Elitsa Ivanova > CMS > Sofia, Bulgaria > Lawyer Profile

14 Tsar Osvoboditel Blvd.
1000 SOFIA

Work Department





Elitsa Ivanova, Partner and Co-Head of the Finance practice of CMS Sofia, is a dual qualified lawyer under English and Bulgarian law. Elitsa is regularly sought after for English law advice as lead counsel for complex syndicated cross-border and multijurisdictional transactions, by some of the leading financial institutions and private equity firms active in Europe, as well as corporates.  She advises on all sorts of syndicated and bilateral financing transactions including corporate finance, acquisition/ leveraged and real estate and project finance. In addition, Elitsa is a distinguished expert in structured commodity and trade finance; she and her team are regularly involved in large commodity-based financings under English law across multiple jurisdictions.

Elitsa regularly acts for development banks such as BSTDB and EBRD. She also has regulatory experience in banking, financial and payment institutions, investment activities and derivatives, and fintech.


English, Bulgarian


Sofia University “St. Kliment Ohridski”

Lawyer Rankings

Bulgaria > Banking, finance and capital markets

(Leading individuals)

Elitsa IvanovaCMS

CMS employed its ‘well established cross-border practice’ to advice on a number of major regional deals in 2019, including assisting OTP Bank with its €600m acquisition of Société Générale’s subsidiaries across the CEE region. Within Bulgaria, it advises chiefly on large-scale real estate financing, acquisition financing and project financing on for local and regional lenders and borrowers, drawing on the experience of Dimitar Zwiatkow, who jointly heads the team. Gentscho Pavlov and Elitsa Ivanova are the other practice co-heads, and have been active in the sale of NPL portfolios and cross-border financings respectively.