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

Georgiev, Todorov & Co
1000 SOFIA

Dispute resolution Tier 1

Georgiev, Todorov & Co’s team offers an ‘excellent level of service’ and is focused on ‘finding the best possible solution for the client’ in both litigation and administrative proceedings. Alexander Katzarsky has expertise in administrative, corporate and commercial litigation, and acts as an arbitrator in the Bulgarian Chamber of Commerce and Industry, and Mariya Derelieva has a ‘straightforward approach and strong litigation skills’. The team is active in various sectors, including energy and natural resources, construction, healthcare and transport. In a recent highlight, Katzarsky and Arno Mamasyan acted for First Investment Bank in a series of disputes regarding the enforcement of decisions issued against the client by the court of another EU member state, in the territory of Bulgaria, on the basis of bank guarantees. Clients include Port of Burgas, Bulgarian Posts, Vivacom and several hospitals in the City Clinic group.

EU and competition Tier 1

Georgiev, Todorov & Co has ’exceptional knowledge and experience in the field of EU and competition law’. The team acts for companies in the pharmaceutical and cosmetics (F. Hoffmann-La Roche), telecoms (Bulgarian Telecommunication Company and GPS Bulgaria) and retail (Comsed). The practice is led by Ivan Todorov and Alexander Pachamanov, while associate Lena Borislavova specialises in matters related to foreign investments. The team advised Balkantel on the competition law aspects of its proposal for the €95m public procurement project for the design and construction of signalling and telecoms systems on the Plovdiv-Burgas railway line.

Intellectual property Tier 1

Georgiev, Todorov & Co's department is ‘unquestionably experienced and highly professional’ and focuses on trade mark registrations and copyright protection issues. Ivan Todorov and Arno Mamasyan jointly lead the team, which also fields associate Tsvetelina Dimitrova, who 'impresses with her decision-oriented approach, in-depth knowledge and ability to assemble the little details to see the bigger picture'. The groups counts Ciela Production, Borica and Hill Clinic as clients, and also recently advised Asarel Investment on copyright issues relating to its use of photographs and video content on its corporate website.

Transport (including shipping) Tier 1

The department at Georgiev, Todorov & Co has ‘in-depth regulatory knowledge combined with excellent litigation experience, a strong professional approach and brilliant problem solving skills’. Recent mandates for the team include advising BalkanTel on a public procurement project relating to the signalling and telecoms systems along the Plovdiv-Bourgas railway line, and representing BMF Port Burgas in proceedings before the Administrative Court Sofia against a grid operator relating to the supply of electricity for port activities. Cargotec, ADM Bulgaria Logistics and BH Air are also clients. Ivan Todorov and Alexander Pachamanov jointly lead the group.

Banking, finance and capital markets Tier 2

Georgiev, Todorov & Co acts for leading banks, such as Bulgarian-American Credit Bank and Piraeus Bank, and independent asset management companies, such as Expat Capital and Black Peak Capital, and advises on structuring, financing and regulation in capital markets matters. Managing partner Ivan Todorov and senior partner Alexander Katzarsky head the team; Katzarsky and senior associate Arno Mamasyan recently represented First Investment Bank in a series of disputes regarding the enforcement and execution of decisions issued against the client by the court of another EU member state, on Bulgarian territory, on the basis of bank guarantees.

Commercial, corporate and M&A Tier 2

Georgiev, Todorov & Co delivers 'first-class service’ and has a ‘strong understanding of the market’; its lawyers 'are focused on helping clients instead of simply pointing out difficulties’. Senior partners Alexander Katzarsky and ‘exceptional professionalArno Mamasyan are key contacts, as is associate Tsvetelina Dimitrova, who ‘is a great team player with precise observation skills who catches every little detail’. The team regularly handles high-value cross-border matters, particularly in the banking and finance, telecoms and entertainment sectors, for clients including Hill Clinic, the Bulgarian Stock Exchange, Piraeus Bank and Dench eGaming Solutions.

Energy and natural resources Tier 2

Georgiev, Todorov & Co ‘provides excellent advice on every issue’ to clients including electricity and co-generation plants, oil refineries and oil producers, and natural resources companies. The ‘precise and hardworkingMariya Derelieva is ‘always capable of finding the perfect solution’ in complex cases; she and Arno Mamasyan represented Brikel thermal power plant in an arbitration case seeking compensation for damages caused by restrictions on the energy production of the plant imposed by the Electricity System Operator.

Healthcare and life sciences Tier 2

Ivan Todorov heads up the practice at Georgiev, Todorov & Co, which recently advised Roche Bulgaria on negotiations with the National Health Insurance Fund (NHIF) relating to discounts on medicinal products that will be auctioned off to hospitals and related reimbursement issues. Lyulin Hospital, SGP Bio Dynamics and several hospitals in the City Clinic Group are also clients.

Real estate and construction Tier 2

The ‘extremely responsive’ team at Georgiev, Todorov & Co has a ‘client and solution-oriented approach', and provides the full scope of legal services in the sector, including contract drafting, due diligence and dispute resolution. The European Parliament, BMF Port Burgas and AG Capital are major clients. The team is headed by Ivan Todorov and Arno Mamasyan; the ‘hardworking, goal-driven, dedicated and well-regardedMiglena Peneva, who pays ‘precise attention to detail and finds the best solution to the issues every time’, is also recommended. The firm advised Balkantel on its participation in a €95m public procurement project for the design and construction of signalling and telecoms systems on the Plovdiv-Burgas railway line.

TMT Tier 2

Georgiev, Todorov & Co handles the full range of issues in the telecoms industry alongside notable expertise in broadcasting, media and technology work. The group provides ‘an excellent level of service, accurate responses and exceptional knowledge' and is jointly lead by Ivan Todorov and Alexander Pachamanov; clients praise Pachamanov for his ‘deep understanding of competition law and regulatory legislation in the field’. Key clients include GPS Bulgaria and Vivacom; the group represented the latter before the Bulgarian Commission for Protection of Competition in abuse of dominance proceedings.

Established in 1991, Georgiev, Todorov & Co. Law offices in one of the first Bulgarian law firms.  Currently we are one of the largest business law firms in the country consisting of seven partners and 52 lawyers who have always been proud to provide excellent legal services.

The firm 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 large local clients and a range of foreign investors.

More than 25 years ago, Georgiev, Todorov & Co. founded one of the most successful law firms in Bulgaria. Our team built a corporate culture focused on a decision-oriented approach, helping our clients to unleash their potential.

One of the firm’s main advantages is the outstanding combination of a deep knowledge of the country’s substantive laws and regulations and high expertise in judicial and arbitration representation and practice.  This enables the firm to provide specifically tailored legal services and to avoid any potential problems and risks for its clients.

Georgiev, Todorov & Co. is a member of reputable and highly recognized global legal organizations such as LAW – Lawyers Associated Worldwide and Vogel Global Competition Network. This provides the firm with access to extensive information and professional networks, giving it the opportunity to advise foreign clients regarding legal issues in all aspects of law.

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

ISO/IEC 20000-1:2011

The tremendous results accomplished by its highly qualified and competent team ensure Georgiev, Todorov & Co. is one of the leading law firms in Bulgaria.  The firm guarantees the most accurate service to its clients, especially in the areas of Dispute resolution, Energy and natural resources, Banking and finance, Administrative proceedings, Corporate and commercial, Competition law, M&A, TMT, and other large business transactions.

Areas of practice:  Dispute resolution: Georgiev, Todorov & Co. is the leading Bulgarian law firm in dispute resolution. Over the 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 the largest privatization transactions in Bulgaria. Georgiev, Todorov & Co. has extensive expertise in administrative, corporate and commercial litigation, financial issues, insurance, insolvency, regulatory matters, etc. 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.

Telecommunications: Georgiev, Todorov & Co. covers all aspects of the telecommunications industry as well as broadcasting, media and technology. Its expert lawyers provide legal advice on acquisition and project finance, capital markets, mergers and acquisitions related to the telecommunications industry. The firm has participated in the major telecommunications deals in the history of the Republic of Bulgaria. Its clients are companies with significant importance such as operators, service providers, technology providers and many others. Georgiev, Todorov & Co. is the legal adviser of the major key player in the Bulgarian telecommunication market – the Bulgarian Telecommunication Company.

Energy: Georgiev, Todorov & Co. has extensive experience in the field of energy law serving both Bulgarian and international clients regarding legal issues in the energy sector. Energy-related legal consultancy and litigation 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 major energy infrastructure and development projects with a strategical significance for the Bulgarian energy sector.

The firm provides legal consultancy and representation both in regulatory and court proceedings to electricity, renewable and cogeneration producers, to gas and oil refineries and oil producers and to natural recourse companies. The team’s in-depth knowledge of the energy regulatory framework and excellent dispute resolution practice makes Georgiev, Todorov & Co. a reliable and trusted partner highly valued by its clients.

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. Besides providing legal advice, the firm often fulfills the role of a business consultant, working as part of an in-house team to provide a first-rate service.

EU & Competition: Georgiev, Todorov & Co. is recognized as a leading law firm in competition law. 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 firm is involved in consulting and representing some of the most significant cases in the Bulgarian market in respect of unfair competition regarding key market players.

The firm’s expertise covers the whole spectrum of national and EU competition issues: antitrust, state aid, public services and services of general economic interest, merger control, with a particular focus on antitrust and State aid compliance and litigation.

Real Estate: The real estate team provides full scope of legal services including contract drafting (sale and purchase agreements, construction agreements, contracts for establishing real rights), due diligence (complex analysis of real rights, ownership, territorial status of properties, planning of territory), representation before the institutions and dispute resolution for administrative and judicial matters on a daily basis for a group of construction companies and real estate entrepreneurs.

Tax: The firm’s tax department has strong expertise in this field. The tax team offers a comprehensive planning and consulting service to various clients, providing expert tax advice in the areas of corporate finance, banking, financial services and real estate. The team is well known for its strength in tax litigation, protecting the clients’ interests and successfully representing them before the Bulgarian tax authorities.

Banking & Finance: The firm provides banking advice in relation to transactional and strategic advisory work. The team advises a wide range of borrowers, lenders, issuers, underwriters and other advisers in relation to debt finance and in respect to capital markets activity.

The team’s lawyer personal approach enables it to add value to its clients through in-depth local market knowledge, its multi-disciplined expertise and seamless ability and capacity where appropriate, to implement and manage international teams on cross-border projects efficiently and effectively.

Department Name Email Telephone
Managing Partner, Dispute resolution Prof. Ivan Todorov, Ph. D +359 2 937 65 38
Senior Partner, Head of Banking and finance Prof. Valentin Georgiev, Ph. D +359 2 937 65 42
Senior Partner, Head of Corporate and commercial Arno Mamasyan +359 2 937 65 42
Senior Partner, Head of TMT department Alexander Pachamanov +359 2 937 65 40
Partner, Head of Real Estate Miglena Peneva +359 2 937 65 32
Partner, Head of Tax department Georgi Kostolov +359 2 937 65 42
Partner, Dispute resolution Nikolay Lazarov +359 2 937 65 42
Senior Associate, Energy department Mariya Derelieva +359 2 937 65 40
Associate, Privit International Law department Tzevetelina Dimitrova +359 2 937 65 32
Associated Partner, Vladimir Ivanov +359 2 937 65 00
Corporate and commercial Lena Borislavova +359 2 937 65 32
Photo Name Position Profile
Ms Lena Borislavova  photo Ms Lena Borislavova
Miss Mariya Derelieva  photo Miss Mariya Derelieva
Ms Tsvetelina Dimitrova  photo Ms Tsvetelina Dimitrova
Mr Valentin Georgiev  photo Mr Valentin Georgiev
Mr Georgi Kostolov  photo Mr Georgi Kostolov
Mr Nikolay Lazarov  photo Mr Nikolay Lazarov
Mr Arno Mamassian  photo Mr Arno Mamassian
Mr Alexander Pachamanov  photo Mr Alexander Pachamanov
Ms Miglena Peneva  photo Ms Miglena Peneva
Mr Ivan Todorov  photo Mr Ivan Todorov
Number of lawyers : 54
Number of partners : 7
Lawyers' Associated Worldwide (LAW)
Vogel Global Competition Network
American Chamber of Commerce in Bulgaria
British Bulgarian Business Association
ICC Bulgaria

More than 25 years 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. We help build and enrich legal education by supporting national students’ competitions for scientific papers in the field of legal studies as well as national contests for resolving cases, not only by funding the prize stock, but also by participating with its lawyers in the contests’ committees.

The legal team’s professional responsibility is strongly focused on supporting the young colleagues regarding their education and experience gain. That is why Georgiev, Todorov & Co. is always open for providing opportunities for a good start in their young lawyers’ career. The Bulgarian law students who meet necessary requirements might take an advantage of the law firm’s scholarship programme.

We strongly believe that diversity is a major development tool and as legal professionals, we realize the importance of building a diverse team of lawyers. Undoubtedly this diversity initiative allows us to solve our clients’ complex issues better and to provide them with more tailored legal service.

We are proud to share the positive impact of our diversity policy: increasing continuously the female representation in our international legal team.

Outside the legal sphere, the law firm supports a number of charitable causes financially, donates equipment or spend personal time for contributions to the causes. 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.

The development of the diversity and social activity is set in our law firm’s policy and culture as we firmly believe in the principle of the social responsibility and its positive impact on our society.