Djingov, Gouginski, Kyutchukov & Velichkov is frequently sought out by contractors and investors on transactions and the implementation of FIDIC-based contracts. The team advises clients in the office, retail, hospitality and residential sectors, with in-depth knowledge of real estate finance, leases and litigation. The practice is jointly led by Stephan Kyutchukov, who is best known for work on concession, infrastructure and real estate projects; and Kaloyan Krumov, a key advisor on transactions and FIDIC contracts. At an associate level, Maya Mircheva is strong in the development, building and operation of real estate assets.
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Testimonials
Collated independently by Legal 500 research team.
- Kaloyan Krumov impressed us again with his balanced, solution-oriented approach and ability to guide the deal to completion under pressure. He led the DGKV team with calm and quickly found creative ways to resolve deadlocks in a manner that worked for all parties while still protecting our business interests in the transaction. His combination of commercial sense and reliable communication made him an invaluable adviser throughout the transaction.
- For our cross-border real estate share deals, DGKV swiftly assembled a deal team covering real estate, corporate, and tax matters, demonstrating a good understanding of foreign jurisdiction aspects, which was appreciated for its efficiency and cooperation. The team is highly business-minded and delivers advice with notable speed, precision, and genuine collaboration. It also makes effective use of modern tools that facilitate multi-party coordination and remote documentation management, ensuring smooth execution even in complex transactions.
- 'Kaloyan Krumov is approachable, responsive, and solution-driven, with a strong sense of ownership over every project they handle.'
- 'The real estate and construction team is recognised for its strong market knowledge, commercial acumen, and hands-on approach. The lawyers work closely with developers, investors, and contractors to deliver seamless advice across all stages of a project — from structuring and financing to permitting, construction, and leasing.'
- 'Kaloyan Krumov combines deep technical expertise in real estate and construction law with a pragmatic, solution-driven approach. Clients value his responsiveness, professionalism, and ability to deliver clear and commercially sound guidance in complex development projects.'
Key clients
- Hercesa International
- European Parliament
- American University in Bulgaria
- ContourGlobal Maritza East III AD
- Arco Vara SA
- Man Group UK Limited
- Saron Investments Ltd
- Aurubis Bulgaria AD
- Agrotime EOOD
- BOX NOW OOD
Work highlights
Advised Hercesa International on its €10.4m greenfield investment in Sofia for a major residential development, including due diligence, complex negotiations with a multi-shareholder seller, tax and transaction structuring, and drafting and execution of sale and escrow documentation.
Advised the American University in Bulgaria on the €11m development of new student housing in Blagoevgrad, including tender preparation, drafting and negotiating project management and construction agreements, advice on design-related matters, and support during parallel negotiations with bidders.
Advised ContourGlobal Maritza East III on the preparation of BOP and EPC contracts for a 202 MW battery energy storage system and a hybrid 83 MW solar PV and BESS project, structuring the contracts to optimise design and construction frameworks, align risk allocation, and enhance bankability.
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.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
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
Stephan Kyutchukov; Kaloyan Krumov
Other key lawyers
Maya Mircheva