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

Georgiev, Todorov & Co
27 PARCHEVICH STREET
1000 SOFIA
Bulgaria

Bulgaria > Dispute resolution Tier 1

Georgiev, Todorov & Costands out for its excellent litigation practice’ and has experience in arbitrations, high-value disputes and administrative proceedings across various industry sectors. Practice leaders Ivan Todorov and Arno Mamasyan led the team which acted as co-counsel to White & Case and NSTLAW in the investment arbitration of Kornikom before the ICSID. Other key members of the practice include Mariya Derelieva, who ‘has a very good track record in her dispute resolution practice’, and Tsvetelina Dimitrova, who is engaged in a variety of administrative and commercial cases.

Practice head(s):

Testimonials

‘The team is very approachable, knowledgeable and efficient. They provide excellent legal services and leave no stone unturned.’ 

‘They have a profound appreciation of clients’ values and align with our needs. Our collaboration with Mr. Ivan Todorov, Ms. Maria Derelieva and Ms. Margarita Ivanova are based on their formidable knowledge and in-depth experience with business specifics. The most important aspect is the firm’s integrity in terms of servicing and managing client relationships, and the ethical standards.’ 

‘I have worked with Maria Derelieva and Ivan Todorov. Mr. Todorov is a highly experienced lawyer, with years of experience on different legal matters. He is a strategic leader, very skilful and wise, which clients find precious. Ms. Derelieva is an excellent young lawyer, with great litigation and arbitration skills, and an understanding for every bit of complex and high profile cases.’ 

‘The lawyers in Georgiev, Todorov & Co. have extensive knowledge and long-term experience in the area, as well as a unique combination of skills to be equally competent both in providing consultations and representing us in court if needed. The team gives us comfort to benefit from their client-orientated approach, which allows us to always understand the legal implications of our issues and be able to discuss matters with the lawyers to reach the best possible result. Georgiev, Todorov & Co. really values its loyal clients and we have been using their legal services for over seven years. In addition, they are a leading firm in dispute resolution which allows us to feel safe as they not only know the regulatory framework in the sector, the practice but solves issues with ease, prepares tailored solutions for matters and stands out for its excellent litigation practice.’ 

‘My opinion is that the law firm has knowledgeable and motivated lawyers, who are great litigators and can assist on both local and international legal matters. I highly recommend the senior partner Arno Mamasyan. He has strong litigation skills, broad legal knowledge in multiple industries and legal fields, and is always determined to bring matters to a successful end. I am impressed by his legal representation in court, and I have not seen any weaknesses.’ 

‘Our company regularly works with Mariya Derelieva. She has a straight-forward approach and provides us with accurate responses to all our queries. Her litigation skills are strong, and she has a very good track record in her dispute resolution practice. She is an expert in the energy field, and we trust her for solving various legal issues.’ 

‘Due to the complexity of our matter, we work with a team of lawyers. First of all, the managing partner of Georgiev, Todorov & Co. is the key lawyer due to his long-term experience, litigation strategy and excellent public speaking skills. In addition, the senior partners Arno Mamasyan and Alexander Pachamanov support us due to the outstanding negotiation and analytical skills of the former, and the specific knowledge of the maritime industry and communication skills of the latter. Lastly, we are really satisfied of the great research skills, logical thinking and writing skills of the recently appointed partner Tsvetelina Dimitrova.’ 

‘Our company mainly works with Miglena Peneva, who is our trusted lawyer and main point of contact. Miglena is a skilled lawyer, a prominent litigator, familiar with all specifics of the national and EU procedures which allows her to find the best legal approach to every situation. She has exceptional knowledge and vision for the timely and successful solution of the cases.’ 

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 JSC

Asarel Medet

Aurubis Bulgaria

Balkam Group

BMF Port Burgas

Brikel

Bulgarian National Bank

Bulgarian Posts

Bulgarian Telecommunications Company

Commission for Protection against Discrimination

COMSED

Contract City

DMV

Dolna Mitropoliya Municipality

Este Properties

Euromax Services/Bulgarian Chamber of Mining and Geology

Galchev Engineering

Gazprom Export LLC

Gimel Organic

Grand Energy Distribution

G.P. Group

Heating Plant Bobov Dol (ТEC Bobov Dol)

Hydroinject & Subev 2002

Hydro Power Utilities

Institute for Medical Research

International Asset Bank

KG Maritime Shipping

Kornikom

Magic Bet

MBAL City Clinic Sv. Georgi

MBAL Doverie

MBAL Evropa

MBAL Uni Hospital

Metroreklama & MOUTION ARTS

Ministry of Agriculture, Foods and Forestry

MTK Trans

Multi Had Ltd.

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

STUDENTSKI STOLOVE I OBSHTEZHTIYA

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

  • Advising G.P. Group regarding an insolvency case initiated due to the bankruptcy of one of the consortium members appointed for the construction of the third metro line of Sofia city.
  • Representing Agriculture State Fund on 70 cases regarding appeals against acts for establishment of public state receivables for approximately €20m.
  • Consulting Aurubis Bulgaria in a property related matter against a municipality for a structurally defining asset for the activity of the factory.

Bulgaria > EU and competition Tier 1

Georgiev, Todorov & Co is noted for its expertise in competition disputes – concerning issues such as exclusionary distribution practices, monopoly and abuse of dominant position and trademark infringement – on behalf of its impressive roster of clients. On the non-contentious side, the team’s workload includes marketing campaigns, acquisitions and procedures relating to local and EU competition regulations. Practice leader Alexander Pachamanov acts for clients in the transport and telecoms sectors on competition and antitrust mandates. Arno Mamasyan and Tsvetelina Dimitrova are key contacts in the team.

Practice head(s):

Testimonials

‘We decided to work with this firm because of the experience and success rate they have in energy matters and their in-depth knowledge in the dispute resolution and transport fields. The exceptional litigation skills, in-depth knowledge of energy regulations and the jurisprudence of the CJEU are among the main strengths of the team that helped us successfully solve our dispute.’

‘The firm always delivers on information on time, has transparent billing and offers great value. In the past year, their team used various platforms to communicate with us in a safely manner due to the pandemic of COVID-19 to finalize our dispute.’

‘The practice uses an approach to building trust by setting priorities for work, using people who have already entered a specific task and mostly based on the goal that the client wants to achieve in order to find the most appropriate ways to do it. Fast, timely personal contact and approach is maintained.’

‘Close contact and honesty in the relationship are typical. Behavior is not just something to be done, but to be done so that it is satisfactory for the client. They are not afraid to take on tasks with great urgency and at the same time with extensive documentation.’

‘I am very pleased with my work with Alexander Pachamanov, who is the basis of all consultations.’

Key clients

Albena Sport 2000

AWANTYS Group

Balkam Group

BMF Port Burgas

Bulgarian Telecommunications Company

COMSED

European Parliament

Gazprom Export LLC

Gimel Organic

METRO Cash & Carry Bulgaria

Metroreklama & MOUTION ARTS

NURTS Digital

Roche Bulgaria

Sofia Bikes Association

Vivacom

Work highlights

  • Successfully defended Balkam Group against a claim of unfair competition made by Jacobs Douwe Egberts Bulgaria.
  • Consulted METRO Cash & Carry Bulgaria on the process of transposing into Bulgarian national law the requirements of Directive (EU) 2019/904 on the reduction of the impact of certain plastic products on the environment and bringing the company’s activities in line with European Union law.
  • Successfully represented Bulgarian Telecommunication Company in proceedings for prohibition of unfair competition.

Bulgaria > Intellectual property Tier 1

Georgiev, Todorov & Co provides ‘excellent legal advice and court representation for all intellectual property matters’, ranging from licensing and copyright issues to patent and trademark registrations, among others. The team includes key adviser Tsvetelina Dimitrova, who has ‘valuable experience in the sector’ and represented Nexo Capital in an appeal against the Patent Office for the deregistration of a trademark, alongside practice co-leader Arno Mamasyan. Other key members include managing partner and team co-leader Ivan Todorov, and ‘excellent associateMargarita Ivanova.

Practice head(s):

Testimonials

‘The law firm provides us with excellent legal advice and court representation for all intellectual property matters, as well as on corporate and commercial issues. We are particularly impressed with how quickly and efficiently they resolve the matters with which we require legal assistance.’

‘The team is very client oriented, and they always respond to our needs with care. Some of the reasons why the practice is unique is the combination of excellent litigation skills and consultancy, as well as the extensive use of various encrypted applications which made it easier and safer to communicate despite the pandemic of COVID-19.’

‘Tsvetelina Dimitrova: She is a rising star in the team, has great work ethics, an efficient approach and is willing to think outside the box. Intellectual property is one of her specialisms and she has excellent knowledge and valuable experience in the sector.’

‘Our team mainly works with Tsvetelina Dimitrova and Margarita Ivanova. Among the strongest qualities of Tsvetelina are organisational skills, knowledge of EU regulations in both corporate and intellectual property law, her attention to detail and commercial awareness. Margarita, on the other hand, is an excellent associate with great research skills, who is very easy to communicate with.’

‘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 issue but also contribute to the future success of the company. In addition, due to the limitation of meetings in the past 12 months, their team was open to using various social platforms such as Zoom and Microsoft Teams so more urgent issues are discussed in a timely manner.’

‘We regularly work with Tsvetelina Dimitrova, who is an exceptional lawyer. She is very dedicated and attentive. She has demonstrated excellent knowledge in this field and provided us with irreproachable legal services.’

Key clients

Alliance Print

Backbar Club

BORICA

Catalana de Investigacion y Desarrollo de Electronica SL

Ciela Norma

Dench eGaming Solutions

Duplex International

Evros K&P

Experian Bulgaria

Farant

Finance Group 2013

Hill Clinic

Nexo Capital

On Clinic

Software Point

Work highlights

  • Protected the interests of Nexo Capital for de-registration of a trademark by appealing a decision of the Patent Office before the court.
  • Advised Evros K&P in relation to the company’s ability to import goods with the trademark of a luxurious brand on the territory of Bulgaria.
  • Advised Catalana de Investigacion y Desarrollo de Electronica SL on possible legal actions to be undertaken against Mar 2000 Ltd., a company which has imported identical toys from China under the same brand.

Bulgaria > Transport (including shipping) Tier 1

Counting BMF Port Burgas, BalkanTel and KG Maritime Shipping among its key list of clients, Georgiev, Todorov & Co’s diverse caseload includes project developments, public procurements and concessions, in addition to the implementation of policies and litigation. Alexander Pachamanov leads the practice group and focuses on regulatory, corporate and competition matters in this space, while real estate and construction partner Miglena Peneva handles major infrastructure projects. Tsvetelina Dimitrova, who advises clients across the shipping and vehicle manufacturing industries, is a key member of the team.

Practice head(s):

Testimonials

‘Miglena Peneva is a hard-working, goal-driven professional, whose specialism is real estate and construction, as well as projects and public procurement, and therefore is able to see all legal implications of the issues which most often leads to an effective result for the client. In addition, she is an excellent litigator with outstanding negotiation skills and this allows her to represent us in court if needed.’

Key clients

Advance Properties

Alfred C. Toepfer International

Balkantel

BMF Port Burgas

Bulgarian Posts

Duvenbeck Logística S.L.U.

Fleet Services

Galchev Engineering

G.P. Group

Ingstroyengineering

KG Maritime Shipping

Metroreklama

MTK Trans

Port of Burgas

Solaris Bus & Coach

Sofia Bikes Association

Work highlights

  • Advising the state company Port of Burgas on a dispute with a licensed distribution grid operator, which was a subject of consideration by the Court of Justice of the European Union.
  • Supporting Solaris Bus & Coach S.A. on its participation in public procurements projects in Bulgaria for delivery of trolleybuses.
  • Represented Sofia Bikes Association in the negotiations with Sofia Municipality for a first-of-its-kind concession for renting bicycles in Bulgaria.

Bulgaria > Banking, finance and capital markets Tier 2

Georgiev, Todorov & Co provides representation to major banks, including the Bulgarian National Bank, in high-stakes disputes and assists asset and wealth management firms in transactions and regulatory matters. The team is led by Arno Mamasyan, who recently represented the International Asset Bank in a €20m dispute regarding the execution of special pledges and acquisition of properties. Miglena Peneva focuses on real estate finance mandates, as well as the financing aspects of EU projects. Mariya Derelieva and Tsvetelina Dimitrova remain key contacts in the team.

Practice head(s):

Testimonials

‘Our main contacts in the law firm are Arno Mamasyan and Tsvetelina Dimitrova. Arno’s strengths lie in his long term experience, in-depth knowledge of corporate and commercial regulations and negotiation skills. Tsvetelina is a great communicator, manages to work under pressure and has a PhD in International Law, which lets us feel even more secure due to her additional knowledge of foreign statutes and ability to protect our interests abroad as well.’

Key clients

Alfred C. Toepfer International

AG Capital

Agricultural State Fund

BlackPeak Capital

BORICA

Bulgarian National Bank

Bulgarian Posts JSC

Bulgarian Telecommunications Company (BTC)

Dolna Mitropoliya Municipality

Entrea Capital

Fleet Services

International Asset Bank

Max Select

Silistra Municipality

Sliven Municipality

Water Supply and Sewerage, Smolyan City

Work highlights

  • Representing Agriculture State Fund on 70 cases regarding appeals against acts for establishment of public state receivables for approximately €20m.
  • Representing Bulgarian Posts JSC in several court cases against bank institutions and before the National Revenue Agency.
  • Successfully represented the International Asset Bank in a €20m dispute regarding the execution of special pledges and acquisition of properties.

Bulgaria > Energy and natural resources Tier 2

Georgiev, Todorov & Co combines its ‘experience in the energy sector, excellent track record in litigation and great communication with clients’ to represent electricity and renewable producers, gas and oil refineries and natural resources companies, in regulatory and court proceedings. Elsewhere, the team also handles non-contentious mandates, including energy infrastructure and development projects. Managing partner Ivan Todorov jointly leads the practice alongside Mariya Derelieva, who represents cogeneration and renewable producers in disputes. Both Arno Mamasyan and Nikolay Lazarov are key members of the team.

Practice head(s):

Testimonials

‘Mariya Derelieva is the main contact. She is a very precise and sharp-witted lawyer applying smart solutions to our complex legal issues. I am truly amazed at her strong litigation skills and substantial knowledge in energy legislation. In addition, we worked with Nikolay Lazarov, who has great communication skills, is very experienced in the energy field and easily solves various issues in the field.’

‘The team of Georgiev, Todorov & Co has impressed us with their accuracy, speed of work and efficient legal advice. They have extensive experience in the energy sector, excellent track record in litigation and great communication with clients. This combination makes the firm a preferred choice for us.’

‘Our main lawyer is Dobrina Pavlova, who has over a decade experience in the energy and natural resources sector. She knows all the specifics in the sector, is very easy to communicate with, has excellent analytical skills and is able to do an in-depth research and provide prompt replies to all of our enquiries in the field. We cannot express how happy we are with the legal assistance provided by her.’

‘We chose to work with Georgiev, Todorov & Co. due to their established reputation in the energy and natural resources field. Their team is highly competent in the energy regulations, has outstanding negotiation skills which are perfectly combined with an impressive litigation practice. Their lawyers are easy to communicate with and often collaborate very well while working in a team to give the most precise legal assistance to solve a complex matter.’

‘Our company has mainly worked with Mariya Derelieva. She is an exceptional professional, with a deep understanding in the field and huge availability. In addition to that, Derelieva has a very thorough approach and offers efficient legal advice.’

Key clients

Obonato Build

Albena

Asarel Medet

BMF Port Burgas

Bulgarian Chamber of Mining and Geology/Euromax Services

Energoconsult

European Trade of Energy

Gazprom Export LLC

Gimel Organic

Grand Energy Distribution

Hydroenergy Association

Hydro Power Utilities

Lubricants Importers Association

Multi Had

National Association of Property Developers

Port of Burgas

TEC Maritsa 3

TEC Bobov Dol

Tibiel

Toplivo Corporation

Toplofikacia Pernik

Toplofikacia Ruse

Toplofikacia Sliven

Union Hydro

Union of the producers of Green Energy

Work highlights

  • Consulted and represented Gazprom Export LLC in the sale of its shares in Overgas Inc., together with Baker McKenzie.
  • Successfully resolved the dispute of BMF Port Burgas with the licensed distribution grid operator, which was a subject of consideration by the Court of Justice of the European Union.
  • Representing Grand Energy Distribution on а court claim for approximately €9m arising from the COVID-19 pandemic against a state owned nuclear power plant for amendment of prices of electricity, as a result of a significant deviation from current market levels due to the force majeure situation.

Bulgaria > Healthcare and life sciences Tier 2

Georgiev, Todorov & Co delivers an ‘unparalleled service’ to clients across the pharma and healthcare sectors, including major hospitals, pharmaceutical and cosmetics companies, when it comes to strategically significant disputes. The team, which also advises on regulatory, corporate and IP matters, successful defended Balkam Group against an alleged unfair competition claim before the Commission for Protection of Competition. Managing partner Ivan Todorov leads the practice and is supported by Tsvetelina Dimitrova, Mariya Derelieva and associate Margarita Ivanova.

Practice head(s):

Testimonials

‘Ensuring compliance with the increasingly complex and pervasive nature of regulation in the healthcare sector requires expert advice and support. Our collaboration with Prof. Ivan Todorov, Ms. Maria Derelieva and Ms. Margarita Ivanova have proven excellent results when clear and decisive advice is required. We continuously receive seamless advice, and our legal problems are analysed from every necessary angle. These exceptional professionals provide a prompt, proactive and timely service in various difficult cases.’

‘The team of Georgiev, Todorov & Co. understand the details of the business, they have a consistent and sustainable approach towards the needs of the client. At all stages, the legal team is involved hands-on with our case, thus delivering unparalleled service.’

‘Our team mainly works with the recently appointed partner Tsvetelina Dimitrova and associate Margarita Ivanova. Tsvetelina is hard-working and client oriented. Margarita has an eye for detail and creative methods of solving legal issues. Pharmaceutical law and healthcare are some of her specialisms, she really enjoys working in the field, and that helps her have additional knowledge and an interesting viewpoint for most of our questions.’

‘We think what makes this practice unique is the well-grounded people and professionalism.’

‘The team is very dedicated, and all of the team know everything about the case. No matter who I discuss the matter with, they are all well prepared. They do not hesitate to ask about all details, including outside of the case itself, so they can understand deeply the scope of the businesses and thus defend it.’

Key clients

Acibadem City Clinic Tokuda Hospital

Acibadem City Clinic University Hospital

Bul Med Investment

Hill Clinic

Institute for Medical Research

Liulin Hospital

MBAL City Clinic Sveti Georgi

MBAL Doverie

MBAL Evropa

MBAL Uni Hospital

On Clinic

Recordati

Roche Bulgaria

SGP Bio Dynamics

Work highlights

  • Successfully defended on three instances several hospitals from the Acibadem City Clinic Group (including Tokuda and University Clinic) against the National Health Insurance Fund (NHIF) concerning payments for medical care provided to health-insured patients above the limits set by the NHIF for approximately €8m.
  • Representing Bul Med Investment against a court claim filed by the Ministry of Healthcare in relation to a non-fulfilment of a contract for a public procurement procedure for hospital equipment with penalties of approximately €2.8m claimed.
  • Advising Institute for Medical Research on a dispute with a German company in relation to the conduct of medical genetic research for detection of genetic mutations in cancer patients and the execution of the contract concluded.

Bulgaria > Real estate and construction Tier 2

Combining its ‘specific expertise in the field of real estate’ and ‘exceptional litigation skills’, Georgiev, Todorov & Co represents its roster of clients, including AG Capital, Contract City and Tobo Group, in high-end disputes and has demonstrable experience in development and transactional matters. Litigator Miglena Peneva leads the practice group, which includes associate Toma Drashkov, and has impressed clients with her ‘in-depth knowledge’ of real estate projects. The team’s caseload includes defending Business Park Sofia in relation to an amendment to the territorial plan for its real estate properties.

Practice head(s):

Other key lawyers:

Testimonials

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

‘The law firm has an amazing reputation in the real estate sector in Bulgaria, many key clients in the field, as well as long term experience.’

‘Georgiev, Todorov & Co. has specific expertise in the field of real estate, is well-known with for its exceptional litigation skills, and is always available to assist its clients and find the right legal approach to solve their issues no matter how complex they might be.’

‘In the time of a state of emergency in Bulgaria, when meetings with clients were restricted, the team remained available through the use of technology.’

‘We have worked individually with Miglena Peneva, we chose her for her outstanding people-client approach and devotion.’

Key clients

AG Capital

Alfred C. Toepfer International Netherlands

Artemida BSI

Artmonbat JSC

Aurubis Bulgaria

Best Places

Bigla 3

BLD

Business Park Sofia

Contract City

Este Properties

European Parliament

Fleet Services

Galchev Engineering

G.P. Group

Ingstroyengineering

Ministry of Agriculture, Food and Forestry

National Association of Property Developers

Pamporovo

Shalev Investment Group

Sliven Municipality

Studentski Stolove i Obshtezhitiya

Tobo Group

Vatia Holding

Yambol Municipality

Work highlights

  • Protected the legal interests of Business Park Sofia in relation to an amendment to the detailed territorial plan for its real estate properties.
  • Advising Contract City on matters and disputes related to the construction of land mark buildings in Sofia city.
  • Representing Tobo Group in several real estate matters with a total value of approximately €5.525m.

Bulgaria > TMT Tier 2

Georgiev, Todorov & Co combines its advisory and unmatched litigation capability to act for publishing and IT companies, including Ciela Norma, Alliance Print and Experian Bulgaria, and telecoms operators in high-end disputes, as well as corporate, finance and regulatory matters. Practice leader Alexander Pachamanov focuses on corporate and competition issues in the telecoms sector, and advises cable television, satellite and mobile networks on licensing mandates. IP specialist Tsvetelina Dimitrova is another key member of the team.

Practice head(s):

Other key lawyers:

Testimonials

‘Our constant impression is that the whole team demonstrates a customer-orientated skills and provides a high-quality service. We can mention Alexander Pachamanov because his knowledge and experience are exceptional in the field of local and EU regulations in the TMT sector as well as in litigation and commercial legislation. He also obtains a broad expertise in the legislation applicable to the corporate issues, financing and bonds.’ 

‘Our company has been working with Georgiev, Todorov & Co. for several years already. The combination of experienced and younger lawyers gives a great combination of theoretical knowledge and business-oriented approach, which is always positive, especially in TMT as the sector is constantly developing. The team is highly professional, reliable and precise. I am impressed with their strong market understanding and suitable advice.’ 

‘Tsvetelina Dimitrova impressed us with her outstanding friendly approach and communication skills, which let you easily trust her. In addition, she has excellent research skills and always reaches practical solutions.

‘Alexander Pachamanov – we cannot recommend him highly enough.’ 

‘The team provides prompt and high-quality services where the motivation of the lawyers and their level of expertise are constantly expressed. We assess the level of service as excellent, and we emphasise that the answers to the legal questions were provided by Georgiev, Todorov & Co. Law office in due time. Responses were accurate and always provided in close cooperation with in-house lawyers of the company.’ 

Key clients

Alliance Print

Balkantel

Bulgarian Telecommunications Company (BTC)

Borica

BTC Net

Ciela Norma

Experian Bulgaria

Fleet Services

GPS Bulgaria

Metroreklama & Motion Arts

NURTS Digital

Vivacom

Work highlights

  • Advising Borica on various matters, including recent consultations on IP rights over the architectural designs of the headquarters, as well as for the administrative regime for digitisation of handwriting for historically significant figures for Bulgaria.
  • Represented Bulgarian Telecommunications Company in an unfair competition case against the national association of small and medium-sized cable operators.
  • Consulted Ciela Norma in relation to a license agreement for transfer of software rights for the machines intended for the first machine voting for the Parliament elections in Bulgaria.

Bulgaria > Commercial, corporate and M&A Tier 3

Georgiev, Todorov & Co provides ‘expeditious’ advice to domestic and international clients on a range of commercial and corporate matters across the energy and natural resources, TMT and healthcare sectors, with a strong focus on contentious matters. Corporate partner Arno Mamasyan leads the team and is supported by ‘client-orientedTsvetelina Dimitrova and attorney-at-law Margarita Ivanova, who acts for clients in the pharmaceutical and healthcare sectors on commercial matters.

Practice head(s):

Testimonials

‘Our main contacts in the law firm are Arno Mamasyan and Tsvetelina Dimitrova. While Arno’s strengths lie in his long term experience, in-depth knowledge of corporate and commercial regulations and negotiation skills, Tsvetelina is a great communicator, manages to work under pressure and has a PhD in International Law, which lets us feel even more secure due to her additional knowledge of foreign statutes and ability to protect our interests abroad as well.’

‘I believe the greatest assets of the individuals are their responsiveness and reliability.’

‘Our team mainly works with the recently appointed partner Tsvetelina Dimitrova and the associate Margarita Ivanova. Tsvetelina is hard-working and client-oriented. She also has extensive knowledge of EU and international law regulations which was essential for resolving our issues at the time of a global pandemic. Margarita, on the other hand, has an eye for detail and creative methods of solving legal issues. Pharmaceutical law and healthcare are some of her specialisms, she really enjoys working in the field, and that helps her have additional knowledge and an interesting viewpoint on most of our questions.’

‘Georgiev, Todorov & Co are extremely expeditious, work quickly and in excellent interaction with external service providers when needed.’

‘Our team mainly works with Tsvetelina Dimitrova and Margarita Ivanova. Among the strongest qualities of Tsvetelina are organisational skills, knowledge of EU regulations in both corporate and intellectual property law, her attention to detail and commercial awareness. Margarita, on the other hand, is an excellent associate with great research skills, who is very easy to communicate with.’

‘My contacts are mainly with lawyer Margarita Ivanova. She is extremely responsive, regardless of working hours or during breaks, she always answers calls and gives quick enough answers.’

Key clients

AG Capital

Alfred C. Toepfer International Netherlands

Alliance Print

Antol

AWANTYS Group

Backbar Club

BalkanTel

BlackPeak Capital

BORICA

Bulgarian Telecommunications Company

Ciela Norma

COMSED

Dench eGaming Solutions

Duplex International

Entrea Capital

Experian Bulgaria

Gazprom Export

Galchev Engineering

Fleet Services

Hill Clinic

Infinity travel

METRO Cash & Carry

Metroreklama & MOUTION ARTS

MTK Group

NM Genomix

Nurts Bulgaria

On Clinic

Progetti Plant S.R.L.

RECORDATI S.p.A.

Resalta Bulgaria

Roche Bulgaria

Solaris Bus & Coach S.A.

Toplofikacia Ruse

Work highlights

  • Consulted and represented Gazprom Export in the sale of its shares in Overgas Inc., together with Baker McKenzie.
  • Assisted Solaris Bus & Coach on the procedure for liquidation of its subsidiary in Bulgaria and currently supporting the client in its participation in public procurements projects in Bulgaria.
  • Advising G.P. Group on an insolvency case in Bulgaria for the construction of the third line of the subway in Sofia and the involved receivables from a bank which have been challenged.

Bulgaria > Projects and PPP Tier 3

Georgiev, Todorov & Co counts investors, municipalities and companies, including Vatia Holding, G.P. Group and Galchev Engineering, among its roster of clients and advises on infrastructure and real estate projects, including public procurement, due diligence, planning and development, and construction. ‘Goal-driven professional’ and practice leader Miglena Peneva specialises in real estate and construction projects, while Arno Mamasyan provides representation to clients, such as Galchev Engineering, in disputes.

Practice head(s):

Other key lawyers:

Testimonials

‘Miglena Peneva is a hard-working, goal-driven professional, whose specialism is in real estate and construction, as well as projects and public procurement, and therefore is able to see all legal implications of the issues which most often leads to an effective result for the client. In addition, she is an excellent litigator with outstanding negotiation skills and this allows her to represent us in court if needed.’

Their team also has in-depth knowledge of the legal framework of the EU.

The team remained available via social media platforms despite the pandemic which allowed is to feel secure that our legal interests are protected.

The team is comprised of experts, who strictly monitor the development of the regulatory framework and court practice.

Key clients

AG Capital Holding

Agricultural State Fund

Alfred C. Toepfer International Netherlands

BlackPeak Capital

Ciela Norma

Dolna Mitropoliya Municipality

Este Properties

Galchev Engineering

G.P. Group

Ingstroyengineering

Metroreklama & MOUTION ARTS

Ministry of Regional Development and Infrastructure

National Association of Property Developers

MTK Trans

Obonato Build

Progetti Plant SRL

Sliven Municipality

Shalev Investment Group

Sofia Bikes Association

Toplivo Corporation

Yambol Municipality

Vatia Holding

Work highlights

  • Advising Vatia Holding on the concession procedure with an investment of €20m for building plants for extraction and processing of aggregates, with a main focus – production through a complete cycle of kaolin and glass.
  • Consulting Yambol Municipality on a project which aims to ensure the protection of health of the population of five municipalities regarding the procedure for issuing a new complex permit for the operation of the installation of “regional landfill for non-hazardous waste”.
  • Advising G.P. Group on two projects with an overall value of €178m for the construction of a sewage treatment plant for drinking water and water supply and the expansion of the metro network in Sofia.

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.

DepartmentNameEmailTelephone
Managing Partner, Dispute Resolution Prof. Ivan Todorov, PhDi-todorov@georg-tod.com+359 2 937 65 38
Senior Partner, Head of Banking and Finance Prof. Valentin Georgiev, PhDoffice@georg-tod.com+359 2 937 65 42
Senior Partner, Head of Corporate and Commercial Arno Mamasyanarno@georg-tod.com+359 2 937 65 42
Senior Partner, Head of TMT Alexander Pachamanovpachamanov@georg-tod.com+359 2 937 65 40
Partner, Head of Real Estate Miglena Penevapeneva@georg-tod.com+359 2 937 65 32
Partner, Head of Tax Georgi Kostolovkostolov@georg-tod.com+359 2 937 65 42
Partner, Dispute Resolution Department Nikolay Lazarovnikolay_lazarov@georg-tod.com+359 2 937 65 42
Partner, Energy Department Mariya Derelievamderelieva@georg-tod.com+359 2 937 65 40
Partner, Private International Law Department Tsvetelina Dimitrova, PhDts.dimitrova@georg-tod.com+359 2 937 65 32
Associated Partner Vladimir Ivanovvlivanov@georg-tod.com+359 2 937 65 00
PhotoNamePositionProfile
 Mariya Derelieva photo Mariya DerelievaPartner Main practice areas: Energy Law and Natural Resources, Dispute Resolution and…
 Tsvetelina Dimitrova  photo Tsvetelina DimitrovaPartner Main practice areas: Corporate and Commercial Law, Private International Law, EU…
 Toma Drashkov  photo Toma DrashkovAssociate Main practice areas: Real Estate and Construction, Corporate and Commercial, Administrative Law,…
 Valentin Georgiev  photo Valentin GeorgievSenior Partner Main practice areas: Banking, Insolvency, Contracts Law, Corporate Law
 Vladimir Ivanov photo Vladimir IvanovAssociated Partner, Head of French Clients Division Main practice areas: EU &…
 Georgi Kostolov  photo Georgi KostolovPartner, Head of Tax Department Main practice areas: Tax Law, Dispute Resolution,…
 Nikolay Lazarov  photo Nikolay LazarovPartner Main practice areas: Administrative Law and Appeals, Energy Law and Natural…
 Arno Mamasyan photo Arno MamasyanSenior Partner Main practice areas: Corporate and Commercial Law, Banking and Finance,…
 Alexander Pachamanov  photo Alexander PachamanovSenior Partner, Head of TMT Department Practice areas: TMT, M&A, Concessions, EU…
 Dobrina Pavlova  photo Dobrina PavlovaSenior Associate Practice Areas: Energy & Natural Resources, Corporate & Commercial, Dispute…
 Miglena Peneva  photo Miglena PenevaPartner, Head of Real Estate Department Practice areas: Real Estate and Construction,…
 Ivan Todorov  photo Ivan TodorovManaging Partner Practice areas: Dispute Resolution, Administrative Law and Appeals, Privatization, Banking,…
 Ivan Tserovski  photo Ivan TserovskiSenior 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.


The firm

Established 30 years ago, Georgiev, Todorov & Co. is a leading Bulgarian law firm, providing full scope legal services. The team of experts built a corporate culture, focused on a decision-oriented approach, which is aimed at understanding the business needs of both domestic and international investors and entrepreneurs in order help them unleash their full potential and achieve their business goals. The outstanding combination of in-depth knowledge of substantive law and the unparalleled expertise in court and arbitral representation enables the law firm to provide tailored legal services and to avoid any potential risks for its clients.

The law firm offers excellent legal advice, proven by multiple top tier rankings in various sectors in prestigious international legal directories, as well as confirmed by certificates by the International Organization for Standardization (ISO). Key areas of expertise are Dispute Resolution, Energy Law, Real Estate, Healthcare and Telecommunications.

The clients

Over the years Georgiev, Todorov & Co. has earned the trust of many clients of significant importance on the Bulgarian market and worldwide.

  • Two key institutions of the European Union: European Commission and European Parliament
  • International pharmaceuticals and cosmetics leaders such as Roche and Recordati S.p.A
  • The biggest hospital chain in Bulgaria – Acibadem City Clinic
  • Major companies in the real estate and construction field – AG Capital, G.P. GROUP JSC, VATIA HOLDING JSC
  • Some of the biggest technological companies: Experian Bulgaria (Anglo–Irish multinational consumer credit reporting company), the largest telecommunications operator in Bulgaria – Bulgarian Telecommunications Company and BORICA (the company, which built the foundations of the technology infrastructure of the Bulgarian payment industry and is still a leader in the provision of services for the financial sector).

The team

Georgiev, Todorov & Co. is made up of highly qualified and experienced professionals with an international background, who can deliver solutions on complex and diverse matters in several languages, including:

  • Bulgarian
  • English
  • German
  • French
  • Russian
  • Armenian

Some of our lawyers have degrees in European Union Law from leading universities such as La Sorbonne and King’s College London, as well as specialisations in universities abroad such as the University of South Carolina.

The network

Georgiev, Todorov & Co. is the only Bulgarian representative in the international organization Lawyers Associated Worldwide (LAW), which has members from over 188 jurisdictions. The law firm is also a member of the international network Vogel Global Competition Network. Due to its exclusive membership to those key international organizations our team has access to a rich information network that provides it with the opportunity to approach leading law firms around the world in multinational disputes.

Where necessary, Georgiev, Todorov & Co.  cooperates with key international law firms such as White & Case LLP and Baker McKenzie for complex issues with international clients. The team has a close relationship with colleagues in many countries, allowing it to manage international matters in a smooth and flexible way with the very best experts in the concerned area and gives the opportunity for advising foreign clients in all aspects of law.

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.