Schoenherr handles mandates across the entire banking and financing legal sector, including on the financing of projects and acquisitions, debt restructuring, derivatives, secured lending, as well as providing expert regulatory advice, such as on the drafting of new legislation. Regulatory expert Tsvetan Krumov leads the practice and clients note that his ‘comprehensive knowledge of banking and financial regulations make him an invaluable partner’. Further names to note are Milena Gabrovska, who often advises banks, insurers and companies, and Kristina Lyubenova, who handles work for investors and financial institutions.
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Testimonials
Collated independently by Legal 500 research team.
‘The Schoenherr team consists of very experienced lawyers with remarkable knowledge of the market. Their extensive expertise in both local and international markets has been invaluable to us. They have strong capabilities in complex matters and provide practical and effective legal solutions. The lawyers are always available, willing to go above and beyond, and deliver exceptional service.’
‘Tsvetan Krumov is a highly respected lawyer in Bulgaria, known for his competence and deep understanding of markets and financial instruments. His comprehensive knowledge of banking and financial regulations, alongside other areas of law, makes him an invaluable partner. He is highly responsive, delivers excellent work, and consistently finds solutions. Milena Gabrovska was highly supportive, demonstrating extensive and diverse knowledge, along with a quick understanding of matters that are crucial to her clients.’
‘Complex legal matters become much more manageable with the support of this great team.’
‘Our collaboration with Milena Gabrovska began in 2016, and over the years, she has continually demonstrated excellent expertise and a keen attention to detail. Her ability to handle complex matters with precision and care, her professionalism and dedication have earned our complete trust.’
Key clients
- HSBC Innovation Bank Limited
- Enery Development GmbH
- Nomura International PLC
- COMMERZBANK Aktiengesellschaft
- ING Bank N.V. /ING-DiBa A.G.
- PETRACO OIL COMPANY SA
- Raiffeisen Bank International AG (RBI)
- Aricoma Group (Musala Soft EAD)
- European Bank for Reconstruction and Development
- United Group B.V.
Work highlights
Advised United Group B.V. (UG) as issuer on the Bulgarian aspects of multiple issues of Senior Secured Notes (SSNs) under New York law; the fifth issue of fixed and floating rate senior secured notes is for a total value of EUR 1.430bn.
Advised Enery Development GmbH (Enery) (by its subsidiary Tsenovo Solar Plant EOOD) on attracting project financing from UniCredit Bulbank for the construction and operation of Enery's first greenfield solar photovoltaic (PV) project in Bulgaria. The total value of the deal is EUR 69m.
Advised Aricoma Group (as a borrower) and Musala Soft AD (as a guarantor) on amendment and restatement of senior multi-currency term and revolving facilities agreement and establishment of new Bulgarian law security package with Česká Spořitelna – leading a syndicate of banks including Československá obchodní banka and Komerční banka.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Tsvetan Krumov
Other key lawyers
Milena Gabrovska; Kristina Lyubenova