber “Roads” and its members on a high-profile matter for the maintenance of the entire national road network in Bulgaria and a public procurement contract for around €512m.
  • Advised a photovoltaic power plant on the procedure for obtaining a license for production of electricity, as well as for approval of the respective bank financing.

Bulgaria > Projects and PPP Tier 3

Georgiev, Todorov & Co continues to broaden the scope of its practice in this area, extending its key disciplines to include work on public procurement and concessions mandates. The team represents state bodies, companies and investors through the life cycle of large-scale infrastructure and real estate projects, advising on the full suite of associated issues. The ‘hardworking and goal-drivenMiglena Peneva heads the department, leveraging her expertise in real estate and construction to provide advice on territorial planning, public procurement and concessions.

Practice head(s):

Miglena Peneva

Other key lawyers:

Testimonials

‘Georgiev, Todorov & Co’s lawyers are analytical, have a great sense of details and experience which allows them to advise on high-profile deals and court proceedings. The team is comprised of experts who strictly monitor the development of the regulatory framework and court practice. We fully trust their services due to their high success rate and the excellent reputation they have. In addition, their client-orientated approach helps us unleash our business potential.’

‘Our team mainly works with Miglena Peneva, who is a hardworking, goal-driven lawyer, seeking to achieve the most effective result for all the matters we work on with them. It is a real pleasure for us to be advised by such a great professional. In addition, on our recent matters we worked with Arno Mamasyan, who is an expert in corporate and commercial law, has great negotiation skills and offers excellent legal advice.’

‘As a company with many years of experience in key projects in Bulgaria, we have always put a lot of thought into choosing our legal counsel. Georgiev, Todorov & Co. has many years of experience in dispute resolution and public procurement, as well as an exceptional reputation. The team were very well informed of all recent legal changes and case law, and they were very easy to communicate with and analysed all possible risks for our company very carefully.’

‘Our team mainly worked with Miglena Peneva. She stands out for her superb expertise in the real estate and construction field, her excellent negotiation skills and very valuable drafting skills, as well as her ability to prioritise her tasks and at the same time make every client feel appreciated and like their legal issues are being put first. She is a wonderful lawyer.’

‘The team at Georgiev, Todorov & Co. has excellent lawyers, who are also specialists in EU law. The law firm explained all the different regulations to us in the best possible way and complied with the relevant directives of the EU regarding the financing of projects. In addition, they were always very responsive, with great client care, and offered creative solutions.’

‘They have excellent knowledge in the field of both local, EU and international law, and among their strengths is not only their experience, but also their analytical skills, eye for detail and negotiation abilities.’

‘Miglena Peneva has been our key lawyer for years and we have been very happy with the legal services provided by her. She analyses all issues in detail, is very responsive, and has excellent drafting skills, as well as managing her time well and working well in a team.’

Key clients

AG Capital Holding

Agricultural State Fund

Alfred C. Toepfer International Netherlands

BlackPeak Capital

Bulgarian Branch Chamber “Roads”

Ciela Norma

Dolna Mitropoliya Municipality

Este Properties

Galaxy RE

Galchev Engineering

G.P. Group

INGSTROYENGINEERING

Hemus Motorways

LIEL Construction

Metroreklama

Ministry of Regional Development and Infrastructure

National Association of Property Developers

MTK Trans

Obonato Build

Progetti Plant

Silistra Municipality

Sliven Municipality

Shalev Investment Group

Solar Land

Sofia Bikes Association

Toplivo Corporation

Yambol Municipality

Vatia Holding

Work highlights

  • Acted as lead legal counsel to the Bulgarian Branch Chamber “Roads” on issues related to the maintenance of the entire national road network.
  • Advised Solar Land on issues relating to the development of a power plant.
  • Advised Toplivo Corporation in relation to the termination of the contract providing a state grant to the company for the optimisation of energy costs and the production capacity of the company.

Georgiev, Todorov & Co. was established in 1991 and is one of the first Bulgarian law firms. It is currently one of the largest law firms in Bulgaria, comprising of 10 partners and 50 attorneys, who are proud to have the opportunity to provide excellent legal services to high profile clients.

30 years ago, Georgiev, Todorov & Co. was established and quickly became one of the most successful law firms in Bulgaria. The team has built a corporate culture focused on a decision-oriented approach, helping clients to unleash their potential.

One of the law firm’s main advantages is the outstanding combination of deep knowledge of the substantive laws and regulations in Bulgaria and excellent expertise in judicial and arbitration representation.  This enables it to provide specifically tailored legal services and to avoid any potential risks for its clients. It also provides corporate law services with a particular emphasis on the tax and financial sector, M&A, restructuring, insolvency, venture capital and secured lending for both major local clients and a range of foreign investors.

Georgiev, Todorov & Co. is the only Bulgarian representative in the international organization Lawyers Associated Worldwide (LAW), which has members from over a hundred countries. The law firm is also a member of the international network Vogel Global Competition Network. For this reason, the law firm has access to a rich information network that provides it with the opportunity to approach leading law firms around the world in multinational disputes.

The firm guarantees high-quality legal services provided through the implementation of internationally recognized certified systems of quality management ISO 9001: 2015, ISO / IEC 27000: 2013 and ISO / IEC 20000-1: 2018.

The tremendous results accomplished by its highly qualified and competent team, ensure clients that Georgiev, Todorov & Co. is one of the leading law firms in Bulgaria.  It guarantees accurate service to its clients, especially in the areas of Dispute Resolution, Administrative Proceedings, EU & Competition Law,  Corporate, Commercial and M&A,  and in the Energy and Natural Resources, Real Estate and Construction, Healthcare and Pharmaceutical, and TMT sectors.

Areas of practice
Dispute resolution:  Georgiev, Todorov & Co. is one of the leading Bulgarian law firms in dispute resolution for 30 years. It has been involved in a number of complex international projects in the fields of energy law, telecommunications, and banking, as well as in most of the largest privatization transactions in Bulgaria.

Georgiev, Todorov & Co. has extensive expertise in administrative, corporate and commercial litigation, financial issues, insurance, insolvency, and regulatory matters. Its strength is in understanding the business needs of clients and providing them with the best legal advice in order to protect their interests and business decisions.

Corporate and commercial law: The firm combines strategic thinking and technical excellence to ensure that each client’s business is soundly and securely based. Georgiev, Todorov & Co. provides a unique combination of experience and resources, and a partnering approach that allows it to focus specifically on what clients need. In addition to providing legal assistance, the firm often fulfills the role of a business consultant, working as part of an in-house team to provide a first-rate service.

As a trusted legal advisor, with a strong market understanding, Georgiev, Todorov & Co. has been involved in a number of complex local and international projects in different industries including pharmaceutical, transport, banking and finance, and telecommunications.

EU and competition law: Georgiev, Todorov & Co. is recognized as a leаding law firm in the field for over a decade. The team advises various businesses – no matter the industry, sector, and project and can respond to the sophisticated and diverse needs of different clients. The law firm is involved in some of the most significant cases in the Bulgarian market in respect of unfair competition regarding key market players.

The successful practice of Georgiev, Todorov & Co. ‘s team in applying EU law to the business environment in Bulgaria, gives clients a guarantee for adequate protection of their legitimate interests with respect to a possible conflict between national legislation and the existing EU law norms.

The law firm’s expertise covers the whole spectrum of national and EU matters in competition law: antitrust, state aid, public services and services of general economic interest, as well as merger control with a particular focus on antitrust legislation and compliance with state aid rules and litigation.

Industry sectors
TMT: Georgiev, Todorov & Co. covers all aspects of the telecommunication industry as well as broadcasting, media, and technology. The firm’s experts provide legal advice on acquisition and project finance, capital markets, mergers and acquisitions in the sector, and have participated in most of the major telecommunication deals in Bulgaria. Its clients are companies with significant importance in the field such as operators, service and technology providers.

Georgiev, Todorov & Co. is a long-term legal adviser of the biggest player on the Bulgarian telecommunications market – the Bulgarian Telecommunication Company.  Our lawyers provide consultations and comprehensive legal assistance on a broad spectrum of issues, regardless of the material interest of the case.

Energy and natural resources: Georgiev, Todorov & Co. has extensive experience in the field of energy law serving both Bulgarian and international clients regarding various legal issues. Energy-related legal advice is amongst the firm’s main areas of business and the firm is consistently and independently recognized for its work.

Georgiev, Todorov & Co. has successfully consulted on major infrastructure and development projects in the sector with a strategical significance for the Bulgarian energy market. The law firm also regularly provides legal representation both in regulatory and court proceedings to electricity, renewable and cogeneration producers, to gas and oil refineries and oil producers and to natural resources companies. Therefore, the team’s in-depth knowledge of the regulatory framework and its excellent litigation practice, makes Georgiev, Todorov & Co. a reliable partner, who is highly valued by its clients.

Real estate and construction: Georgiev, Todorov & Co.’s real estate team provides a full scope of legal services, including contract drafting (sale and purchase as well as construction agreements, contracts for establishing real rights), due diligence (complex analysis of real rights, ownership, the territorial status of properties, planning of territory), and representation before the institutions. The law firm also undertakes work related to acquisitions and disposals, financing, portfolio sales and securitization, and tax mitigation solutions.

The attorneys have the experience and expertise to deal with all demanding matters on behalf of investors, developers, corporate occupiers and other key players in the area. Clients are from various sectors – government, engineering, pharmaceutical, finance, and transportation.

Healthcare and life sciences: Georgiev, Todorov & Co. has extensive experience in the field and provides legal services to hospitals and pharmaceutical companies. The law firm has an excellent reputation and is recognized by independent international legal publications.

The expert team offers full-service legal support to various healthcare institutions by consulting them on corporate and specific regulatory issues, as well as successful representation in administrative procedures for registration and licensing of medical activities, recognition of qualifications of foreign specialists on the territory of the Republic of Bulgaria, applications for contracts for the provision of hospital care along clinical paths, etc. In the pharmaceutical sector, support is provided in relation to production, export, import and trade of pharmaceuticals and active substances and related authorization and notification administrative regimes, as well as on the pricing and reimbursement of pharmaceuticals.

Banking and finance: Georgiev, Todorov & Co. provides banking advice in relation to transactional and strategic advisory work. The team advises a wide range of borrowers, lenders, issuers, underwriters and other clients in relation to debt finance and capital markets activities. The lawyers’ personal approach enables them to add value to their services for clients through their in-depth local market knowledge, multidisciplinary expertise and seamless capacity to manage international teams on cross-border projects efficiently and effectively.

Tax: The tax department has strong expertise in the field. The team offers comprehensive planning and consulting services to clients in various industries such as manufacturing, energy, mining, retail, software, and telecommunications. It provides proficient advice in corporate finance, banking and finance, as well as real estate. Georgiev, Todorov & Co. is well known for protecting the clients’ interests before the Bulgarian tax authorities and its high success rate in tax litigation.

Department Name Email Telephone
Managing Partner, Dispute Resolution Prof. Ivan Todorov, PhD i-todorov@georg-tod.com +359 2 937 65 38
Senior Partner, Head of Banking and Finance Prof. Valentin Georgiev, PhD office@georg-tod.com +359 2 937 65 42
Senior Partner, Head of Corporate and Commercial Arno Mamasyan arno@georg-tod.com +359 2 937 65 42
Senior Partner, Head of TMT Alexander Pachamanov pachamanov@georg-tod.com +359 2 937 65 40
Partner, Head of Real Estate Miglena Peneva peneva@georg-tod.com +359 2 937 65 32
Partner, Head of Tax Georgi Kostolov kostolov@georg-tod.com +359 2 937 65 42
Partner, Dispute Resolution Department Nikolay Lazarov nikolay_lazarov@georg-tod.com +359 2 937 65 42
Partner, Energy Department Mariya Derelieva mderelieva@georg-tod.com +359 2 937 65 40
Partner, Private International Law Department Tsvetelina Dimitrova, PhD ts.dimitrova@georg-tod.com +359 2 937 65 32
Associated Partner Vladimir Ivanov vlivanov@georg-tod.com +359 2 937 65 00
Photo Name Position Profile
Tsvetelina Dimitrova photo Ms Tsvetelina Dimitrova Partner Main practice areas: Corporate and Commercial Law, Private International Law, EU…
Valentin Georgiev photo Mr Valentin Georgiev Senior Partner Main practice areas: Banking, Insolvency, Contracts Law, Corporate Law
Vladimir Ivanov photo Mr Vladimir Ivanov Associated Partner, Head of French Clients Division Main practice areas: EU &…
Georgi Kostolov photo Mr Georgi Kostolov Partner, Head of Tax Department Main practice areas: Tax Law, Dispute Resolution,…
Nikolay Lazarov photo Mr Nikolay Lazarov Managing Partner Main practice areas: Administrative Law and Appeals, Energy Law and…
Arno Mamasyan photo Mr Arno Mamasyan Senior Partner Main practice areas: Corporate and Commercial Law, Banking and Finance,…
Alexander Pachamanov photo Mr Alexander Pachamanov Senior Partner, Head of TMT Department Practice areas: TMT, M&A, Concessions, EU…
Dobrina Pavlova photo Ms Dobrina Pavlova Senior Associate Practice Areas: Energy & Natural Resources, Corporate & Commercial, Dispute…
Miglena Peneva photo Ms Miglena Peneva Senior Partner, Head of Real Estate Department Practice areas: Real Estate and…
Ivan Todorov photo Mr Ivan Todorov Founder and Senior Partner Practice areas: Dispute Resolution, Administrative Law and Appeals,…
Ivan Tserovski photo Mr Ivan Tserovski Senior Associate Practice Areas: Energy and Natural Resources, Administrative Law and Appeals,…
Number of lawyers : 50
Number of partners : 10
Armenian
English
French
German
Russian
Bulgarian
Lawyers' Associated Worldwide (LAW)
Vogel Global Competition Network
British Bulgarian Business Association
ICC Bulgaria
AHK
Bulgarian-Swiss Chamber of Commerce
Bulgarian Chamber of Commerce and Industry

Three decades ago, Georgiev, Todorov & Co.  set the tradition of one of the most successful law firms in Bulgaria. The team built a corporate culture focused on social responsibility and public contribution.

As professionals in the field, the team recognises its responsibility toward young colleagues and provides a good start for the career of young lawyers in the firm. Georgiev, Todorov & Co. offers an annual internship program for final year students. The legal team’s professional responsibility is strongly focused on supporting the young colleagues regarding their education and experience gain. The students, who meet the necessary requirements, can take an advantage of the scholarship programme as well.

Georgiev, Todorov & Co. has always respected the equal opportunities policy. 37 % of our lawyers are women and 63 % are men. This gives our clients the advantage of a balance between female’s sense to details, perseverance and creativity in problem-solving, and men’s analytical skills, responsiveness and motivation. The team also encourages lawyers to participate in seminars, webinars, round tables, public discussions and working groups. As the legal framework is constantly changing, it is important to be up to date with the market trends.

The team strongly believes that diversity is a major development tool and that this initiative allows the lawyers to solve clients’ complex issues more efficiently and to provide them with tailored legal service. Another benefit of the team is the knowledge of multiple languages and international regulations in addition to the native Bulgarian, including English, French, German, Russian and Armenian.

Georgiev, Todorov & Co. is part of the organisation BNI International. The organisation provides its members with a structured and positive marketing program through business recommendations – proven to be the most effective way to attract customers. It gives a unique opportunity to establish contacts and build long-term partnerships with business leaders in various sectors of the economy, which are the most valuable resource for any company.

The law firm is a partner of the Bulgarian branch of the organisation 180 Degrees Consulting, the largest student-driven consultancy globally that provides socially conscious organizations and non-profits around the world with high quality and very affordable consulting services. Our lawyers are assisting students from various courses to develop their interpersonal skills, as well as expand their knowledge for specific legal regulations and fields.

Georgiev, Todorov & Co. also supports a number of charities financially, by donating equipment or spending personal time. Apart from providing excellent work environment and educational programs for its employees, for years Georgiev, Todorov & Co. has also developed an active social responsibility program by helping several disadvantaged children institutions. Diversity and social activity are set at the law firm’s policy and culture as the team firmly believes in the principle of the social responsibility and its positive impact on society.

Georgiev, Todorov & Co. is a the only Bulgarian member of the prestigious international organisation Lawyers Association Worldwide (LAW), and the clients of the law firm benefit from the network of 100 law firms in 188 jurisdictions, which work together to best serve their needs. The law firm is also a member of Vogel Global Competition Network, British Bulgarian Business Association, German Chamber of Commerce, Bulgarian-Romanian Chamber of Commerce, French Chamber of Commerce and Confederation of the Employers and Industrialists in Bulgaria.


CLIENT: Albena Djumanova-Angelova, Manager Legal Services and Business Ethics
COMPANY/FIRM: Roche Bulgaria
TESTIMONIAL: For over a decade Roche Bulgaria trusts Georgiev, Todorov and Co. for assistance on our overall business activity and they have always provided excellent legal advice.  Alexander Pachamanov, who we mainly work with has in-depth knowledge in the field of commercial law, pharmaceutical law, as well as the Law on Measures Against Money Laundering. Pharmaceutical law and its specifics are key to the law firm and we trust them completely.


CLIENT: Madlen Mutafyan, Jurisconsult
COMPANY/FIRM: BMF Port Burgas
TESTIMONIAL: Our team is fully satisfied with the professionalism of the law firm in particular the lawyers Miglena Peneva and Mariya Derelieva in providing court representation, as well as their in-depth knowledge and analysis of the matter in the legal field – energy law.


CLIENT: Vitaliy Rodyukov, Owner
COMPANY/FIRM: Sol Ink
TESTIMONIAL: Georgiev, Todorov & Co. started representing our company on second instance in the process of buying real estate. In a very short time frame, Dobrina Pavlova managed to analyse and evaluate all the evidence and build a successful strategy. My communication with them was very easy, and I was impressed by their professionalism and attention to detail.


CLIENT: Vasil Kalev, Manager Sales
COMPANY/FIRM: Solaris Bus & Coach
TESTIMONIAL: Тhe law firm provided valuable assistance in relation to the overall liquidation procedure of our Bulgarian subsidiary. Our joint work was beneficial due to the high professionalism, the expertise and the great communication skills of the lawyers from the team.


CLIENT: Rangel Nikolov, Manager
COMPANY/FIRM: Gimel Organic
TESTIMONIAL: Miglena Peneva and Dobrina Pavlova have quickly become our trusted legal advisor, proving that they have the experience, knowledge and approach to find the most appropriate legal strategy to protect our legal rights. In the course of our work with the members of the team we are extremely impressed by their in-depth knowledge in the field of energy law, in particular the natural gas market in the country, commercial law and civil proceedings. Thanks to their ability to negotiate and their sense of business-oriented decision-making, we were able to reach an agreement with the respondent and focus on the development of our business.


CLIENT: Neli Draginova, Chief Legal Advisor
COMPANY/FIRM: Bulgarian National Bank
TESTIMONIAL: We are especially impressed with Mariya Derelieva, the newly appointed partner, who has been assisting us on a very complex issue for several years already. The broad range of legal expertise of the banking team was evident, and their business-oriented approach gives us the confidence to recommend them for banking and finance matters. Mariya is able to successfully advise us on all major and minor aspects of the case. Her enthusiasm and impressive legal knowledge greatly contribute to the successful outcomes for our team. We rely on their team for their assistance and due to their professionalism.


CLIENT: Lushka Palankalieva, Chief Legal Advisor
COMPANY/FIRM:  Asarel Medet
TESTIMONIAL: Since 2010, when we started working with the team, Georgiev, Todorov & Co. has proven itself as a reliable partner, who is able to lead each project and case to a successful completion. Our team has never been disappointed of the legal assistance provided both in administrative proceedings and in consultations. We mainly work with Arno Mamasyan, who is a great professional with exceptional litigation skills, expert knowledge in energy and natural resources and always meets our needs.


CLIENT: Stefan Radev, Mayor of Sliven Municipality
COMPANY/FIRM: Sliven Municipality
TESTIMONIAL: Georgiev, Todorov & Co. is significantly better than other firms we have used in the past. The commitment, loyalty and accountability of its lawyers are unparalleled and distinguish them from other lawyers in Bulgaria. Miglena Peneva is our main point of contact and she impressed us with her exceptional litigation skills, attention to details and proactive approach.

DISPUTE RESOLUTION

Established 30 years ago, Georgiev, Todorov & Co. is well-known for its strong market understanding, ssuccessful legal representation to key local and international companies, as well as its extensive experience in arbitration procedures. It is one of the leading Bulgarian law firms in the Dispute Resolution field for over three decades. The law firm has been involved on a number of complex international projects in the fields of energy law, real estate, telecommunications, and banking, as well as in most of the largest privatization transactions in Bulgaria, including Bulgarian Telecommunication Company, NU Boyana Film Studios and the Bulgarian Navy.

One of the most significant matters not only for the law firm, but also for the Bulgarian energy market in the recent years was the mutually satisfactory agreement reached in January 2021 on the settlement of all existing disputes and the sale of the shares of Gazprom Group in Overgas Inc. (a large gas company in Bulgaria). Georgiev, Todorov & Co. acted as a local legal advisor to Baker & McKenzie and successfully consulted the major natural gas provider for Europe – Gazprom Export LLC. Our law firm provided legal advice on the local energy regulations and commercial legislation, including the potential enforcement of an arbitration award of the International Chamber of Commerce (ICC) in Bulgaria.

Georgiev, Todorov & Co. is the legal representative of Kornikom in the only foreign investment dispute of a Bulgarian company against a state for 2019.  The matter requires specific knowledge of the Bilateral Investment Treaty (BIT) between Serbia and Bulgaria as the claim was for an unlawful termination of a privatization agreement. Our lawyers acted as a local council to the international law firm White & Case and the Serbian NSTLAW in the arbitration procedure of Kornikom before the International Centre for Settlement of Investment Disputes (ICSID).

Another recent win is related to the representation of BMF Port Burgas (the concessionaire of two terminals of the second biggest port in the country) in a dispute with the national grid operator. The European Court of Justice upheld the argument put forward by our law firm on the scope of an EU Directive and the discretion allowed in national legislation.

Our department is preferred as a trusted legal advisor by key companies such as G.P. Group, Agricultural State Fund, Bulgarian National Bank; Aurubis Bulgaria (the leading cooper producer in Bulgaria); several municipalities; Acibadem City Clinic Group (the largest group of medical institutions in Bulgaria), National Association of Property Developers, Albena AD (the largest hotel resort in Bulgaria on the Black Sea), Dundee Precious Metals (operates one of the biggest gold mines), Business Park Sofia (the largest office park in Central and Eastern Europe) and AG Capital.

Georgiev, Todorov & Co. is a popular choice for clients for both court representation and consultations due to the lawyers’ personal approach which enables them to add value through their in-depth market knowledge, tailored advice offered, multidisciplinary expertise and seamless capacity to handle various legal issues efficiently.