Firm Profile > Kambourov & Partners > Sofia, Bulgaria

Kambourov & Partners
37A FRIDTJOF NANSEN STR
FL.5
1142 SOFIA
Bulgaria

Banking, finance and capital markets Tier 1

Kambourov & Partners provides ‘prompt and high quality’ advice across the full spectrum of banking and finance work. The team is experienced in refinancing large loan facilities and arranging project and acquisition financing, chiefly on behalf of borrowers. Proceedings arising from insolvencies and liquidations are another key strength, where it draws on the firm’s strong litigation practice.  Yavor Kambourov, who is praised for his ‘great knowledge of the market and the country’ heads the team, while Vladimir Rangeloff, whose ‘knowledge and experience are exceptional in the field’ leads on most of the team's largest matters.

Practice head(s):

Yavor Kambourov

Testimonials

‘Excellent team with highly professional approach to the cases.’

‘The team provides prompt and high-quality services where the motivation of the lawyers and their level of expertise are constantly expressed.’

‘I was very impressed by the team’s responsiveness, knowledge and service mindedness.’

Key clients

Ziff Ivin Associates

Bulgarian Telecommunications Company

Highgate Capital

First State Investments/ AENA

Advance Media Group

International Investment Bank

First Investment Bank

Crowdcredit

Worldview/Petroceltic

WING

Generali

Bulgarian Industrial Engineering and Management AD (BIEM)

Bulgarconf

Impera Trading

Dedicated Property Group

Commercial, corporate and M&A Tier 1

Kambourov & Partners advises on major transactions in both the Bulgarian and wider regional markets. With M&A mandates in the energy, IT, telecoms and banking industries, the team is experienced in executing large transactions in highly regulated sectors. Recent work includes acting for Advance Media Group on its €185m acquisition of Nova Broadcasting Group. The group also advises on structuring complex payment and security arrangements for share transfers, and regularly handles corporate restructurings for large companies including Wizz Air and Naspers. The practice is led by the ‘strategicVladimir Rangeloff and the ‘committedVeronika Hadjieva.

Practice head(s):

Vladimir Rangeloff; Veronika Hadjieva

Key clients

Advance Media Group

Stillfront Group

Bulgarian Telecommunications Company

Verisk

Shareholder in Union Ivkoni

Petroceltic

WizzAir

Naspers

Barnes Global

Highgate Capital

NOVA TV

Perfektüp Ambalaj San. ve Tic. A.Ş.

Regus Bulgaria

Soriko

Mandjoukov Holding

Kaufland Bulgaria

Herbalife

Alorica

Dispute resolution Tier 1

Kambourov & Partners is experienced in domestic and international arbitration proceedings, as well as multi-jurisdictional litigation, securitisation of claims and exequatur procedures. The firm acts for clients in contentious post-merger proceedings, litigation relating to public procurement proceedings, and high-profile white collar criminal defence. The team, led by Emil Emanuilov, offers alternative forms of dispute resolution and enforcement, such as debt restructuring, debt-equity swaps, and acquisitions. Kambourov & Partners acts in contentious matters for major clients including First Investment Bank, the Bulgarian Football Union, Strabag, and Wizz Air.

Practice head(s):

Emil Emanuilov

Key clients

Cosmote Mobile Telecommunications S.A.

First Investment Bank

Bulgarian Football Union

Bulgarian Telecommunications Company

UniCredit Bulbank

NURTS Digital/NURTS Bulgaria

Tabacos de Wilson

Federal State Unitary Enterprise of the Business Administration of the President of the Russian Federation (FSUE Goszagransobstvennost)

Wacoal Europe Sarl

V2 Investmeпt S.a.r.l

Petroceltic

Imex Group

Strabag AG

Bulgarian Development Bank

Highberg Solution

Wizz Air 3

Katarzyna Estate

Bulgarian Export Insurance Agency (BAEZ)

CEZ s.a.

Energy and natural resources Tier 1

The ‘pro-active’ team at Kambourov & Partners is particularly experienced in the field of electricity trading, having advised the European Federation of Energy Traders, GEN-I, MVM Group and the Hydroenergy Group on their activities in the Bulgarian market. Pipelines are another core strength of the firm; it acted for Societa Appalto Lavori Pubblici and Citygas Bulgaria on public procurement bids for pipeline construction, and associated subsequent contractual disputes. The practice is headed by Stefan Tzakov, an experienced litigator who ‘stands out’ for his wide-ranging expertise in the Bulgarian energy market. Irena Petkova is also noted.

Practice head(s):

Stefan Tzakov

Testimonials

‘I can fully recommend the firm. They are an accurate and reliable service provider. Compared to other firms they are very commercial and approachable.’

Key clients

Arkad, Saudi Arabia

ČEZ, a.s., Czech Republic

Tesla Inc.

ACT Commodities B.V.

Societa Appalto Lavori Pubblici S.p.A (SALP), Italy

Hydroenergy Group, Bulgaria

Kurucu Law Offices, Turkey

Citygas Bulgaria EAD

European Federation of Energy Traders (EFET)

GEN-I d.o.o., Slovenia

RWE Supply & Trading, Germany

MVM Group, Hungary

Worldview Economic Recovery Fund/Petroceltic Group

EU and competition Tier 1

Kambourov & Partners’ EU and competition practice advises corporate clients on compliance, acts in contentious matters brought by competitors or the competition authorities, and provides consultancy on merger control and clearance. Notable contentious matters include acting for Wizz Air in its claim against the Bulgarian state for illegal state aid to its competitors. Abuse of stronger bargaining position - introduced in 2015 - has become another key focus of the firm, which has since advised market-leading clients in a range of sectors. The team is led by the ‘impressive’ Stefan Tzakov, with Plamen Yotov and Elena Apostolova also noted.

Practice head(s):

Stefan Tzakov; Plamen Yotov

Testimonials

‘They invariably manage to balance legal and business concerns by providing commercially reasonable legal advice. They exhibit tremendous work ethic and always put in the maximum effort necessary to secure utmost quality of their legal services.’

‘The team successfully handles the entire spectrum of competition law (merger control, abuse of dominance, vertical and horizontal agreements, state aid, unfair competition) offering profound and yet client-friendly and business-oriented advice with all competition-law aspects duly taken into consideration.’

‘The firm astonishes with its grasp on current case law developments, thus always providing well-researched and up-to-date legal opinions on any competition-law issue. The team also excels in competition litigation through precise and all-encompassing strategic thinking.’

‘The team and its members are willing to go the extra mile and research the areas outside of their immediate expertise, thus creating innovative legal solutions.’

Key clients

Robert Bosch GmbH (Bosch)

Consultancy Engineering Group OOD

Lidl Bulgaria

bTV Media Group/Central European Media Enterprises

Kaufland Bulgaria

Kamenitza AD/Starbev Netherlands B.V./Molson Coors

Dante International S.A. (eMAG)

Maxima Bulgaria

Wizz Air

Prestige-96

Highgate Capital

Balkansat

Mlin-97

Zora

Intellectual property Tier 1

Kambourov & Partners primarily advises clients in the media and manufacturing industries. For media clients, this has included acquisition of intellectual property assets relating to M&A deals, acting against  unauthorised use of copyrighted fictional characters, and drafting contracts that protect recordings of live concerts. Notably the firm successfully represented a television production company against a defamation claim, brought by a former member of parliament mocked in a comedy sketch. The team also acts for manufacturers on the protection of their industrial designs. The ‘extremely accomplished’ Margarita Guigova leads the team.

Practice head(s):

Margarita Guigova

Testimonials

‘In my opinion this practice genuinely has it all, the industry knowledge and experience, the skill, and the attitude. The team treats every issue with meticulous care, applying an impressively systematic approach.’

‘The practice is multi-disciplinary, excelling in all areas of intellectual property including copyright, trademarks, and patents. The team is strong in terms of both legal and commercial knowledge, with great industry insight, creative approach, flexibility and resourcefulness.’

‘Margarita is a strong advisor and litigator, calm, practical and profoundly knowledgeable. She has a quick, sharp mind and is a fantastic tactician and negotiator.’

Key clients

COORS BREWING COMPANY – Kamenitza AD

Numer

Prestige-96

Advance Media Group

Fitbit Inc.

New Films International

Amps on Air

Roshen

Petroceltic

Global Frame

Alians-DN

Mlin-97

Natalia Atanassova

Sofia Municipality

Orlin Pavlov

Projects and PPP Tier 1

Kambourov & Partners handles large-scale infrastructural, real estate, and energy projects, with experience in public procurement processes. The firm advises participants in public tenders for gas pipeline construction, metro design and construction, and electronic fee collection. Projects include oil and gas exploration, factory expansion, and construction of office buildings. The team is headed up by Stefan Tzakov, experienced in concession procedures and tender award litigation, and Atanas Shopov, who has extensive experience in public procurement procedures in a variety of sectors.

Practice head(s):

Stefan Tzakov; Atanas Shopov

Testimonials

‘Kambourov & Partners are very flexible. Partners are hands-on and involved in every project. The firm can handle very complex multiphased projects and transactions.’

Key clients

Consortium SOF Connect

Arkad

Tesla Inc.

Urban Creatures

Samkarshan

Park Lane Developments

Kapsch Trafficcom AG

Monolit

Witte Automotive Bulgaria

Kaufland Bulgaria

Worldview Economic Recovery Fund / Petroceltic Group

Societa Appalto Lavori Pubblici S.p.A (SALP), Italy

Citygas Bulgaria

Transport (including shipping) Tier 1

Kambourov & Partners’ extensive transport practice counts engineering and construction firms, car manufacturers, bus fleet operators, airlines, and fee-collection subcontractors among its clients. It advises on M&A deals in the transport sector, tender participation, and ongoing contractual advice for winning bidders of infrastructural project tenders. The practice is jointly led by Stefan Tzakov and Atanas Shopov, both experts in public procurement, who have advised several winning bidders of concessions to build or operate major transport and shipping hubs.

Practice head(s):

Stefan Tzakov; Atanas Shopov

Key clients

Consortium SOF Connect 

Tesla Inc.

 Kapsch Trafficcom AG

Monolit

Witte Automotive Bulgaria

Real estate and construction Tier 2

Kambourov & Partners seek to assist clients throughout the life-cycle of large scale projects, including due diligence, facilitating negotiations between partners and with financial institutions, structuring transactions, FIDIC drafting, construction regulation compliance, and long term leasing arrangements. Notably, the firm has acted for First Investment Bank on its financial lease of 40% of a huge tract of land outside Sofia, on the site of what was formerly Bulgaria’s largest steel mill. The firm advises property developers on an ongoing basis regarding major office and residential developments, as well as clients in the logistics and manufacturing industries. The ‘knowledgeable, thorough, and flexible’ Atanas Shopov heads the practice, while Radosveta Kojuharova, praised as ‘a great negotiator, flexible but persistent’, is a key team member.

Practice head(s):

Atanas Shopov

Testimonials

‘The practice is unique because of its thorough industry insight, the combination of advisory and litigation services and the ability to blend together refined legal skills with business sense.’

‘Kambourov & Partners is definitely amongst the leaders in real estate and construction. They can provide practical legal advice and assistance in all kinds of matters, including complex multiphase deals and lengthy projects.’

‘All team members are incredibly experienced, focused, knowledgeable and effective.’

Key clients

Kaufland

First Investment Bank

Maxima

KAPSCH

Monolit

Park Lane Srebarna

Strabag AG

Witte Automotive Bulgaria

Kamenitza AD

Intercontinental Hotels Group

Park Lane Developments

CBRE

Urban Creatures

Samkarshan

SALP

Akropolis

Citygas

Regus

Unique Estates

TMT Tier 2

The ‘practical and solution-oriented’ TMT practice at Kambourov & Partners advises major telecoms and tech companies, including Vodafone and Broadcom, on the regulatory and licensing requirements for expansion into Bulgaria. The firm is highly experienced in IP law, in addition to data protection; it advises clients in a wide range of sectors on GDPR and AML compliance, including customer service outsourcing companies on data transfer regulations. The ‘proactive’ Mitko Karushkov heads the practice, which includes newly-promoted senior associate Mario Arabistanov, noted for his ‘diligence’ and ‘proficiency’.

Practice head(s):

Mitko Karushkov

Testimonials

‘Very responsive with clear guidance on complex Bulgarian law issues.’

‘They are proficient in TMT law and work the fastest form all legal firms we have worked with for this specific area.’

‘Very responsive and pragmatic approach.’

Key clients

Broadcom Corporation

Rosatom

Akme Engineering

Alorica

Net Info

Vodafone Global Enterprise

Chivas Holdings Limited

Lufthansa AirPlus Servicekarten GmbH

BASF

Kaufland

Bacardi-Martini

Usonia Labs

Church & Co Ltd. (Prada brand)

The firm: Kambourov & Partners (KP) is a leading Bulgarian law firm with 30 years of unique experience and insight. It started out as a litigation-focused practice but over the years evolved into a full-service law firm thus offering its clients any type of legal support they may require in the course of their business.

History: Privatization of state-owned companies in the late 90s acted as a major push in the firm’s development. Kambourov & Partners have been retained to represent either the Bulgarian state or prospective buyers of key state enterprises in virtually all sectors of the Bulgarian economy, most eloquent examples being the privatizations of the Bulgarian Telecommunications Company, Bulgartabac Holding, National Movie Center, electricity distribution companies, National Cargo Railway Operator, Municipal Bank, etc.

In addition to that, since the early 90s the firm has actively participated in the development of the banking sector in Bulgaria. The firm’s unique experience commenced with the first ever and still biggest bank insolvency – of First Private Bank in 1996, where name partner Yavor Kambourov acted as assignee.  Among the firm’s recent mandates are assisting clients such as HSBC Bank Plc, Barclay’s Bank, ING Bank, ADM Capital, IFC, as well as all major local banks.

The energy sector also acquired a significant place in the firm’s practice, positioning it as a first tier law firm for the past decade. The firm has assisted companies like E.ON and Energo-Pro and acted on projects like the Shah Deniz pipeline, the Nabucco gas pipeline, the development of the South Stream project; plans for the development of Belene nuclear power plant (including Atomstroyexport, HSBC Bank plc., RWE), etc.

Today: We specialise in general business law and provide services under the Bulgarian jurisdiction to domestic and international clients within various practice areas including Corporate, M&As, Competition, Energy, Banking, Finance, Employment, IP, TMT, Litigation & Arbitration, Restructuring & Insolvency, Real Estate, Tax, Regulatory & Compliance, etc.

With 16 fully integrated departments, we cover all client needs and help achieve business goals. The firm is certified with an ISO 9001:2008 standard and operates a quality management system to ensure meeting client and stakeholder needs and complying with statutory and regulatory requirements.

Working languages: English, German, Spanish, French, Italian, Russian

Areas of practice: Banking & Finance: KP covers finance, securities and banking law, with specific proficiency in simultaneous and syndicated facility arrangements, public and private bond placements, enforcement of different security agent structures, public takeovers, regulation of banking and capital markets, financial collateral arrangements, enforcement of netting arrangements, custodian and escrow arrangements of financial instruments.

Corporate, Commercial, M&As: The firm provides comprehensive general advice including choice of company type, incorporation, taxation, corporate management and control, regulatory compliance. KP is the go-to firm for large-scaled, local and cross border mergers and acquisitions. Clients are supported through complex corporate reorganizations and restructurings, where the team covers share and asset mergers, demergers and business separation, legal and financial analysis of a company’s capital and equity structure and reorganization of a company’s legal forms.

Energy & Natural Resources: KP is the only outfit in Bulgaria capable of providing the full range of legal services pertaining to every aspect of the energy sector: nuclear, gas, mining, fuels, electricity generation, electricity distribution and supply, trading in electricity, renewable energy resources, regulatory, project finance, and litigation. It is the latter that particularly sets the firm apart from our competitors as we have a broad practice representing clients before Bulgarian courts, the Commission on Protection of Competition, the State Energy and Water Regulatory Commission, the Ministry of Economy and Energy, the Ministry of Regional Development and others.

Real Estate and Construction: KP is well-known for a client portfolio that requires multidisciplinary real estate advice. The team has the depth and diversity of experience to assists clients through the development and realization of large-scale projects, transaction structuring, facilitating negotiations, FIDIC drafting, real estate & construction arbitration and litigation and especially FIDIC arbitration proceedings. The team covers the entire property ‘life-cycle’ including legal due diligence, acquisitions and dispositions, land use, planning and development, construction, financing and joint venturing, investments, taxation, landlord and tenant matters, leasing, securitization, establishment of mortgages, environmental law, insurance, etc.

Litigation, Arbitration and ADR: Launched in 1988 as a dispute resolution law firm, KP remains unrivalled in its experience before Bulgarian courts and in domestic and international arbitration proceedings. We cover all types of individual claims in all areas of business law, including banking and finance, corporate and commercial litigation, unfair competition, energy and project finance disputes, insurance disputes, IP litigation, procedures for recognition and enforcement of foreign judgments and arbitral awards. The firm is among the few in Bulgaria that have experience in collective claims. The team has an impressive background in multijurisdictional litigation and international arbitration, securitization of claims, exequatur procedures, writ of execution-related procedures.

Employment and Immigration: With a proven competence in social-security matters, structuring of employee contracts in the context of large international groups, monitoring of compliance with employment, social security, anti-discrimination, personal data protection and employee dismissal legislation, the team helps clients conform their workplace practices and procedures to local law. The department is equally experienced in employment litigation on matters ranging from professional injuries to mass dismissals. Being among the first on the Bulgarian legal market to actually realize the interplay between the migration regime and various sectors, including foreign investments, taxation, social area, labour regulations etc., the firm established a separate department to specifically cover these matters. Clients are guided through a wide range of administrative procedures, such as issuing of visas for short term stay, prolonged residence permits and permanent residence permits for citizens of non-EU member states. Advice is also provided on long-term residence permits for foreigners who are citizens of EU countries.

EU and Competition: Well aware of the impact that competition rules have on all sectors of the economy, we consider both sets of unfair competition regulation (domestic and EU) when shaping complex advice on dominance, cartels, dawn raids, pricing, refusal to supply, etc. Our experience in cross-border M&As and foreign investments has significantly contributed to the development of a competition expertise in a multitude of industry sectors, including energy, agriculture, food and beverage, technology, financial services and healthcare. The team provides compliance support and merger control advice on domestic and trans-border mergers and acquisitions and other manifold transactions. Just as well, the department covers the interpretation and application of international private law in contentious trans-border issues. Clients are represented in competition-related litigation before national courts and the Bulgarian Commission for Protection of Competition.
IP, Leisure and Entertainment: The IP practice represents both local and multinational trademark and industrial design holders in numerous proceedings before the Bulgarian Patent Office, EUIPO and WIPO. In addition to registration services, the team concentrates on IP infringement and unfair competition litigation, cross-border licensing, anti-counterfeiting and customs measures. With firm positions in the media and show business, the IP team advises all participants in the leisure and entertainment industry – copyright owners, performing artists, TV and movie producers, broadcasters, collecting societies. Furthermore, the department audits intellectual property assets in the context of legal due diligence required for sale, acquisition and securitization purposes.
Department Name Email Telephone
Banking & Finance Yavor Kambourov
Corporate and M&A Vladimir Rangeloff
Corporate and M&A Veronika Hadjieva
Energy Stefan Tzakov
IP Margarita Guigova
Competition Stefan Tzakov
Real Estate Atanas Shopov
Real Estate Radosveta Kojuharova
TMT Mitko Karushkov
Employment and Immigration Dr. Andrey Alexandrov
Regulatory and Compliance Nikolay Vasilchev
Litigation and Arbitration Emil Emanuilov
Insolvency and Creditors' Rights Yavor Kambourov
Insolvency and Creditors' Rights Hristina Kirilova
Tax Todor Todorov
Public Procurements and Concessions Stefan Tzakov
Public Procurements and Concessions Atanas Shopov
Capital Markets Nikolay Vasilchev
Restructuring and Enforcement of Securities Ivo Alexandrov
English (fluent)
French
Italian
German
Russian
Spanish