Tsvetkova Bebov & Partners > Sofia, Bulgaria > Firm Profile

Tsvetkova Bebov & Partners
SOFIA 1000

Bulgaria > Banking, finance and capital markets Tier 1

The financial services team at Tsvetkova Bebov & Partners is widely recognised for its expertise in the debt and equity capital markets space, and is adept at handling financial transactions and regulatory issues. Managing partner Nikolay Bebov has 20 years’ experience in the banking and capital markets space, and counts high-end matters in his caseload. Bebov heads the team alongside Damyan Leshev; they are supported by Victoria Tzonkova, who focuses on financial litigation matters.

Practice head(s):

Other key lawyers:

Key clients

4finance Group

Alaric Securities

Balkan Advisory Company

Compass Invest

Energo-Pro A.S.

First Investment Bank

KBC Asset Management N.V.

Ministry of Finance of the Republic of Bulgaria

MK Brokers

National Bank of Canada

OFM Capital Partners

Raiffeisen Asset Management

Raiffeisen Capital Management

Smart Fund Asset Management

Société Générale

TBI Bank

Transact Europe

Work highlights

  • Advised The Republic of Bulgaria’s Ministry of Finance on all matters of Bulgarian law in relation to its €2.5bn dual-tranche issuance under its increased €10bn GMTN Programme.
  • Advised KBC Asset Management N.V. on the legal aspects of launching a new umbrella feeder fund in Bulgaria.
  • Advising TBI Bank EAD on the issuance of first tier 2 bonds issued by a Bulgarian bank.

Bulgaria > Healthcare and life sciences Tier 2

Tsvetkova Bebov & Partners advises multinational clients across the pharmaceutical and food sectors, including manufacturers and distributors, on day-to-day activities ranging from regulatory issues to pricing and reimbursement matters. The practice group boasts an impressive client list and acts for well-known companies such as AstraZeneca, Takeda and Mars. Managing partner Irina Tsvetkova jointly leads the team, which includes senior associate Philip Kiossev, alongside managing associate Eleonora Mateina, following the departure of Ilya Komarevski  in September 2021.

Practice head(s):

Irina Tsvetkova; Eleonora Mateina

Other key lawyers:


‘Philip Kiossev has been excellent. His advice has been clear and helpful and he is very responsive.’

‘Innovative and open-minded thinking, quick and confident reaction, understanding of business needs, flexible and responsive.’

Key clients



Mars and Royal Canin

Applied Molecular Transport Inc.


Advent Group


Work highlights

  • Advising AstraZeneca Bulgaria on an ongoing basis, including regulatory, pricing and reimbursement, ethical, commercial, employment, personal data protection and other matters.
  • Advising Takeda on an ongoing basis, including regulatory, pricing and reimbursement matters, and currently, in relation to early access of new medicinal products on the Bulgarian market.
  • Advising Mars on an ongoing basis, on food, food supplements and pet food regulation in Bulgaria, representation before administrative authorities and courts on matters related to labelling claims, placing products on the market, product recalls and mandatory registrations.

Bulgaria > Commercial, corporate and M&A Tier 3

The commercial and M&A team at Tsvetkova Bebov & Partners counts domestic companies and well-known international corporations, including AstraZeneca and Japan Tobacco International, among its roster of clients. Irina Tsvetkova has over 30 years’ experience in handling M&A transactions together with post-deal structuring. Tsvetkova jointly leads the practice alongside managing associate Eleonora Mateina and head of the financial services group, Nikolay Bebov, following the departure of Venelin Dimitrov  in September 2021.

Key clients



Mars International

Japan Tabaco International

PVB Power (Hera Group)

TCHIBO International


DB Cargo Bulgaria



Devnya Cement


Cetin Bulgaria (PPF Group)

Ergana Films

EEMH – Eastern European Media Holdings

Work highlights

  • Advised Aresgas, part of the Italian group Hera, on M&A deals.
  • Advised Kone on three transactions for acquisition of Bulgarian companies in the lift technology industry.
  • Advised and represented PVB Power in the restructuring and sale of its hydro-power plants business in Bulgaria.

Bulgaria > Intellectual property Tier 3

Tsvetkova Bebov & Partners acts for its roster of clients on anti-counterfeiting legal actions, registration of trademarks and designs, transfer of copyrights and patents, as well as licensing matters. Following the departure of Ilya Komarevski  in September 2021 to Komarevski Dimitrov & Partners, Nikolay Bebov leads the practice group and advises on software licensing agreements and copyright issues. Litigator Victoria Tzonkova is a key member of the team.

Practice head(s):

Other key lawyers:

Key clients

GoForth Consulting


Work highlights

  • Advising CrazyLabs on the transfer of IP rights and drafting of employment agreement IP clauses in Bulgaria
  • Registered a trademark to be used by GoForth Consulting.

Bulgaria > Dispute resolution Tier 4

Noted for its expertise in banking disputes and insolvency proceedings, Tsvetkova Bebov & Partners often cooperates with well-known international law firms in arbitration and ECJ cases. Victoria Tzonkova leads the practice group, following the departure of Ilya Komarevski in September 2021.

Practice head(s):

Victoria Tzonkova


‘Very proactive and client oriented.’

‘Victoria Tsonkova is highly skilled, objective-oriented and an experienced lawyer who gives the right advice without pushing the client to go into this or that direction.’

‘Clear, well structured communication. Good planing of the process and the engagement of our team.’

‘Strong knowledge of the matter, great communication skills, professional and ethical behaviour.’

Key clients

Societe Generale


Viterra Romania



Deutsche Bahn

Hillside (Bulgaria)

Raiffeisenbank (Bulgaria)

Musala Soft

Ferratum Bulgaria

Via 2000

Work highlights

  • Representing Société Générale, Paris in the insolvency proceedings of the Bulgarian bank, Corporate Commercial Bank, declared insolvent in 2015.
  • Representing the Bulgarian subsidiary of Deutsche Bahn in two proceedings against the Bulgarian state-owned railway company relating to damage caused in major railway accidents amounting to more than €700k.
  • Representing Viterra Romania in various commercial cases and insolvency proceedings against debtors of the company.

Bulgaria > Energy and natural resources Tier 4

Tsvetkova Bebov & Partners advises both domestic and international companies on corporate, finance, public procurement and commercial mandates arising out of the gas and electricity sectors. The practice is solely led by managing partner Irina Tsvetkova, following the departure of senior associate Aleksandar Aleksandrov in September 2021 to Komarevski Dimitrov & Partners, Attorneys-at-Law.

Practice head(s):

Key clients



DB Cargo Bulgaria

Gazo-energiino druzhestvo Elin Pelin

PVB Power Bulgaria

NIS Petrol

Overgas Mrezhi

Toplofikatsiya Razgrad

Work highlights

  • Advising Arkad Consortium on the implementation of the biggest public procurement in Bulgaria.
  • Advising DB Cargo Bulgaria on the conclusion of power purchase agreement.

Bulgaria > Real estate and construction Tier 4


Tsvetkova Bebov & Partners  is one of the largest business law firms in Bulgaria. With 20 lawyers and specialized teams practicing in areas such as commercial law, corporate law, financial services (banking, capital markets, and insurance) law, M&A, real estate and construction law, labor law, litigation, energy law, the firm is well suited to serve its many domestic and international corporate clients.

Arbitration Eleonora Mateinaeleonora.mateina@tbp.bg
Banking Nikolay Bebovnikolay.bebov@tbp.bg
Banking Damyan Leshevdamyan.leshev@tbp.bg
Banking Petar Ivanovpetar.ivanov@tbp.bg
Capital markets Nikolay Bebovnikolay.bebov@tbp.bg
Capital markets Damyan Leshevdamyan.leshev@tbp.bg
Capital markets Petar Ivanovpetar.ivanov@tbp.bg
Commercial transactions Eleonora Mateinaeleonora.mateina@tbp.bg
Competition Eleonora Mateinaeleonora.mateina@tbp.bg
Dispute resolution Philip Kiossevphilip.kiossev@tbp.bg
Dispute resolution Victoria Tzonkovavictoria.tzonkova@tbp.bg
Employment Victoria Tzonkovavictoria.tzonkova@tbp.bg
Employment Martina Dimitrovamartina.dimitrova@tbp.bg
Energy Irina Tsvetkovairina.tsvetkova@tbp.bg
EU law Irina Tsvetkovairina.tsvetkova@tbp.bg
Insolvency and reorganisation Irina Tsvetkovairina.tsvetkova@tbp.bg
Insolvency and reorganisation Victoria Tzonkovavictoria.tzonkova@tbp.bg
Insurance Nikolay Bebovnikolay.bebov@tbp.bg
Intellectual property Philip Kiossevphilip.kiossev@tbp.bg
Intellectual property Mirela Hristovamirela.hristova@tbp.bg
Life sciences (foodstuffs, food supplements and cosmetics) Philip Kiossevphilip.kiossev@tbp.bg
Life sciences (foodstuffs, food supplements and cosmetics) Eleonora Mateinaeleonora.mateina@tbp.bg
Life sciences (foodstuffs, food supplements and cosmetics) Anastasiya Grunovaanastasiya.grunova@tbp.bg
Life sciences (pharmaceuticals and medical devices) and healthcare Eleonora Mateinaeleonora.mateina@tbp.bg
Life sciences (pharmaceuticals and medical devices) and healthcare Anastasiya Grunovaanastasiya.grunova@tbp.bg
Life sciences (pharmaceuticals and medical devices) and healthcare Philip Kiossevphilip.kiossev@tbp.bg
Mergers and acquisitions Irina Tsvetkovairina.tsvetkova@tbp.bg
Personal data protection Victoria Tzonkovavictoria.tzonkova@tbp.bg
Personal data protection Martina Dimitrovamartina.dimitrova@tbp.bg
Real estate and construction Irina Tsvetkovairina.tsvetkova@tbp.bg
Transport (rail and aviation) Nikolay Bebovnikolay.bebov@tbp.bg
Nikolay Bebov photoMr Nikolay BebovPartner, Head of Financial Services Law Group. Practices include: Capital Markets, Banking,…
Irina Tsvetkova photoMrs Irina TsvetkovaManaging Partner, Practices include: M&A, Commercial Transactions, Corporate Law
Number of lawyers : 20
Contacts : Irina Tsvetkova (Senior Managing Partner)
Contacts : Nikolay Bebov (Managing Partner)