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Penkov, Markov & Partners

Penkov, Markov & Partners

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Bulgaria

3

TMT

Regularly sought out by telecoms operators, media organisations and IT companies, the TMT practice at Penkov, Markov & Partners is well equipped to handle regulatory compliance matters, licensing, contract drafting and e-commerce matters. At the helm of the practice, Nikolay Cvetanov is an authority in digital law matters such as cybersecurity, personal data protection and fintech.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • The firm stands out because they combine legal expertise with a strong grasp of the technology and media landscape we operate in. Their guidance is practical, commercially minded, and always aligned with our strategic goals. The lawyers are highly responsive, communicate in a clear and direct way, and are able to simplify even the most technical regulatory issues. They anticipate risks early and often identify challenges before they materialise.
  • Nikolay Cvetanov has a sharp ability to focus on what truly matters. He explains complex technology and regulatory issues in simple, practical terms while keeping business strategy at the centre. His advice goes beyond legal analysis — he provides strategic direction that helps us make the right decisions. He is an excellent leader, particularly strong in FinTech, digital regulation, and TMT.
  • What makes Penkov, Markov & Partners truly unique is their ability to operate not just as legal advisors, but as strategic partners who understand the full commercial and operational realities behind every legal decision. From the very first interaction, it becomes clear that this is a firm built on the principles of foresight, precision, and partnership. They do not simply respond to legal inquiries—they anticipate the next three steps, aligning legal strategy with business objectives in a way that very few firms manage to achieve.

Key clients

  • Tiger Technology
  • Naturpodukt
  • Wealthlock
  • Mebelmag
  • Izzi Platform, Klett Publishing house
  • Ferratum
  • Mondi Stambolijski
  • AdminSoft Plus (part of Klett Group)
  • Association for Responsible Non-Banking Crediting
  • Nokia Solutions and Networks
  • Audi
  • FedEx

Work highlights

Advised Audi on comprehensive project and ensuring compliance with local regulatory laws and practices in terms of new concept in Audi branded cars.
Advised Tiger Technology AD on structuring of its business in Europe, EEA and US with respect to diversification of the different business units and sub-services, surveillance and healthcare.
Advised Naturprodukt on the legal compliance of its online sales with various legal regulations and compliance practices of the regulatory authorities.
Practice head

Nikolay Cvetanov

Other key lawyers

Ana Krusteva

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