Firm Profile > Boyanov & Co. > Sofia, Bulgaria

Boyanov & Co.
82 PATRIARCH EVTIMII BOULEVARD
1463 SOFIA
Bulgaria

Banking, finance and capital markets Tier 1

Boyanov & Co.’s banking and finance practice advises on many of the largest and most complex transactions taking place in the country, including the sale of Piraeus Bank’s Bulgarian subsidiaries to Eurobank. The team is particularly experienced in acting for the lenders on high-value syndicated financing; in 2019 it assisted with arranging €100m of acquisition financing from a consortium of three banks to two Bulgarian SPVs in under a month. On the borrower side, the firm has advised on project and acquisition financing across a variety of highly regulated sectors, including telecoms and energy. Damian Simeonov, who heads the practice, is highly praised by clients, as is Yordan Naydenov  and ‘very knowledgeable’ senior associate Ralitsa Nedkova.

Practice head(s):

Damian Simeonov

Other key lawyers:

Testimonials

“The Boyanov practice is extremely well connected and has good insights beyond the actual legal know how. There is clear leadership and focus.’

Key clients

Citibank

Eurobank Bulgaria

UBS AG

European Investment Fund

Deutsche Bank AG, London Branch (UK)

EBRD

Raiffeisen Bank International AG (Austria)

International Investment Bank

European Investment Bank

Sofia South Ring Mall EAD

UniCredit Bulbank AD

Československá obchodní banka

ITower

NBG Pangaea REIC

I & B Real Estate

Nomura

Credit Suisse Securities (USA) LLC

Credit Suisse AG

Commercial, corporate and M&A Tier 1

The corporate, commercial and M&A team at Boyanov & Co. works closely with the banking and finance practice to advise on many of the largest M&A deals in Bulgaria, including in the highly regulated telecoms and banking sectors. Following on from advising on elements of the transaction, the team is providing ongoing assistance with the integration of Piraeus Bank’s former subsidiaries into Eurobank Bulgaria, following the 2018 merger. The group has expertise in cross-border acquisitions, having advised ATI on its €50m acquisition of Telekom Albania from OTE. Raina Dimitrova and Yordan Naydenov jointly lead the team, while Mihail VishaninRalitsa Nedkova and Svetlina Kortenska are other names to note.

Practice head(s):

Yordan Naydenov; Raina Dimitrova

Testimonials

‘The team consists of professionals that are competent in many business areas. The team is motivated to render legal support whenever needed respecting the deadlines.’

‘Yordan Naydenov, head of the M&A practice group, is highly recommended.’

‘Extremely well-connected and has good insights beyond the actual legal know-how. There is clear leadership and focus.’

Key clients

Microsoft Corp.

European Investment Fund

Mondelez International

Piraeus Bank SA

National Bank of Greece

Amazon

Eurobank Bulgaria

Inditex / ZARA

Jacobs Douwe Egberts

Dispute resolution Tier 1

Boyanov & Co.’s dispute resolution practice specialises in commercial and civil litigation, with expertise in proceedings arising from insolvencies, employment law, energy, and IP infringements. Kina Chuturkova, who heads the practice, is a former judge of 21 years’ experience and is a qualified arbitrator, with a permanent seat at the Arbitration Court of the Bulgarian Industrial Association. Former partner Boyko Voynov now occupies a consulting role within the practice, continuing to advise clients in the banking sector on long-running and ongoing disputes. Partner Radoslav Alexandrov is experienced in employment and tax litigation, while Dr Nikolay Kolev advises on energy disputes. The firm counts Wizz Air, UBS, Philip Morris and Bayer among its clients.

Practice head(s):

Kina Chuturkova

Testimonials

‘The team handling our case was able capable to rapidly learn the intricacies of a pretty unusual business process and drafted a successful statement of claims on our behalf.’

 ‘The team were highly capable of understanding our business, paid attention to detail, and gave insightful advice.’

Key clients

Eurobank Bulgaria AD

Ideal Standard – Vidima AD

Solvay Sodi AD

EVN

Philip Morris

Bayer

Behr-Hella Thermoconsult EOOD

International Investment Bank

The Coca-Cola Company

UBS

UniCredit Bulbank AD

Markan OOD

Pro Spedition

GI Group

Wizz Air

Energy and natural resources Tier 1

Boyanov & Co. advises on a wide range of energy matters, including assisting with fossil fuel exploration permits, contractual and regulatory issues in the distribution and supply of natural gas, and public procurement processes in the nuclear energy sector. As well as providing regulatory advice, Damian Simeonov, head of the firm’s banking and finance practice, has experience of financing energy projects. The team also handles mergers, acquisitions and unfair competition proceedings pertaining to the energy sector. Alexander Chatalbashev  heads up the practice, which counts EVN Energy, Westinghouse Electric and Sunowe Solar GmbH among its clients. Counsel Nikolay Kolev is another name to note.

Practice head(s):

Alexander Chatalbashev

Key clients

EVN Elektrosnabdyavane EAD (Bulgaria)

Westinghouse Electric Sweden AB

EVN Elektrorazpredelenie EAD (Bulgaria)

EVN Trading South East Europe EAD

Sevlievo Gas (Bulgaria)

Sunowe Solar GmbH (Germany)

Societa Petrolifera Mediterranea Srl.

EU and competition Tier 1

Boyanov & Co.’s fields a dedicated EU and competition practice. Led by the ‘strategic and focused’ Peter Petrov, the team principally advises on the competition aspects of mergers and acquisitions, both cross-border and within the country, and has a strong track record in obtaining approvals from the Bulgarian and European competition commissions. In addition to the merger clearance work, the practice has advised clients on unfair competition, cartel activity, and abuse of dominance cases, with a notable focus on IP and trade mark infringement mandates. The firm also advises on day-to-day competition compliance, counting Adidas, Philip Morris and Bayer among its clients.

Practice head(s):

Peter Petrov

Testimonials

“BOYANOV & Co are one of my preferred outside counsel firms. They are quick, concise, proactive and their expertise is perfectly balanced and diverse.’

Key clients

Procter & Gamble

AbbVie

Novartis

Merck

Philip Morris

EVN

Bayer

Samsung

Unilever

Mondelez (formerly Kraft Foods)

Siemens

Fraport

Medtronic

Adidas

Vaillant

Lundin

Blackstone

Jacobs Douwe Egberts

Healthcare and life sciences Tier 1

Boyanov & Co. handles a wide range of corporate and commercial matters for clients in the pharmaceutical industry. Kina Chuturkova, who advises on mergers, acquisitions, restructurings, contracts and ongoing regulatory compliance, and Peter Petrov, who is a specialist in pharmaceutical regulation, jointly head the practice. The latter acted for the Association of Research-based Pharmaceutical Manufacturers in Bulgaria (ARPharM) on amending proposed changes to the new regulations on biosimilar pharmaceutical products. The firm advises several major pharmaceutical companies on an ongoing basis, including AbbVie, Merck, GlaxoSmithKline and Medtronic. Nedyalka Novakova is another name to note.

Practice head(s):

Kina Chuturkova; Peter Petrov

Key clients

Sanofi Group companies

Neola Pharma EOOD

Actelion Pharmaceuticals Ltd.

Hoffmann La Roche

Alcon

AbbVie

Shire

ARPharM Bulgaria

Bayer

Novartis

Mylan

GSK

Pharmaceutical Research Associates

inVentiv Health Bulgaria

CST Pharma

Celgene Corporation

Merck

Medtronic

Intellectual property Tier 1

Boyanov & Co. advises on the full spectrum of IP matters, with expertise in trade mark portfolio management, patent registration, software licensing arrangements, and trade secrets. The firm’s IP work is supported by experienced litigators; head of the litigation group Kina Chuturkova has experience in acting in contentious matters ranging from unfair competition and trade mark infringements to  protecting digital intellectual property against software piracy. Stela Sabeva heads the IP practice and advises on IP management as well as litigating in areas including copyright protection, licensing, and patent infringement. Natasha Andreeva, Rossiza Marinova and Marina Mollova are also key contacts within the practice.

Practice head(s):

Stela Sabeva

Other key lawyers:

Key clients

F. Hoffmann-La Roche

Chanel SA

Kaufland

Jacobs Douwe Egberts

Square, Inc.

Philip Morris

GlaxoSmithKline

Porsche Design

Novartis

Metro-Goldwyn-Mayer Studios Inc

Siemens

WD-40 Company

bet365 Group Limited

Real estate and construction Tier 1

The real estate and construction practice at Boyanov & Co. covers long-term lease agreements, due diligence, zoning and planning permissions, construction, and acts for clients in disputes that may arise from such activities. The team is particularly experienced in the commercial aspects of real estate work, advising buyers and sellers on high-value transactions in the sector. The practice is headed up by Nickolay Nickolov, ‘an excellent lawyer’, who worked on the real estate, zoning, and construction aspects of Fraport AG’s bid for the €3.9bn Sofia Airport concession. Senior Associate Iva Miteva is extremely active in the practice, and Svetlana Tsvetkova offers expertise in real estate litigation.

Practice head(s):

Nickolay Nickolov

Testimonials

‘The team has deep knowledge, valuable experience and professional, legal, and business acumen.’

Key clients

Bulgaria Air Maintenance AD

Behr-Hella Thermocontrol GmbH

Kamenitza AD (a Molson Coors brewing company)

Eurobank Bulgaria AD

Hystead Limited

Baumax Bulgaria OOD

SGRF of Oman

Mondelez International (former Kraft Foods International)

Westinghouse Electric Company

Ideal Standard

NBG Pangaea REIC

Markan Holding

Cleves EOOD

GEK-TERNA Group

Fraport AG

TMT Tier 1

Boyanov & Co. advises major telecoms clients on acquisitions, sales, and mergers. The firm advises clients including Vodafone, and Deutsche Telecom on their activities in Bulgaria. The firm also draws on the strength of its banking and finance practice to co-ordinate syndicated financing for large-scale telecoms mergers. It counts a number of high-profile tech firms among its clients; it  performs ongoing regulatory compliance and licence application work for clients such as  Lenovo, and Microsoft. Damian Simeonov, co-head of the banking practice, leads the team, with Nikolay Zisov and Ralitsa Nedkova playing key roles in transactions.

Practice head(s):

Damian Simeonov

Testimonials

‘We worked with Boyanov & Co on M&A project and consequent financing package. The coordination of the project was very good, and their expertise was excellent.’

‘Boyanov & Co is a market-leading law firm with vast experience in the TMT sector and with a drive to protect its clients’ needs.’

Key clients

Telekom Albania

Bulgarian Telecommunications Company (Vivacom)

Link Mobility Group

Apple/iTunes

Cisco

Inmarsat Ventures

Microsoft Bulgaria

Samsung

Post acht Beteiligungs GmbH (Austrian Post)

The European Commission

Comverse

Lenovo International

Software Group – BG

Johnson Controls Inc.

Kapsch CarrierCom AG

Google (www.google.com)

AUDI AG

Transport (including shipping) Tier 1

Boyanov & Co.’s transport practice is particularly active in aviation and aviation finance. In recent years, the firm has worked on aircraft lease arrangements and extensions, securitisation of a leased aircraft portfolio, and organising the transactional aspects of aircraft sales. The team, led by Raina Dimitrova, assisted Fraport with its concession bid for Sofia Airport, and counts WizzAir among its clients.

Practice head(s):

Raina Dimitrova

Key clients

Dubai Aerospace Enterprise

AerCap

Siemens AG

Macquarie Aircraft Leasing Services (Ireland) Limited

CIT Aerospace (currently Avolon)

Apollo Aviation Group (currently Carlyle Aviation Partners)

BOC Aviation Pte. Ltd. (former Singapore Aircraft Leasing Enterprise Pte. Ltd.)

Wizz Air

Engine Lease Finance Corporation

General Electric Capital Aviation Services

Aviation Capital Group, US

Projects and PPP Tier 2

Boyanov & Co.’s projects practice draws on the strengths of its real estate and energy practices. The team seeks to cover a project throughout its life cycle, including on arranging financing, supporting the lease or acquisition of project land, and advising on all zoning, planning, and construction issues that may arise. The team is jointly led by Alexander Chatalbashev and Nickolay Nickolov. Senior associate Mihail Vishanin provides expertise in public procurement and concession procedures.

Practice head(s):

Alexander Chatalbashev; Nickolay Nickolov

Key clients

Baumax Bulgaria OOD

Behr-Hella Thermocontrol GmbH

Bulgaria Air Maintenance AD

Cleves EOOD

Eurobank Bulgaria AD

EVN Elektrorazpredelenie EAD (Bulgaria)

EVN Elektrosnabdyavane EAD (Bulgaria)

EVN Trading South East Europe EAD

Fraport AG

GEK-TERNA Group

Hystead Limited (a subsidiary of South African Hyprop Investments Limited and PDI Investment Holdings Limited)

Ideal Standard

Iskander Energy Corp. (Canada)

Kamenitza AD (a Molson Coors brewing company)

Markan Holding

Mondelez International (former Kraft Foods International)

NBG Pangaea REIC

Nomura

Park Place Energy Corp. (Canada)

Sevlievo Gas (Bulgaria)

SGRF of Oman

Societa Petrolifera Mediterranea Srl.

Sunowe Solar GmbH (Germany)

Westinghouse Electric Company

Embassy of Peoples Republic of China

Silver Star group of companies (subsidiaries of Parkview International, Inc.)

Trelleborg Sealing Solutions Bulgaria

The firm: BOYANOV & Co. is recognised as a top business law firm for doing business in South East Europe. Since 1990 the firm has advised on numerous landmark transactions in Bulgaria. Clients exceed 4,000 and include large local and foreign businesses and organisations, IFIs and governments. The firm has consistently been ranked by all major legal directories as a market leader for the excellence of its services, drawing on years of experience in a wide variety of areas of law, and the brilliance of its professionals.

The firm has established itself as a regional player in South East Europe and it won the Law Firm of the Year for Eastern Europe and the Balkans at The Lawyer European Awards.

Areas of practice: BOYANOV & Co. provides a broad range of legal services with particular strength in M&A, corporate, banking and finance, restructuring, energy and natural resources, TMT, intellectual property, competition, real estate, and dispute resolution.

Its experience in industries as diverse as aviation, banking and insurance, branded goods, food and beverages, manufacturing, pharmaceuticals, retail and wholesale trade and distribution, mining, telecommunications, IT and media allows it to have unique insight and sound knowledge of its clients’ businesses, and their respective markets, as well as the ability to transfer successful solutions across borders.

With ten partners heading various specialised practice areas and a pool of talented and devoted associates, BOYANOV & Co. is capable of putting together strong interdisciplinary teams that can handle complex legal assignments, ranging from major M&A or financial transactions to complex litigation or competition cases, in a timely and cost-efficient manner oriented at delivering solutions.

Being the founders of legal institutions such as the Legal Development Foundation, and the Balkan Legal Forum, BOYANOV & Co. strives to assist in the formation of a new generation of modern lawyers in Southeastern Europe, holding the highest ethical standards and professionalism. An illustration of these efforts is the Balkan Legal Forum, initiated by the firm in 2000 and supported by the International Bar Association, which became “the most important legal event in the region”. BOYANOV & Co. is also the initiator and co-founder of the South East Europe Legal Group – the largest and longest-running legal service provider in SEE – www.seelegal.org.

Department Name Email Telephone
Corporate, M&A Yordan Naydenov y.naydenov@boyanov.com +359 28 055 055
Finance Damian Simeonov d.simeonov@boyanov.com +359 28 055 055
Energy and Natural Resources Alexander Chatalbashev a.chatalbashev@boyanov.com +359 28 055 055
Commercial Raina Dimitrova r.dimitrova@boyanov.com +359 28 055 055
Competition and Antitrust Peter Petrov p.petrov@boyanov.com +359 28 055 055
Real Estate and Infrastructure Nickolay Nickolov n.nickolov@boyanov.com +359 28 055 055
Dispute Resolution Kina Chuturkova k.chuturkova@boyanov.com +359 28 055 055
Intellectual Property Stela Sabeva s.sabeva@boyanov.com +359 28 055 055
IT, Telecommunications and Media Ralitsa Nedkova r.nedkova@boyanov.com +359 28 055 055
Banking Svetlina Kortenska s.kortenska@boyanov.com +359 28 055 055
Employment Radoslav Alexandrov r.alexandrov@boyanov.com +359 28 055 055
Lobbying and public affairs Borislav T Boyanov b.boyanov@boyanov.com +359 28 055 055
Tax Ivaylo Angelov i.angelov@boyanov.com +359 28 055 055
Restructuring and insolvency Ass.Prof. Dr. Nikolay Kolev n.kolev@boyanov.com +359 28 055 055
Photo Name Position Profile
Mr Radoslav Alexandrov  photo Mr Radoslav Alexandrov
Mr Ivaylo Angelov  photo Mr Ivaylo Angelov
Mr Borislav Boyanov  photo Mr Borislav Boyanov
Mr Alexander Chatalbashev  photo Mr Alexander Chatalbashev
Mrs Kina Chuturkova  photo Mrs Kina Chuturkova
Ms Raina Dimitrova  photo Ms Raina Dimitrova
Ms Violeta Kirova  photo Ms Violeta Kirova
Dr Nikolay Kolev  photo Dr Nikolay Kolev
Ms Svetlina Kortenska  photo Ms Svetlina Kortenska
Ms Iva Miteva  photo Ms Iva Miteva
Mr Yordan Naydenov  photo Mr Yordan Naydenov
Ms Ralitsa Nedkova  photo Ms Ralitsa Nedkova
Mr Nickolay Nickolov  photo Mr Nickolay Nickolov
Mr Borislav Notovsky  photo Mr Borislav Notovsky
Mr Peter Petrov  photo Mr Peter Petrov
Mr Damian Simeonov  photo Mr Damian Simeonov
Mr Boris Smolyanov  photo Mr Boris Smolyanov
Mr Nikolay Zisov  photo Mr Nikolay Zisov
Number of lawyers : 46
Bulgarian
English
French
German
Russian
Spanish
SEE Legal Group
World Services Group
American Chamber of Commerce in Bulgaria
German-Bulgarian Chamber of Commerce
the Bulgarian Chamber of Commerce and Industry
Indian-Bulgarian Business Chamber
the Maltese Bulgarian Business Chamber
ABA (American Bar Association)
IBA (International Bar Association)
Contact : Borislav T Boyanov

CLIENT: Sebastian Lawson
COMPANY/FIRM: Freshfields Bruckhaus Deringer LLP
TESTIMONIAL: By far the most professional law firm in the Bulgarian legal market. When it comes to getting the top quality local law advice and quality of service our clients demand, these are the guys you always want on your side.


CLIENT: EUROBANK ERGASIAS S.A.
TESTIMONIAL: Boyanov & Co has always proved to be a top-notch team providing high-level services, always under demanding timetables. They have always been responsive and flexible, demonstrating a great depth of experience that helps the client maneuver in the local environment. The balanced combination of sound legal advice and commercial thinking, the key attributes when it comes to the selection of legal advisors, render Boyanov & Co a valuable partner on the local market.


CLIENT: Crowe Bulgaria Advisory Ltd.
TESTIMONIAL: During our long-standing collaboration, Boyanov & Co proved to be an irreplaceable and inestimable partner for our company as well as for our clients. The team’s outstanding professionalism, the dedication to deliver exceptional results and multifaceted experience with complex cases is a combination that puts Boyanov & Co among the leading companies in the field of legal advice.


As a law firm with 30 years’ experience serving international clients, BOYANOV & Co. is committed to a professional workforce that reflects the rich cultural, religious and ethnic diversity of its clientele. The firm believes that diversity allows its workforce to be more creative, flexible and produce innovative legal and business solutions.

BOYANOV & Co. encourages diversity through its actions designed to foster and promote a nurturing, respectful and supportive working environment, an atmosphere that values the free and open exchange of ideas and beliefs.
Characteristics that make the firm diverse include, but are not limited to, age, gender, religious beliefs, and marital status.

BOYANOV & Co. was awarded ‘Best in Bulgaria at European Women in Business Law Award’ at Euromoney Legal Media Group’s second annual Europe Women in Business Law Awards. The Award celebrates the achievement of BOYANOV & Co. in setting the standard in terms of female-friendly work practice and women leading the field inthe legal sector in Bulgaria. Moreover, Borislav Boyanov, managing partner at BOYANOV & Co., has been shortlisted at an international Diversity & Inclusion Awards for Europe 2019 in the category Pro Bono Lawyer of the Year. This nomination has recognised Mr. Boyanov for being a true diversity and inclusion pioneer for the legal profession.

Finally, at the large international forums and conferences organised by BOYANOV & Co. within the last 20 years, such as the Balkan Legal Forum, and IT Hub Connect, topics such as diversity, rule of law and morale were
discussed. The firm is also participating in roundtable discussions on diversity within the framework of the initiatives organised by the British Chambers of Commerce, the American Chamber of Commerce, the IndianBulgarian and Maltese-Bulgarian Business Chambers, the Bulgarian Private Equity and Venture Capital Association, and the Association of Honorary Consuls in Bulgaria, to which BOYANOV & Co. is a leading member.