Djingov, Gouginski, Kyutchukov & Velichkov > Sofia, Bulgaria > Firm Profile
Djingov, Gouginski, Kyutchukov & Velichkov Offices
Djingov, Gouginski, Kyutchukov & Velichkov
10 TSAR OSVOBODITEL BLVD.
1000 SOFIA
Bulgaria
10 TSAR OSVOBODITEL BLVD.
1000 SOFIA
Bulgaria
Djingov, Gouginski, Kyutchukov & Velichkov > The Legal 500 Rankings
Bulgaria > Banking, finance and capital markets Tier 1
Banks, financial institutions, strategic investors, private equity and venture capital funds regularly turn to the practice at Djingov, Gouginski, Kyutchukov & Velichkov for advice on secured transactions and corporate finance, debt restructuring, capital markets, the regulation of financial and investment services and bonds issuances, among other matters. The team is led by Nikolai Gouginski
, who excels in cross-border lending; Georgi Tzvetkov, who is a key name for transactional and regulatory matters; Kaloyan Krumov, who has strength in project and acquisition finance; and Gergana Monovska, who provides transactional and regulatory support in the capital markets area. Valentin Bojilov further strengthens the team with his experience in lender and borrower financing transactions. Practice head(s):
Nikolai Gouginski; Georgi Tzvetkov; Kaloyan Krumov; Gergana Monovska
Testimonials
‘The teams I had the pleasure to work with demonstrate a high level of expertise and work hard to understand the exact needs, expectations and goals.’
‘Gergana Monovska and Georgi Tsvetkov: the standards and know-how in terms of both pure legal understanding and project management are on a world class level.’
Key clients
BNP Paribas, Citigroup Global Markets Europe AG, J.P. Morgan SE and UniCredit Bank AG
United States International Development Finance Corporation and Citibank, N.A. in New York
Silverline Partners – Fund LP
UniCredit Bulbank AD, DSK Bank AD and United Bulgarian Bank AD
OTP Bank PLC
PIMCO Europe Limited
DSK Bank AD
TELUS International (Cda) Inc
Unicredit Bulbank AD
ICBC International Finance Limited
UniCredit Bank Austria AG
Work highlights
- Advised the Joint Lead Managers BNP Paribas, Citigroup Global Markets Europe AG, J.P. Morgan SE and Unicredit Bank AG on the Bulgarian law aspects of the update of the Republic of Bulgaria’s Global Medium Term Note Programme and the concurrent Republic of Bulgaria’s issuance of EUR 2.250 billion sovereign bonds in 2022.
- Advising the lenders on additional financing of Ceres Pharma NV and its corporate group in connection with the acquisition of the group by Naxicap by providing EUR 31 000 000 incremental facility resulting in an increase of the total amount of financing to EUR 126 000 000.
- Advised a syndicate of three of Bulgaria’s largest banks – Unicredit Bulbank AD, DSK Bank AD and United Bulgarian Bank AD – in relation to the financing of MAXCOM EOOD, Chipolino EOOD and MAXBIKE EOOD.
Bulgaria > Commercial, corporate and M&A Tier 1
Djingov, Gouginski, Kyutchukov & Velichkov is reputed for the depth of its expertise in M&A, privatization and private equity transactions, where it covers the full spectrum from small to large-cap transactions in both national and international capacities. Among their clients are global corporations and investors, private equity and venture capital funds as well as financial institutions and increasingly start-ups. Zdravka Ugrinova is an expert in corporate and commercial law, and private equity transactions, while Violetta Kunze focuses her practice on the TMT sector, and leads on many cross-border M&A transactions. This duo jointly lead the practice. Valentin Bojilov, who specialises in M&A, private equity and joint ventures, was made partner in January 2023 as was Gergana Monovska - clients consider both lawyers to be 'amazing'. Practice head(s):
Zdravka Ugrinova; Violetta Kunze
Other key lawyers:
Stephan Kyutchukov; Omourtag Petkov; Georgi Tzvetkov; Valentin Bojilov; Ralitsa Gougleva; Gergana Monovska; Silviya Apostolova
Testimonials
‘Excellent team – responsive, knowledgeable, all-rounded expertise. And pleasant to work with!’
‘Zdravka Ugrinova and Ralitsa Gougleva are both amazing. They are my go-to lawyers for anything related to Bulgaria. I have had excellent experience working with them without exceptions.’
Key clients
The Rohatyn Group (TRG)
PPF Group
Desarollo Agricola Y Minero SA (DAYMSA)
INTEGRAL Venture Partners
Angel’s Estate Winery, Purcari Wineries PLC
The administrators and senior secured lenders of Bulsatcom UH Holdco Limited
European Innovation Council Fund (EIC)
MarketStar Holdings, LLC
MYX AD
AbbVie Inc.
Accenture
BMW I Ventures
Oman Investment Authority
Residence Control EOOD, dba M2M Services
Bianor Holding AD
Cognyte Technologies Israel LTD
Silverline Partners–- Fund LP
Eljoy AD
INVENIO PARTNERS FUND II SCSP (formerly, Empower Capital Fund II SCSP)
SCHREIBER EUROPE S.L.
HEXACORP LTD
Come Forth Capital EOOD
Maple Bear
Froneri Bulgaria EOOD, part of Nestlé group
BUNGE
BAT
Astellas Pharma Europe Ltd.
ContourGlobal Maritsa East 3 AD
Emma Alpha Holding Ltd.
SKF Bearings Bulgaria EAD
IBM Bulgaria
Tick42
Ingram Micro
Laboratory Corporation of America Holdings (LabCorp.)
Work highlights
- Advised The Rohatyn Group, a global asset management firm, on all local legal aspects of the acquisition from KJK Capital of an indirect majority stake in Leader-96 EOOD.
- Advised the administrators and senior secured lenders of Bulsatcom UH Holdco Limited on the sale Bulsatcom EOOD, to Viva Corporate Bulgaria EOOD.
- Advised PPF Group on the Bulgarian regulatory law aspects associated with the sale of a 50%-plus-one-share stake in PPF Telecom Group’s assets in Bulgaria to e&.
Bulgaria > Dispute resolution Tier 1
Djingov, Gouginski, Kyutchukov & Velichkov is well known in the market for its broad dispute resolution practice, where the team advises on all manner of commercial litigation, property disputes, white collar crime and the full spectrum of litigation related work across a variety of sectors. A standout feature of the team is its involvement in multi-jurisdictional and high-end cases that regularly reach local and international arbitration tribunals. Practice head Angel Ganev is a key contact for major international and local clients in litigation and arbitration cases before the Bulgarian courts and recently promoted partner Gergana Monovska focuses on commercial litigation in energy and financial disputes.Practice head(s):
Angel Ganev
Other key lawyers:
Testimonials
‘We reach DGKV always when we need high standard advice, especially for complicated matters. We are used to getting this in the promised time.’
‘DGKV’s Dispute Resolution practice group provides comprehensive and effective strategies for dispute management and resolution, successfully representing clients in both domestic and international civil and administrative litigation and arbitration proceedings.’
‘DGKV’s team offers a unique combination of legal and industry knowledge, and they know the market sectors their clients operate in. DGKV’s commitment to working closely with our clients allows us to manage their domestic and international disputes successfully and to devise effective, practical, and commercially driven solutions.’
‘The knowledge of this legal firm is on high level.’
Key clients
Mechel Carbon AG (Switzerland)
Supreme Judicial Council
MIELE CENTER MAX GROUP
NEPI Investment Management
Maddox SA
BELLEBOX EOOD
Blantyre Capital Limited, European Bank for Reconstruction and Development, Bulgarian Development Bank, Blackrock and Integral Venture Capital
Bulgarian Innovation Technologies Employers’ Association
Danita OOD
Cupffee Ltd.
Maddox SA
Nantong Yimian Textile Co. Ltd.
ABB Bulgaria EOOD
Yazaki Bulgaria EOOD
Contour Global Maritsa East 3 AD
Grocer
Work highlights
- Represents Mechel Carbon AG in an SCC international commercial arbitration proceeding against Thermal Power Plant Rousse, Bulgaria, under contractual claims for payment in relation to an agreement for supply of coal.
- Represented MIELE CENTER MAX GROUP with respect to antitrust proceedings initiated on the basis of a complaint filed by MIELE CENTER MAX GROUP before the Commission on Protection of the Competition against Miele Bulgaria. The CPC imposed monetary sanction in an amount of BGN 1,609,078.
- Provided legal advice to the Supreme Judicial Council and has represented the latter before the Administrative Court – Sofia city and the Supreme Administrative Court in relation to appeal of a decision of the Managing Authority of the Operational Programme “Good Governance”, imposing a financial correction on SJC.
Bulgaria > Energy and natural resources Tier 1
Djingov, Gouginski, Kyutchukov & Velichkov is well reputed for its broad expertise in the energy and natural resources field, where the team advises on domestic and multi-jurisdictional energy projects related to pipeline development and power generation. Leading the practice is Milan Pandev, who has extensive experience in the power, oil and gas sectors and has been involved in landmark energy projects while Georgi Gouginski specialises in energy law, natural resources, utilities and environmental protection. Anton Krustev and Maya Mircheva further strengthen the practice in the areas of PPPs and real estate and energy projects respectively. Radoul Iliev left the firm in August 2023.
Practice head(s):
Milan Pandev; Georgi Gouginski
Other key lawyers:
Key clients
Axpo Bulgaria AD
ContourGlobal Maritza East III
China Development Bank (CDB)
NEPI Investment Management SRL
Vitol Gas & Power B.V.
H1 Venture Swiss Holding AG
ABB Asea Brown Boveri Ltd.
Shanghai Sensheng Assets Management Centre (Limited Partnership)
ContourGlobal Maritza East III
OTP Bank PLC, DSK Bank AD
Work highlights
- Advised ContourGlobal Maritza East III as a lead counsel on a variety of legal issues pertinent to power generation development and supply. Most recent mandates encompass development of solar PV projects and procurement advice related to the maintenance of the thermal power plant.
- Acted as legal counsel to Axpo Bulgaria AD in relation to its overall activities in Bulgaria, including legal counselling on corporate law matters, energy regulatory, competition law matters and in relation to trading in power.
- Advised ABB Asea Brown Boveri Ltd. in relation to nuclear liability in the event of a nuclear incident consisting in a release of radioactivity from a nuclear facility, caused by contractor’s component or services.
Bulgaria > EU and competition Tier 1
Djingov, Gouginski, Kyutchukov & Velichkov is reputed for its advice on on merger control, cartels and abuse of dominance investigations, competition compliance and dawn raids. Moreover, the practice has extensive knowledge in unfair competition cases where it frequently appears before the Bulgarian competition authority and courts. Pre-eminent competition practitioner Nikolai Gouginski and Violetta Kunze jointly lead the team. Dessislava Iordanova is a key member of the team, advising across antitrust, mergers, unfair trade and compliance matters. Practice head(s):
Nikolai Gouginski; Violetta Kunze
Other key lawyers:
Testimonials
‘We have instructed Djingov Gouginski regarding merger control issues in Bulgaria (some of them quite complicated) and for compliance trainings. They are very responsive and deliver high quality work – paired with the perfect amount of pragmatism for practical and truly useful advice.’
‘Nikolai Gouginski is our main contact and impresses us with his professionalism, his legal proficiencies and his perfect service orientation. He is extremely nice to work with and we would always recommend him to anyone requiring competition law advice in Bulgaria.’
‘I had a very positive experience with DGKV in terms of qualitative and timely response. People in the company understand our challenges and give us working solutions and advice on how to manage processes in the most efficient and compliant way.’
‘Dessislava Iordanova is very prompt with answers. She gives reasonable feedback that makes our cases compliant. When in doubt, she refers to examples from the Pharma industry, which helps us a lot.’
Key clients
OMV Bulgaria EOOD
Froneri Bulgaria
Nikon Europe B.V.
Visa Europe B.V.
Mayoral Moda Infantil S.A. and Mayoral Bulgaria EOOD
Miele Center Max Group EOOD
British American Tobacco Trading EOOD
Beiersdorf Bulgaria
Quadrant Beverages AD
Bunge
Work highlights
- Representing OMV as complainant and interested party in antitrust investigation launched on the basis of complaint by OMV against Lukoil Bulgaria EOOD for alleged abuse of dominant position (margin squeeze and price discrimination) in the wholesale trade of fuels.
- Advising Visa Europe on antitrust and unfair competition rules applicable to local operations and relations with merchant banks and providing ongoing assistance for compliance screening of advertising and promotional activities.
- Representing and advising Froneri Bulgaria in an investigation launched by the CPC in March 2023 against Froneri for alleged violations on the markets for supply of ice-cream.
Bulgaria > Healthcare and life sciences Tier 1
Domestic and international life sciences companies, pharmaceutical manufacturers and retail companies, as well as medical institutions, turn to Djingov, Gouginski, Kyutchukov & Velichkov‘s pharma and healthcare practice group thanks to its broad advisory offering in this sector. Due to the firm’s full-service setup, the team is able to assist clients with matters ranging from day-to-day assistance, project-based legal assistance, commercial agreements, and representation in administrative and litigation proceedings, through to compliance advice on clinical trial agreements. Kalina Tchakarova heads up the practice and is well regarded for her expertise in the field of IP law, and experience advising pharmaceutical companies on medicinal products regulation.
Practice head(s):
Kalina Tchakarova
Other key lawyers:
Key clients
Biogen Netherlands BV
International SOS
Swedish Orphan Biovitrum AB
Novavax, Inc.
Viatris (Mylan Ireland Limited and Mylan EOOD)
Teva Pharmaceuticals Europe BV
General Electric Healthcare
Alnylam Pharmaceuticals, Inc
Novo Nordisk A/S
Organon Pharma (UK) Limited
Work highlights
- Advised Biogen Netherlands BV in a case regarding a leading medicinal product that had an expiring patent protection but was still protected against placement on the market of generic analogues.
- Assisted Swedish Orphan Biovitrum AB with various matters related to its market presence in Bulgaria.
- Advises Viatris in pending litigation related to the alleged infringement of the rights of Bayer HealthCare LLC to an EU patent in Bulgaria.
Bulgaria > Intellectual property Tier 1
Djingov, Gouginski, Kyutchukov & Velichkov‘s ‘outstanding IP team’ covers the full suite of IP matters related to patents, trade marks, designs, copyright and the negotiation and execution of IP licensing. The practice group offers representation in related civil and administrative court cases and transactions and provides expert advice on portfolio structuring to international corporate clients. Kalina Tchakarova is well versed in trade mark-related cases and also frequently appears before the Bulgarian Patent Office and other courts. Dessislava Iordanova is a key advisor in the department, specialising in trade mark and industrial designs disputes and unfair competition cases. Practice head(s):
Kalina Tchakarova
Other key lawyers:
Dessislava Iordanova; Anna-Maria Sabeva; Yoanna Penteleeva
Testimonials
‘Djingov, Gouginski, Kyutchukov and Velichkov is a national law firm with a strong foothold in the local Bulgarian market, but with an excellent international network and an outstanding IP team. We particularly appreciate their prompt, extremely competent handling of cases and the trustworthy way in which they deal with our clientele at all times. One can completely rely on the team at Djingov, Gouginski, Kyutchukov and Velichkov.’
‘The IP team, led by the extremely experienced and competent, always independent, reliable and trustworthy Kalina Tchakarova, is strengthened in a very pleasant way by young, dynamic and highly responsive employees.’
‘The individuals I have had dealings with have been knowledgeable, clear and impressive.’
‘My primary contact is Kalina Tchakarova. She is in my opinion an extremely good attorney and someone who I look to first in Bulgaria whenever IP matters come up. I have no hesitation in recommending Kalina to others, both in my firm and elsewhere.’
Key clients
1PAX SAS
Avia International
Bunge Romania S.R.L.
INSAIT Computer Science Institute with the Sofia University
Consortium Deutscher Baumschulen GmbH
Economedia AD
Eljoy AD
Instagram LLC
Meta Platforms, Inc. (formerly Facebook, Inc.)
Tick42
Work highlights
- Providing the full scope of legal services for all trade marks of the portfolio of Bunge Romania S.R.L. and its Bulgarian subsidiary Kaliakra AD.
- Providing the full scope of legal services in relation to the trade mark portfolio of Economedia AD.
- Advised 1PAX SAS in relation to the conclusion of a subcontracting agreement with IPA EOOD.
Bulgaria > Projects and PPP Tier 1
Governmental bodies and financial institutions frequently turn to the ‘dedicated and committed’ projects, PPP and PFI team at Djingov, Gouginski, Kyutchukov & Velichkov when it comes to real estate, energy, utilities and transport projects. Structuring public procurement procedures, concessions, tenders and transaction agreements and project financing are among the firm’s strengths in this area; a recent significant work highlight is its advice to SOF Connect regarding the types of contracts needed to install a new baggage handling system at the Sofia Airport. The leadership team is comprised of experts in their respective fields, including Milan Pandev, who heads the energy and utilities practice group, Anton Krustev, who leads the public procurement, ESIF and transport practice group, and Stephan Kyutchukov, who heads the real estate and construction team. Practice head(s):
Milan Pandev; Anton Krustev; Kaloyan Krumov; Georgi Gouginski; Stephan Kyutchukov; Nikolai Gouginski; Georgi Tzvetkov
Testimonials
‘The whole team is very dedicated and committed to our projects. The team have a deep understanding of the various legal issues in the field of international relationships and contracting. The team use up-to-date legal wording and have an uncanny insight into details.’
‘They are professionals who can be relied upon to fully and professionally reflect their client’s needs.’
‘A large team combining expertise in a wide range of areas that a business might need.’
‘In-depth legal knowledge. Clear specialisation.’
Key clients
SOF Connect
General Electric Healthcare
Vitol Gas & Power B.V.
ContourGlobal Maritza East III
Axpo Bulgaria AD
NEPI Investment Management SRL
1PAX SAS
CTP
Chariot Motors AD and Consortium Chariot Motors/Higer Bus Company Limited
Challenger Development
Metinvest B.V.
Work highlights
- Advised CTP on the development and operation of rooftop-mounted solar PV plants in industrial and logistics parks, as well as electric storage facilities.
- Assessed the appropriate type of contracts and prepared several drafts of contracts for turnkey works for the design, manufacturing supply and installation of the baggage handling system and hold baggage screening system in Sofia Airport’s Terminal 2 on behalf of SOF Connect.
- Advised General Electric Healthcare on a public tender by the Ministry of Health for the purchase of imaging equipment funded under the “Regions in Growth” 2014-2020 operational programme.
Bulgaria > Real estate and construction Tier 1
Djingov, Gouginski, Kyutchukov & Velichkov leverages the expertise of its multidisciplinary team to offer a comprehensive legal service to its real estate and construction clients, including but not limited to advice on acquisitions, investment in greenfield developments, zoning and environmental issues, insurance matters and real estate litigation. The firm’s client roster includes foreign and domestic contractors and investors who operate in the retail, hospitality, energy and infrastructure sectors. Founding partner Stephan Kyutchukov has extensive experience in high-value real estate projects, as does fellow practice head Kaloyan Krumov, who advises commercial and real estate property developers on greenfield and brownfield projects. Maya Mircheva is also a key contact in the practice. Practice head(s):
Stephan Kyutchukov; Kaloyan Krumov
Other key lawyers:
Maya Mircheva; Nikolina Stefanova
Testimonials
‘DGKV is a highly distinguished and reputable law firm in Bulgaria, with a wide range of fields of expertise in which they work. Their big advantage is the individual approach to each client’s needs and they are very quick in finding the proper solution to any given legal matter.’
‘The legal team from DGKV that we work with stands out for its exceptional professionalism, wide range of skills and precise approach in handling complicated legal matters, as well as finding fast and accurate solutions.’
‘Djingov, Gouginski, Kyutchukov & Velichkov stands out due to its exceptional combination of expertise, professionalism, and a client-centric approach. The team possesses deep knowledge of the real estate and construction sector, including a strong grasp of local laws and market dynamics. Our experience with Djingov, Gouginski, Kyutchukov & Velichkov has been exceptionally positive. Their unique blend of expertise, client-centricity, and innovation sets them apart in the real estate and construction legal landscape.’
‘I would like to express my appreciation for the outstanding individuals at Djingov, Gouginski, Kyutchukov & Velichkov with whom I had the privilege to work. In particular, the professionalism, precision, and attention to detail that I have experienced in our interactions have set them apart. Their thorough analysis of all possible avenues, tailored to our specific case, has been a standout feature of their approach.’
‘Kaloyan Krumov displayed a profound understanding of the legal intricacies involved but also employed methods, approaches, and strategies that ultimately led to the successful resolution we sought.’
‘The individuals at Djingov, Gouginski, Kyutchukov & Velichkov have consistently stood out for their professionalism, precision, and dedication to achieving the best outcomes for their clients. Maya Mircheva and Kaloyan Krumov, in particular, have been exemplary in their contributions, and their qualities have been instrumental in our successful partnership.’
‘Great local expertise with an international approach and application.’
‘I’m thankful for the hard and precise work on facility lease contracts carried out by Nikolina Stefanova and Kaloyan Krumov. Both are highly qualified.’
Key clients
SOF Connect
Grand Hotel Bulgaria 2016 AD
NEPI Investment Management SRL
Omniva LLC
LEM International SA
Acibadem City Clinic EAD
AP Capital AD
AVANTech, Inc
Oman Investment Authority
European Parliament, Luxembourg
Woodward Bulgaria EOOD
Mango (Punto Fa S.L.)
Hercesa Bulgaria EOOD
Dell Emerging Markets
Deutsche Lufthansa AG
Foundever Bulgaria EOOD
Provitech Solutions ЕООD
Work highlights
- Advised SOF Connect on drafting several agreements on the FIDIC terms for the expansion of the open parking area of Sofia Airport and the refurbishment of the existing covered parking.
- Advised AVANTech, Inc. on a contractor’s claim under the engineering and construction agreement for a project regarding the treatment of radioactive wet solid waste for the State Enterprise Radioactive Waste Kozloduy Nuclear Power Plant.
- Advised AP Capital AD on a series of acquisitions of 5 residential real estate development companies in the region of Sofia.
Bulgaria > TMT Tier 1
Djingov, Gouginski, Kyutchukov & Velichkov covers a whole host of TMT-related matters, supporting clients with corporate and M&A advice, regulatory guidance across the sector, and data protection advice. Furthermore, the firm's experience extends to advising on the entry of newer technologies, such as IoT, cloud and software-based communication services, and connectivity and digital platforms-based services, into the Bulgarian market, primarily acting for growing global technology companies and service providers. Practice head Violetta Kunze focuses on telecoms and media regulatory matters and has been involved in landmark TMT projects in Bulgaria.
Practice head(s):
Violetta Kunze
Testimonials
‘Very responsive and helpful.’
‘Violetta Kunze has a practical approach to legal issues.’
‘Violetta Kunze has excellent knowledge of the Bulgarian ICT market and knows how to combine local law expertise with the business model of global companies.’
Key clients
BMW i Ventures
INTEGRAL Venture Partners
PPF Group
Hexacorp
TI Sparkle Bulgaria EOOD
PCCW Global B.V.
Fuze B.V.
TNS/Towerhouse Ltd.
Google Ireland Ltd.
VMware Bulgaria EOOD
Cognyte Technologies Israel LTD
The administrators and senior secured lenders of Bulsatcom UH Holdco Limited
Bianor Holding AD
Equinix (Bulgaria) Data Centres EOOD
Work highlights
- Advised BMW i Ventures on the Bulgarian law aspects of a financing round, including carrying out legal due diligence of its Bulgarian subsidiary, Ampeco Bulgaria EOOD.
- Advised PPF Group on the Bulgarian regulatory law aspects associated with the sale of a 50%-plus-one-share stake in PPF Telecom Group’s assets in Bulgaria (Yettel Bulgaria) to e&.
- Advised Bianor Holding AD on agreements for the acquisition of software companies Itido Technologies OOD and Databreathe EOOD.
Bulgaria > Transport (including shipping) Tier 2
Djingov, Gouginski, Kyutchukov & Velichkov takes an interdisciplinary approach when handling transport and infrastructure projects in Bulgaria, drawing on its energy, real estate and construction, finance, corporate and litigation expertise. The firm advises transport, shipping, airline and infrastructure companies, including Turkish Airlines, BMW i Ventures and Chariot Motors, on regulatory compliance, PPP and concessions projects, tenders and bids as well as litigation proceedings. Anton Krustev, who has expertise in transport and infrastructure matters, leads the team. M&A expert Zdravka Ugrinova and energy and utilities practice head Milan Pandev are also key lawyers in this area. Practice head(s):
Anton Krustev
Other key lawyers:
Key clients
SOF Connect
Chariot Motors AD and Consortium Chariot Motors/Higer Bus Company Limited
1PAX SAS
ICBC International Finance Limited
International Air Transport Association
Turkish Airlines
MAN Truck & Bus MAN SE, MAN Truck & Bus AG, MAN Truck & Bus Deutschland GmbH and Traton SE
Bulgarian Employers’ Association Innovative Technologies BRAIT and Automotive Cluster Bulgaria
BMW i Ventures
Emma Capital Group
Eljoy AD
Cargotec Oyj
Work highlights
- Assessed the appropriate type of contracts and prepared several drafts of contracts for turn-key works for the design, manufacturing supply and installation of a baggage handling system and hold baggage screening system at Terminal 2 of Sofia Airport, on behalf of SOF Connect.
- Advising Chariot Motors AD and Higer Bus Company Limited in relation to their participation in numerous domestic and international public procurement tenders for the supply of electric buses.
- Providing ongoing corporate, regulatory, employment and litigation legal support to Turkish Airlines.
Djingov, Gouginski, Kyutchukov & Velichkov > Firm Profile
The firm: DGKV is one of the largest, oldest, most prominent independent law firms in Bulgaria, known for its solid record of pioneering projects on the Bulgarian market. Founded in 1994, its asset is the unique combination of profound legal knowledge, experience in international transactions and ability to handle large-scale transactions. With 18 partners and about 60 lawyers, DGKV has resources to assemble the right team to address the most complicated matters. Its ever-growing portfolio of over 5,000 multinational clients is a fair attestation of its high-quality legal services.
Areas of practice
M&A: DGKV has a superb reputation for advising on a diverse range of large, medium, and small-scale local and cross-border M&A transactions in various industries. We advise a number of global corporations, strategic investors, private equity funds, venture capital funds and financial institutions. The firm has advised: PPF s.a. on the sale of minority share in CETIN Group N.V. to GIC.; a consortium of lenders including the London-based investment firm Blantyre Capital Limited, the European Bank for Reconstruction and Development and Bulgarian Development Bank in relation to the auction process for the contemplated sale of Bulsatcom EAD – the biggest Bulgarian TV and satellite operator; The Rohatyn Group, a global asset management firm, on all local legal aspects of the acquisition from KJK Capital of an indirect majority stake in Leader-96 EOOD. Other key clients: PPF s.a., Blantyre Capital Limited, BlackRock, EBRD, Bulsatcom, Sanmina Corporation, International Business Machines Corporation (IBM), Axxess Capital, The Rohatyn Group (TRG), The State Fund of Oman, Velka Pecka s.r.o., INTEGRAL Venture Partners, Accenture (NYSE: ACN), Kohler Co., AbbVie Inc., Equinix.
Banking and finance: DGKV focuses on secured transactions, corporate finance, public finance and regulation of financial and investment services. DGKV consulted IFC, JP Morgan, Goldman Sachs AG, EBRD, OTP and DSK Bank, UniCredit Bank Austria AG, PPF Group, DSK Bank, Blantyre Capital, Citi Group, Deutsche Bank, UniCredit Bulbank AD, AIG, CAIB, MKB and State General Reserve Fund of Oman, the World Bank, JBIC, BSTDB, Deutsche Bank, EIB, Procredit Bank, GTC Group on financing of various infrastructure, construction and financial projects in Bulgaria, etc.
Energy and utilities: DGKV provides full-scope legal assistance to clients interested in investing or otherwise engaged in the energy sector in Bulgaria. The firm has advised ABB, AES, the Bulgarian Government, Citibank and US Exim Bank, ContourGlobal, EBRD, GE Power & Water, Marubeni, RWE Power; EZ, Chevron and Lukoil regularly on local operations; J.P. Morgan Energy Europe, OMV Trading and Vitol on energy trading matters; China Development Bank, Credit Suisse, Mitsui&Co, Raiffeisen, Toshiba, Verbund in numerous renewable energy projects; and on gas pipeline projects.
Competition: with a strong competition practice, DGKV has made a significant contribution to the Bulgarian Commission for Protection of Competition. It’s advised Aurubis, Bunge, MasterCard Europe on competition regulatory issues; Aurubis, Metro Cash and Carry, Nokia, KBC, Devnya Cement, Visa Europe, Coca Cola in relation to antitrust investigations by the regulator and other antitrust matters.
Real estate: DGKV has a strong reputation in the real estate market, advising the acquisitions of: the most expensive real estate in Bulgaria – the EUR 252.9m Paradise Center; NIS Petrol and OMV; numerous operating mall acquisitions; land acquisition and construction and/or acquisition of residential, office, retail and mixed-use developments; large-scale commercial real estate financings. Other recent projects include: Equinix on site acquisition for the establishment of its second data centre in Bulgaria and VMware on the largest office lease deal in Bulgaria in the last 10 years.
TMT: DGKV offers a ‘one-stop shop’ for technology companies with operations in Bulgaria. It represents Google on a regular basis in relation to legal issues associated with online services and customers support in Bulgaria; Deutsche Telekom; Facebook LLC; Instagram LLC; Univeral 1440 Entertainment LLC; Telecom Italia; Tata Communications; Swisscom; PCCW Global; VOXBONE; Progress Software, etc.
Litigation and arbitration: DGKV provides full range dispute resolution services: all types of commercial litigation (including insolvency, debt collection and sophisticated fraud and anti-bribery cases); representation of clients before local and international arbitration tribunals; industry specific property disputes; labour, intellectual property, tax, public procurement, regulatory and administrative litigation; white collar crime; recognition and enforcement of foreign judgements and foreign arbitration awards; all litigation-related work such as collection of evidence, injunctions and other preliminary relief, etc. With more than 20 litigators, the law firm prides of unparalleled depth and interdisciplinary expertise of its litigation team, enabling it to address the most complicated and time-sensitive dispute resolution matters. Recently, the law firm’s Dispute resolution practice group has been further strengthened by the internal promotion of our senior associates and associates from other reputable Bulgarian law firms with clear litigation focus. Currently it represents Mechel International Holding GmbH and Mechel Carbon AG, Bulgarian Mezzanine Partners, Chardash Trading, PJSC Power Machines, NASEKOMO AD, Bulgarian Acquisition Company II, CEZ Electro Bulgaria, Financial Supervision Commission, Glorient Investment BG, SE Bordnetze, etc. For the last year the DGKV could boast with an impressive successful track record in major court cases with very high success rate, including commercial and administrative litigation, and international arbitration.
Intellectual property: Google Inc., Facebook Inc., Instagram LLC, Warner Bros., Teva Pharmaceuticals Europe BV (confidential), Carlsberg Bulgaria, Pierre Fabre Dermo-Cosmetique S.A., Deutsche Telekom AG, Tchibo GmbH, Cargill Inc., Marie Brizard Wine and Spirits Distribution Bulgaria EOOD, Guess Inc are among our IP clients.
Employment and mobility: DGKV’s employment team excels as one of the few stand-alone employment law practices on the Bulgarian market. Its employment lawyers are heavily involved in providing legal field specific knowledge to clients with a view to optimizing every aspect of their operations in Bulgaria and strives to ensure their specific employment needs are met in an ever-changing business world. Major clients are Yazaki Corporation, Turkish Airlines, Ryanair, Volkswagen, Coca Cola, AES Maritza East I, Takeaway.com, ABB Bulgaria, Grohe Adria, etc.
Main Contacts
| Department | Name | Telephone | |
|---|---|---|---|
| M&A | Zdravka Ugrinova | ||
| M&A | Violetta Kunze | ||
| General corporate | Assen Djingov | ||
| General corporate | Zdravka Ugrinova | ||
| Banking and finance | Nikolai Gouginski | ||
| Banking and finance | Georgi Tzvetkov | ||
| Energy and utilities | Georgi Gouginski | ||
| Energy and utilities | Milan Pandev | ||
| Competition | Nikolai Gouginski | ||
| Real estate and construction | Stephan Kyutchukov | ||
| Project finance and capital markets | Nikolai Gouginski | ||
| Project finance and capital markets | Georgi Tzvetkov | ||
| TMT | Violetta Kunze | ||
| TMT | Kalina Tchakarova | ||
| Intellectual property | Kalina Tchakarova | ||
| Litigation and arbitration | Angel Ganev | ||
| Tax | Viara Todorova | ||
| Employment and Mobility | Kalina Tchakarova | ||
| Employment and Mobility | Youliana Naoumova | ||
| Intellectual Property | Kalina Tchakarova | ||
| Healthcare and Lifesciences | Kalina Tchakarova |
Meet The Team(s)
Lawyer Profiles
Barrister Profiles
| Photo | Name | Position | Profile |
|---|---|---|---|
|
Ms Kalina Tchakarova | Partner, working in the IP, labour and social security, corporate, pharmaceutical law,… | View Profile |
Staff Figures
Number of lawyers : 60Languages
English French German RussianMemberships
Other
Contacts : Sofia Other offices : Berlin :- Banking, finance and capital markets
- Commercial, corporate and M&A
- Dispute resolution
- Energy and natural resources
- EU and competition
- Healthcare and life sciences
- Intellectual property
- Projects and PPP
- Real estate and construction
- TMT
Top Tier Firm Rankings
- Transport (including shipping)