Firm Profile > Kinstellar > Sofia, Bulgaria

Kinstellar
69 BULGARIA BLVD
INFINITY TOWER, 14TH FLOOR
1404 SOFIA
Bulgaria

Banking, finance and capital markets Tier 1

Very experienced, knowledgeable and superbly responsive’, the team at Kinstellar is well versed in high-value and complex cross-border financings. In one highlight, Diana Dimova led on the due diligence of Sofia Airport, including advising on the bankability of the €3.9bn Sofia Airport project. The group also advised the China Development Bank and the EBRD on making loans worth hundreds of millions of euros to Bulgarian banks in 2018 and 2019. ‘Exceptional practitionerSvilen Issaev, who heads the practice, is experienced in project financing, having advised United Bulgarian Bank as a lender, and Ecophos SA as a borrower. Senior associate Kristina Lyubenova is 'outstanding'.

Testimonials

‘They are the best possible choice for a legal advisor in Bulgaria. They are great communicators and negotiators with a commercial approach. They are very detail-oriented and always provide outstanding commitment.’

 ‘A great mixture of international and local experience in banking and finance.’

‘The team is comprised of true professionals, very motivated and excited about what they do.’

‘The professionals within Kinstellar provide extensive and broad support in various areas to our company. Their reactions are quick, straightforward and the performance is outstanding.’

Key clients

Meridiam SAS

Lion’s Head Investments AD

Novenergia II Bulgaria

United Bulgarian Bank AD

Ecophos SA and Aliphos Bulgaria EAD

OTP Bank Nyrt

DSK Bank AD

Mezzanine Management

Commercial, corporate and M&A Tier 1

Kinstellar’s corporate and commercial practice is active across a wide range of sectors, with a particular expertise in cross-border work that draws on the firm’s network of offices across the CEE and central Asian regions. It has advised Meridam, part of a consortium including Flughafen München GmbH and the German construction giant Strabag on its winning bid for the €3.9bn concession to operate Sofia Airport and assisted Intervet International with restructuring its Bulgarian operations. Diana Dimova leads the team, and Nina Tsifudina is also highly regarded.

Key clients

MERIDIAM

Unilever

Intervet International

Mezzanine Management

TUI Group

KBC Group

United Bulgarian Bank

HuaweinTechnologies

MAN Energy Solutions

Real estate and construction Tier 1

The ‘proactive and client-focused’ real estate and construction practice at Kinstellar handles large-scale, complex, and cross-border projects for investment firms, property developers, and major clients in the retail and tourism industries. The firm advised the MERIDIAM consortium on its winning bid for the €3.9bn Sofia Airport concession – which included advice on proposed construction processes and the future relationship with current tenants of the five million sq.m. airport site. The team also advises international clients on entering into joint ventures with local businesses for major projects.  Antonia Mavrova, who leads the Sofia practice, has extensive experience in structuring lease agreements and property management contracts, while managing associate Mladen Minev brings his ‘outstanding know-how and eye for detail’ to real estate developments, including zoning and planning compliance, environmental assessment, and sales.

Testimonials

‘They are able to provide high quality expertise for different legal areas and to cover all the aspects of the transaction.’

‘The team is very cooperative, professional and responsive to any requests or questions we have.’

‘They always try to find the best solution for the client in very complex transactions.’

‘They provide business oriented legal advice, tailored to the needs of the client. The team is very flexible and they are available 24/7.’

Key clients

MERIDIAM

Old Mutual Property and AG Capital

Lion’s Head Investments

International Hotel Licensing Company S.À.R.L., a subsidiary of Marriott International Inc.

Garitage Investment Management

PEPCO

Garanti Koza

OTP Bank Nyrt.

UniCredit Bulbank AD

Nova City

Dispute resolution Tier 2

Kinstellar handles high-value disputes in infrastructure and public procurement, energy, pharmaceuticals, and finance. Having supported MERIDIAM in its winning bid to operate Sofia Airport, the firm has since been defending the award in litigation proceedings brought by competitors. The Sofia team is jointly led by Antonia Mavrova and Mladen Minev, while Kiev-based Kostiantyn Likarchuk is the firm-wide head of the litigation practice.

Testimonials

‘The lawyers in this practice impressed me with a depth of experience and ability to present a clear set of expectations regarding the outcome. They are able to hand a really complex disputes in a successful way due to their precisely selected and perfectly prepared and presented arguments.’

Key clients

Meridiam

Garitage Invesment Management

CSL Behring GmbH

Dubovo Energy EOOD

Budeshte Agro EAD

P&S East Growth Luxembourg Sicar S.C.A.

EU and competition Tier 2

Kinstellar’s EU and competition practice has a strong focus on transactional matters; it advised Old Mutual Property and AG Capital on the antitrust and horizontal overlap aspects of their joint venture to acquire the Polygraphia Office Centre and the €190m Megapark office building. The team is experienced in banking regulation and has worked for banks and insurance companies regarding bancassurance partnerships and the potential for such agreements to fall foul of prohibited vertical agreements. Counsel Dessislava Fessenko leads the team.

Key clients

Meridiam

International Hotel Licensing Company S.À.R.L., a subsidiary of Marriott International Inc.

Old Mutual Property and AG Capital

Generali Group

Energy and natural resources Tier 3

Kinstellar handles the energy aspects of large real estate deals and public infrastructure projects. The firm also counts energy and mining companies among its clients, providing advice on the regulatory environment to NovEnergy Group, and producing a handbook on mining regulation in conjunction with Simmons & Simmons. The team, headed up by Diana Dimova and Mladen Minev , has acted on contentious matters in the energy sector.

Testimonials

‘They are able to combine the efforts of different practices to predict and solve any arising issue. No matter whether it comes to an energy regulation, financing of an energy project, corporate or finance restructuring they always combine efforts and deliver a practical solution that works for the client.’

Key clients

Meridiam

Axpo

Sofia Park

Simmons & Simmons LLP

EBRD

NovEnergia Group

Dubovo Energy EOOD

Budeshte Agro EAD

Kinstellar’s Sofia office was opened in November 2014 with a core team of lawyers highly experienced in advising demanding international clients on complex finance, real estate and M&A matters. Senior members of the team are recognised in the local market and by top international law firms for their ability to work independently and deliver the highest levels of quality.

The firm’s presence in Bulgaria enhances its regional coverage and enables the firm to provide comprehensive regional coverage for multi-jurisdictional transactions and commercial needs across core markets in emerging Europe. The team in Sofia covers the full range of Kinstellar’s practice areas, with particular strength in banking and finance, real estate, corporate/M&A and private equity.

Areas of practice: The firm’s focal areas of practice include banking, finance and capital markets; competition and state aid; compliance, risk and sensitive investigations; dispute resolution; employment and labour law; energy; infrastructure and projects; M&A and corporate; real estate, construction and planning; restructuring and insolvency and technology, media and telecommunications.

Department Name Email Telephone
Banking, finance and capital markets Diana Dimova
Banking, finance and capital markets Svilen Issaev
Competition and state aid Dessislava Fessenko
Compliance, risk and sensitive investigations Dessislava Fessenko
Dispute resolution Antonia Mavrova
Dispute resolution Mladen Minev
Employment and labour Nina Tsifudina
Energy Diana Dimova
Energy Mladen Minev
Infrastructure and projects Diana Dimova
Infrastructure and projects Mladen Minev
Infrastructure and projects Antonia Mavrova
M&A and corporate Diana Dimova
Real estate, construction and planning Antonia Mavrova
Restructuring and insolvency Svilen Issaev
Technology, media and telecommunications Dessislava Fessenko
Photo Name Position Profile
 Borislav Atanasov  photo Borislav Atanasov
 Diana Dimova  photo Diana Dimova
 Dessislava Fessenko  photo Dessislava Fessenko
 Svilen Issaev  photo Svilen Issaev
 Antonia Mavrova  photo Antonia Mavrova
 Mladen Minev  photo Mladen Minev
 Nina Tsifudina  photo Nina Tsifudina
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