
Djingov, Gouginski, Kyutchukov & Velichkov maintains a strong reputation in the market, with a proven track record in local and cross-border banking and finance transactions. The firm is a reference in the market for corporate finance, debt restructuring, securitisations and capital markets. Practice head Nikolai Gouginski has a wealth of experience in project finance and cross-border lending, and leads the team alongside Georgi Tzvetkov, who has notable proficiency in capital markets transactions. Another key member of the team is Gergana Monovska, who handles regulatory matters and private equity investments. Kaloyan Krumov brings in-depth knowledge of commercial real estate, infrastructure and green projects to the group.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'One of the key advantages of working with DGKV is the consistently exceptional quality of service provided by the entire team. This holds true across all areas — whether tax consulting, M&A, litigation, or other matters.'
- ‘The most important advantage lies in the combination of deep legal expertise with strong business practicality at every level. DGKV’s lawyers not only provide practical solutions to legal issues but also clearly outline the risks associated with the different alternatives available.’
- ‘Full range of services with top reliability and availability.’
Key clients
- HPS Investment Partners, LLC
- BNP Paribas, Citigroup Global Markets Europe AG, ING Bank N.V., UniCredit Bank GmbH, J.P. Morgan SE, HSBC Bank plc, , Société Générale
- EBRD, Blacksea Trade and Development Bank, OTP Bank Plc, NLB, UniCredit Spa, and Kommunalkredit Austria AG
- UniCredit Bulbank
- OTP Bank Plc. And DSK Bank AD
- Santander Bank Polska S.A (Santander) and Bank Gospodarstwa Krajowego (BGK)
- Bianor Holding AD Wiser Technology AD (previously Bianor Holding AD)
- DSK Bank AD and OTP Bank Plc
- EUROPEAN INVESTMENT BANK
- American University in Bulgaria
- BGC AD
- Sunotec GmbH
Work highlights
Advised the sole bookrunner Citibank Europe plc, the trustee and the security agent on Eurobank Bulgaria AD’s €500m covered bond issue – the first-ever under Bulgaria’s new Covered Bonds Act – admitted to trading on the Luxembourg Stock Exchange and rated Aa2 by Moody’s.
Advised OTP Bank Plc. and DSK Bank AD on the extension of an additional €70m financing to AES Geo Energy OOD, operator of the 156 MW “Sveti Nikola” wind farm in Kavarna, northeastern Bulgaria.
Advised the lenders — including EBRD, Black Sea Trade and Development Bank, OTP, NLB, UniCredit, and Kommunalkredit — and UniCredit Bulbank AD as Bulgarian security agent on a €315m financing for Renalfa IPP.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Nikolai Gouginski; Georgi Tzvetkov
Other key lawyers
Gergana Monovska; Kaloyan Krumov


