Firms in the spotlight: Georgiev, Todorov & Co

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Established 30 years ago, Georgiev, Todorov & Co. is well-known for its strong market understanding, ssuccessful legal representation to key local and international companies, as well as its extensive experience in arbitration procedures. It is one of the leading Bulgarian law firms in the Dispute Resolution field for over three decades. The law firm has been involved on a number of complex international projects in the fields of energy law, real estate, telecommunications, and banking, as well as in most of the largest privatization transactions in Bulgaria, including Bulgarian Telecommunication Company, NU Boyana Film Studios and the Bulgarian Navy.

One of the most significant matters not only for the law firm, but also for the Bulgarian energy market in the recent years was the mutually satisfactory agreement reached in January 2021 on the settlement of all existing disputes and the sale of the shares of Gazprom Group in Overgas Inc. (a large gas company in Bulgaria). Georgiev, Todorov & Co. acted as a local legal advisor to Baker & McKenzie and successfully consulted the major natural gas provider for Europe – Gazprom Export LLC. Our law firm provided legal advice on the local energy regulations and commercial legislation, including the potential enforcement of an arbitration award of the International Chamber of Commerce (ICC) in Bulgaria.

Georgiev, Todorov & Co. is the legal representative of Kornikom in the only foreign investment dispute of a Bulgarian company against a state for 2019.  The matter requires specific knowledge of the Bilateral Investment Treaty (BIT) between Serbia and Bulgaria as the claim was for an unlawful termination of a privatization agreement. Our lawyers acted as a local council to the international law firm White & Case and the Serbian NSTLAW in the arbitration procedure of Kornikom before the International Centre for Settlement of Investment Disputes (ICSID).

Another recent win is related to the representation of BMF Port Burgas (the concessionaire of two terminals of the second biggest port in the country) in a dispute with the national grid operator. The European Court of Justice upheld the argument put forward by our law firm on the scope of an EU Directive and the discretion allowed in national legislation.

Our department is preferred as a trusted legal advisor by key companies such as G.P. Group, Agricultural State Fund, Bulgarian National Bank; Aurubis Bulgaria (the leading cooper producer in Bulgaria); several municipalities; Acibadem City Clinic Group (the largest group of medical institutions in Bulgaria), National Association of Property Developers, Albena AD (the largest hotel resort in Bulgaria on the Black Sea), Dundee Precious Metals (operates one of the biggest gold mines), Business Park Sofia (the largest office park in Central and Eastern Europe) and AG Capital.

Georgiev, Todorov & Co. is a popular choice for clients for both court representation and consultations due to the lawyers’ personal approach which enables them to add value through their in-depth market knowledge, tailored advice offered, multidisciplinary expertise and seamless capacity to handle various legal issues efficiently.

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