Kinstellar’s banking and finance practice deals with a variety of mandates including acquisitions in the finance sector, restructuring, insolvency and compliance. It also has extensive experience in project and structured finance across the infrastructure, energy, real estate and telecommunications industries. The group represents a range of clients including international commercial and development banks. Svilen Issaev spearheads the team, and is an authority on complex financing transactions as both lenders’ and borrowers’ counsel. Diana Dimova advises international companies in the financial services sector on market entry, and Denitsa Kuzeva exhibits skill in finance regulatory matters.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • This practice stands out through its ability to combine proven transactional solutions with tailored structures designed specifically for the needs of each deal. The team leverages extensive experience, yet remains flexible in developing bespoke approaches where the project requires it. We value their disciplined, structured analysis and the fact that they consistently identify all relevant considerations — including regulatory and tax aspects — even when these fall outside the immediate scope. This ensures that no material issue is overlooked and that our decision-making is fully informed. Their workflows are organized, predictable, and aligned, which allows for efficient execution across all stages of the transaction. Overall, the team provides clarity, depth, and well-reasoned guidance that gives us confidence in both the structuring and implementation of complex deals.
  • Atanas Mihaylov, Antonia Mavrova, Svilen Issaev, and Nina Tsifudina stand out through their balanced judgment, disciplined approach, and the way they complement one another’s strengths. The quality and consistency of their advice clearly reflect thorough debate, cross-checking of viewpoints, and collective analysis before any recommendation reaches us. This gives us confidence that every proposal has been tested from several angles. They demonstrate that different clients and positions can be represented with equal professionalism, which is both reassuring and a strong indicator of integrity. Each individual contributes a distinct perspective: some adopt a more practical, direct, and execution-focused style, while others bring a more analytical, interpretative, and wide-angled approach. This combination creates a well-rounded advisory process where both the immediate practicalities and the broader strategic implications are taken into account. Overall, the group functions as a cohesive and thoughtful unit, able to filter complex matters through collective reasoning and deliver balanced, well-supported guidance across all stages of a transaction.
  • 'Their approach is both practical and client-focused. The team is approachable and places great importance on understanding client needs, providing tailored and efficient solutions as a result. Compared to other firms, they are notably flexible and responsive, which clearly benefits clients as well as counsel collaborating with them on joint transactions.'
  • 'I have had the pleasure of working with Denitsa Kuzeva and Svilen Issaev, and can highly recommend them for their exceptional professionalism and client-oriented approach.'
  • 'Strong capabilities to handle large transactions and projects, a high level of project finance understanding, and high speed of responsiveness. They are always ready to provide quick assistance and advice.'
  • 'The team is approachable, experienced, open to discussion and listens to the needs of the client.'

Key clients

  • Advent International Corporation
  • European Bank for Reconstruction and Development (EBRD)
  • Raiffeisen Bank International AG
  • UniCredit Bulbank
  • Benefit Systems S.A.
  • European Investment Bank (EIB)
  • Bank of China
  • United Bulgarian Bank
  • MasterCard

Work highlights

Advised Advent International on the acquisition of TBI Bank from 4finance Holding.
Advised European Bank for Reconstruction and Development and Raiffeisen Bank International AG on financing for the construction and operation of Bulgaria’s first hybrid power plant.
Advised Atland Investments on the acquisition of a distressed asset portfolio with nominal value of more than €45m extended to a Bulgarian real estate group.

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

Svilen Issaev

Other key lawyers

Diana Dimova; Denitsa Kuzeva