With a longstanding reputation for transactions in the energy sector, Djingov, Gouginski, Kyutchukov & Velichkov represents a range of banks, power generation and distribution companies and international investors. The group is equipped to handle pipeline development, power generation and distribution projects. Milan Pandev has longstanding experience in oil and gas upstream and pipeline development projects. Heco- leads the practice with Georgi Gouginski, who is adept at handling M&A deals and project financing in the energy space. At an associate level, Maya Mircheva is active in administrative litigation.
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Key clients
- EBRD and a syndicate of lenders
- Akuo Energy
- UniCredit Bulbank AD and EBRD
- Vitol SA
- ELEKTRORAZPREDELITELNI MREZHI ZAPAD EAD (formerly CEZ RAZPREDELENIE BULGARIA)
- ContourGlobal
- Axpo Bulgaria EAD
- Centrales Hydroelectriques de Bulgarie
- Shanghai Sensheng Assets Management
- HPP Svoge
Work highlights
Acted as Bulgarian legal counsel to the syndicate of lenders — EBRD, Black Sea Trade and Development Bank, OTP Bank, NLB Bank, UniCredit, and Kommunalkredit, in connection with a €315m HoldCo financing for Renalfa IPP, a regional renewables platform.
Advised the Bulgarian arm of Akuo Energy in a contemplated acquisition of ten hydro power plants in Bulgaria, with total installed power capacity of 22 MWs, owned by five project companies.
Representing ELEKTRORAZPREDELITELNI MREZHI ZAPAD EAD before the Court of Justice of the EU for a preliminary ruling relating to the interpretation of Directive (EU) 2019/944 on common rules for the internal market for electricity, Regulation (EU) 2019/943 on the internal market for electricity and Directive 2011/83 on consumer rights.
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 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
Milan Pandev; Georgi Gouginski
Other key lawyers
Maya Mircheva