Eversheds Sutherland > Sofia, Bulgaria > Firm Profile

Eversheds Sutherland
9-11 MARIA LOUISA BLVD
SOFIA 1000
Bulgaria

Bulgaria > Banking, finance and capital markets Tier 1

Eversheds Sutherland is well known in the market for its capital markets practice and additionally has a well-regarded financial regulatory offering. The firm advises clients including banks, asset management firms and other financial institutions. Nikolay Bebov and Damyan Leshev are the practice co-heads, while Victoria Tzonkova provides further support in project financing and litigation in the banking space.

Practice head(s):

Nikolay Bebov; Damyan Leshev

Other key lawyers:

Victoria Tzonkova; Petar Ivanov

Key clients

4finance Group, including TBI Bank

Allianz Bank Bulgaria, part of Allianz Group

Bulgarian-American Credit Bank

Blockchain.BG/Human Liberty

Dronamics Global

Energo-Pro a.s.

European Bank for Reconstruction and Development

Ferratum Bank, Malta; Ferratum Bulgaria; Ferratum/Multitude Group

First Investment Bank AD

KBC Group, including KBC Asset Management N.V. and United Bulgarian Bank

MK Brokers AD

Ministry of Finance of the Republic of Bulgaria

Raiffeisen Asset Management

Raiffeisen Capital Management

Smart Fund Asset Management EAD

Société Générale

Work highlights

  • Advised Energo-Pro a.s. and its subsidiary Energo-Pro Varna EAD, a guarantor under the bonds, on all Bulgarian law aspects of the issuance of €300,000,000 4.262 per cent. guaranteed notes due 2035.
  • Acted as single transaction counsel on the first tranche of €10,000,000 out of €70,000,000 in total MREL bonds issued by TBI Bank EAD.
  • Acted as single transaction counsel on the €39,500,000 MREL bonds issued by Allianz Bank Bulgaria on 30 March 2023.

Bulgaria > Healthcare and life sciences Tier 2

Eversheds Sutherland, which merged with local firm Tsvetkova Bebov and Partners in June 2022, assists pharmaceutical and food companies with regard to competition and contract law issues, as well as representing clients in commercial and administrative litigation proceedings. Among the matters the team is regularly instructed on are market access issues, pricing and reimbursement legislation, clinical trial agreements and compliance with regulations. The team is jointly led by Irina Tsvetkova and Eleonora Mateina, the latter of whom is praised for her ‘stunning knowledge of pharmaceutical law.

Practice head(s):

Irina Tsvetkova; Eleonora Mateina

Testimonials

‘They have more than 20 years’ experience working with big pharma companies – they know the industry, the legislation, the background and the market players.’

‘Eleonora Mateina is always available, very quick and very efficient, with stunning knowledge of pharmaceutical law and business.’

Key clients

Applied Molecular Transport, Inc.

AstraZeneca

Mars and Royal Canin

Podravka

Work highlights

  • Providing legal support to AstraZeneca in Bulgaria on an ongoing basis regarding regulatory, pricing and reimbursement, ethical, commercial, employment, personal data protection and other matters.
  • Advised Applied Molecular Transport, Inc., in its capacity as sponsor, and Alimentiv B.V., in its capacity as CRO, on the conduct of clinical trials in Bulgaria in several clinical sites across the country.
  • Advising Mars, Inc. on a recurring basis on matters including pet food regulation in Bulgaria and representation before the administrative authorities and courts in cases related to labelling, placing products on the market, product recalls and mandatory registrations.

Bulgaria > Commercial, corporate and M&A Tier 3

Eversheds Sutherland is entrusted with varied work which includes advice on M&A deal structuring, completing due diligence and other corporate documentation, as well as the restructuring of domestic and foreign businesses. Practice co-head Irina Tsvetkova is well versed in mergers and acquisitions and the resulting restructurings, and fellow co-head Nikolay Bebov  similarly acts in M&A deals, but with a focus on the financial sector.

Practice head(s):

Irina Tsvetkova; Nikolay Bebov

Other key lawyers:

Eleonora Mateina

Testimonials

‘The team is unique since they are very competent, business oriented and always accessible.’

‘The lawyers are very dedicated to their work and always try to find the right practical solution for the client.’

Key clients

AstraZeneca

Alstom Ferroviaria S.p.A./ Bombardier Transportation

Green Innovation

Japan-Bulgaria Business Association

Japan Tabaco International

LBL Investment

Royal Canin Bulgaria

Transact Europe

TE Connectivity Germany GmbH

THIES VERWALTUNGS GmbH

Viterra Romania

Work highlights

  • Acted as the leading counsel for Transact Europe, including the drafting of the share purchase agreement, advising the client in the negotiations, on a range of regulatory matters, on the escrow agreement among the escrow agent and the sellers and buyer, and on all closing matters.
  • Advises AstraZeneca on a day-to-day basis on commercial and corporate matters.
  • Provides Japan Tobacco International with advice on all commercial agreements of the company.

Bulgaria > Intellectual property Tier 3

Eversheds Sutherland assists national and international companies, most notably AstraZeneca, on a whole host of IP matters, ranging from day-to-day consultancy on the IP aspects of marketing activities to representing clients in court and arbitration proceedings and before the EUIPO and the Bulgarian Patent Office. Nikolay Bebov and Philip Kiossev jointly lead the team.

Practice head(s):

Nikolay Bebov; Philip Kiossev

Key clients

Alpi Digital Commerce

AstraZeneca

Green Innovation

Japan Tobacco International Bulgaria

Momos Bulgaria

Work highlights

  • Assisted Alpi Digital Commerce EOOD in the acquisition of the intellectual property of a Bulgarian company, related to the operation of the business on the website kompoti.bg.
  • Providing all-round legal advice to Green Innovation, including on the protection of the IP rights developed by the company.
  • Assisted Momos Bulgaria EOOD with the IP aspects of the drafting and negotiation of a franchise agreement with a Greek counterparty.

Bulgaria > Dispute resolution Tier 4

Investment arbitration, cross-border disputes, commercial and employment litigation as well as advice during insolvency proceedings are some examples of what the Litigation department at Eversheds Sutherland undertakes. Victoria Tzonkova is an expert litigator and insolvency practitioner and leads the practice group.

Practice head(s):

Victoria Tzonkova

Key clients

AstraZeneca

Bio Benjamin

Deutsche Bahn

Faro S.p.A.

Iglika IE

Société Générale

Viterra Romania

Work highlights

  • Represents Société Générale, Paris as a major creditor in complex insolvency proceedings concerning the Corporate Commercial Bank – declared insolvent in 2015.
  • Represents the Italian jewelry manufacturer Faro S.p.A. in a trial against the Bulgaria’s Customs Office. The case is based on the EU state liability concepts and the relevant court practice of the European Court of Justice.
  • Represented the Bulgarian furniture manufacturer Iglika-IE EOOD in a dispute with one of its creditors. Iglika-IE had defaulted on the repayment of a Loan Agreement (secured with a promissory note) and the counterparty threatened to file an action against the client.

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.

Department Name Email Telephone
Arbitration Eleonora Mateina eleonora.mateina@tbp.bg
Banking Nikolay Bebov nikolay.bebov@tbp.bg
Banking Damyan Leshev damyan.leshev@tbp.bg
Banking Petar Ivanov petar.ivanov@tbp.bg
Capital markets Nikolay Bebov nikolay.bebov@tbp.bg
Capital markets Damyan Leshev damyan.leshev@tbp.bg
Capital markets Petar Ivanov petar.ivanov@tbp.bg
Commercial transactions Eleonora Mateina eleonora.mateina@tbp.bg
Competition Eleonora Mateina eleonora.mateina@tbp.bg
Dispute resolution Philip Kiossev philip.kiossev@tbp.bg
Dispute resolution Victoria Tzonkova victoria.tzonkova@tbp.bg
Employment Victoria Tzonkova victoria.tzonkova@tbp.bg
Employment Martina Dimitrova martina.dimitrova@tbp.bg
Energy Irina Tsvetkova irina.tsvetkova@tbp.bg
EU law Irina Tsvetkova irina.tsvetkova@tbp.bg
Insolvency and reorganisation Irina Tsvetkova irina.tsvetkova@tbp.bg
Insolvency and reorganisation Victoria Tzonkova victoria.tzonkova@tbp.bg
Insurance Nikolay Bebov nikolay.bebov@tbp.bg
Intellectual property Philip Kiossev philip.kiossev@tbp.bg
Intellectual property Mirela Hristova mirela.hristova@tbp.bg
Life sciences (foodstuffs, food supplements and cosmetics) Philip Kiossev philip.kiossev@tbp.bg
Life sciences (foodstuffs, food supplements and cosmetics) Eleonora Mateina eleonora.mateina@tbp.bg
Life sciences (foodstuffs, food supplements and cosmetics) Anastasiya Grunova anastasiya.grunova@tbp.bg
Life sciences (pharmaceuticals and medical devices) and healthcare Eleonora Mateina eleonora.mateina@tbp.bg
Life sciences (pharmaceuticals and medical devices) and healthcare Anastasiya Grunova anastasiya.grunova@tbp.bg
Life sciences (pharmaceuticals and medical devices) and healthcare Philip Kiossev philip.kiossev@tbp.bg
Mergers and acquisitions Irina Tsvetkova irina.tsvetkova@tbp.bg
Personal data protection Victoria Tzonkova victoria.tzonkova@tbp.bg
Personal data protection Martina Dimitrova martina.dimitrova@tbp.bg
Real estate and construction Irina Tsvetkova irina.tsvetkova@tbp.bg
Transport (rail and aviation) Nikolay Bebov nikolay.bebov@tbp.bg
Photo Name Position Profile
Nikolay Bebov photo Mr Nikolay Bebov Partner, Head of Financial Services Law Group. Practices include: Capital Markets, Banking,…
Irina Tsvetkova photo Mrs Irina Tsvetkova Managing Partner, Practices include: M&A, Commercial Transactions, Corporate Law
Number of lawyers : 20
Bulgarian
English
French
Italian
German
Russian
Turkish
Contacts : Irina Tsvetkova (Senior Managing Partner)
Contacts : Nikolay Bebov (Managing Partner)