The ‘great team of professionals’ at CMS have extensive experience reviewing and drafting tender documentation, handling public procurement procedures and bid processes, advising on the construction and purchase of facilities and handling environmental compliance advice. Renewable energy projects, particularly solar power plants, upstream oil and gas, nuclear as well as transport are among the teams’ specialisms. The practice is jointly led by Kostadin Sirleshtov, who is well versed in energy, oil and gas and infrastructure projects, and Dimitar Zwiatkow, who expertise lies in project financing, regulatory compliance, corporate and energy matters.
Projects and PPP in Bulgaria
CMS
Praxisleiter:
Kostadin Sirleshtov; Dimitar Zwiatkow
Weitere Kernanwälte:
Borislava Piperkova; Diyan Georgiev; Denitsa Dudevska
Referenzen
‘A great team of professionals, with extensive expertise in the oil and gas industry, provides very prompt and client-oriented advice. CMS Bulgaria has also expertise with submitting force majeure applications with the Bulgarian Chamber of Commerce and Industry.’
‘Kostadin Sirleshtov – exquisite professional, extensive expertise in the oil and gas sector, very client-oriented, provides valuable insight of the practice of the relevant authorities; Denitsa Dudevska – high quality professional, very knowledgeable in the oil and gas legislation, provides high standard legal advice and very promptly.’
Kernmandanten
YGY Industries
Chint / Astronergy
Škoda Transportation and Škoda Vagonka
OMV Petrom
GREEN SOURCE
Masdar Taaleri Generation
Toshiba Corporation
Green Solar Energy
EuroAtlantic
Solar Park Trakiya
Highlight-Mandate
- Advising Vier Gas Transport GmbH on in the preparation, application and bid processes of a public procurement procedure held by the Bulgaria-Greece gas interconnector company –ICGB AD.
- Advised Czech Consortium Škoda Transportation and Škoda Vagonka in their successful participation in a public procurement procedure held by Metropolitan Sofia.
- Advising Green Source on the development of a 500 MW solar project in Bulgaria.
Djingov, Gouginski, Kyutchukov & Velichkov
Djingov, Gouginski, Kyutchukov & Velichkov’s interdisciplinary projects, PPP and PFI team is well equipped to advise on all aspects of the public procurement process, concessions, tender documentation and European funds procedures. The firm’s impressive client roster comprises of central and local government and financing institutions, who turn to the firm for support with primarily transport energy infrastructure projects. The practice is overseen by various partners across the firm, including energy expert Milan Pandev, transport and infrastructure specialist Milan Pandev and real estate and construction partner Kaloyan Krumov.
Praxisleiter:
Milan Pandev; Anton Krustev; Kaloyan Krumov; Georgi Gouginski; Stephan Kyutchukov; Nikolai Gouginski; Georgi Tzvetkov
Weitere Kernanwälte:
Dimitar Tabakov
Kernmandanten
SOF Connect
UniCredit Bulbank and EBRD
Chariot Motors AD (Higer Bus Company Limited)
ContourGlobal Maritza East III
ROMPRIM SA
American University in Bulgaria
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) and RAYSAT BULGARIA EOOD
ABB Asea Brown Boveri Ltd.
NEPI Investment Management SRL.
General Electric Healthcare
Ingeniería y Economía del Transporte S.M.E. M. P., S.A. (INECO S.A.), Spain
Axpo Bulgaria AD
Highlight-Mandate
- Advised SOF Connect AD with respect to several drafts of contracts for turnkey works for the expansion of the open parking area of Sofia Airport and refurbishment of the existing covered parking.
- Advised Chariot Motors AD in connection with 11 public procurement procedures of Bulgarian municipalities, namely Aytos, Petrich, Kustendil, Pazardzhik, Pernik, Vratsa, Kazanluk, Montana, Gabrovo, Karlovo and Sandanski (municipalities) for the purchase of electric buses and corresponding slow and fast charging stations.
- Advised UniCredit Bulbank and EBRD in relation to the project financing of 112.5 MW solar PV power plant in Bulgaria.
Kambourov & Partners
Singled out for their ‘unmatched ability to navigate the complexities of large-scale project development’, Kambourov & Partners excel across all stages of complex infrastructure projects, from the initial public procurement to the eventual development, construction and operation. Among the firms’ recent caseload are domestic transport infrastructure projects, namely rail and road projects, and various renewable energy developments. Stefan Tzakov leads the practice alongside Atanas Shopov, with the former bringing extensive experience in tender documentation, concessions proposals and negotiations to the team, and the latter expertise in project development and construction aspects.
Praxisleiter:
Stefan Tzakov; Atanas Shopov
Weitere Kernanwälte:
Irena Petkova; Dimitar Alexandrov; Ivan Raykov
Referenzen
‘The practice is unique due to its ability to navigate complex legal landscapes, particularly in challenging procurement processes. Their ability to collaborate with public authorities, subcontractors and other stakeholders is unmatched, resulting in seamless project execution.’
‘The team at Kambourov & Partners is comprised of highly skilled professionals who not only excel in legal expertise but also bring a level of dedication, innovation and strategic insight that truly sets them apart. In particular, Stefan Tzakov, Atanas Shopov, Dimitar Alexandrov and Ivan Raykov have been key to our long-term success. They each bring their own unique strengths to the table, combining deep legal knowledge with a personal commitment to the success of our projects.’
‘The team`s attention to detail, responsiveness and proactive approach ensured that our interests were always well-protected.’
Kernmandanten
Alstom
Gray Stone
Monolit
Nepi Rockcastle
National Railway Infrastructure Agency
SRT
United Group
Shanghai Electric Power
Entek Elektrik Üretimi A.Ş.
Botanic Garden
Cineworld creditors
Escatec
Highlight-Mandate
- Advises French Alstom on a series of projects in the Bulgarian railway transport sector.
- Advises Gray Stone OOD regarding various projects for renewable energy sources (RES), energy efficiency, electric urban mobility.
- Advises SRT as bidder in several public procurement procedures related to the acceptance, management and transport of waste.
Andrey Delchev and Partners - Eurolex Bulgaria
Andrey Delchev and Partners - Eurolex Bulgaria is highly regarded for its work with public sector clients, including state municipalities, governmental departments and financial institutions both domestically and across Europe on notable infrastructure projects. The team handles all aspects of the public procurement and concessions process on major transport, water waste and renewable energy projects. Managing partner and Andrey Delchev leads the practice alongside Magdalena Valova, who is well versed in concessions law as has advised many major infrastructure projects across Sofia.
Praxisleiter:
Andrey Delchev; Magdalena Valova
Weitere Kernanwälte:
Bilyana Manova
Referenzen
‘The law firm is a long-standing name in the energy sector. Our communication has always been great and we have trust in them and the solutions they provide.’
‘Magdalena Valova is reliable, with great knowledge of our sector. She is available, and answers our queries in a speedy manner.’
‘An outstanding team, industry leaders in infrastructure in Bulgaria and the CEE. Very commercial approach which balances the needs of the client.’
Kernmandanten
National Trust EcoFund
Public Enterprise Vodovod & Kanalizacija Skopje
Yambol municipality
Arrowbio
Ormat
ESRI Bulgaria
Ministry of Justice
Sofia Municipality
Organization of the Jews in Bulgaria ‘Shalom’
Association of Dental Technicians in Bulgaria
Highlight-Mandate
- Advised the National Trust EcoFund in carrying out preliminary and follow-up control of documentations prepared for participation in procedures for public procurement and/or public calls for tenders under the Bulgarian Public Procurement Act.
- Advised ESRI Bulgaria on the legal framework, regulating the rights and obligations of private contractors that are parties to public procurement agreements with public authorities.
- Represented the Ministry of Justice in a public procurement in the sphere of human rights.
Boyanov & Co.
Boyanov & Co.’s broad experience in the projects, public procurement and concessions space spans the energy, mining, real estate, TMT and transport sectors, with the team recently having worked on a number of innovative renewable energy, nuclear and power generation development projects across Bulgaria. The firm is well placed to handle public procurement and concessions deals, project financing, transactions and construction advice. The leadership team is made up of energy and natural resources lead Alexander Chatalbashev, real estate and construction expert Nickolay Nickolov, M&A specialist Yordan Naydenov and banking and finance practice head Damian Simeonov.
Praxisleiter:
Alexander Chatalbashev; Nickolay Nickolov; Yordan Naydenov; Damian Simeonov
Referenzen
‘Boyanov & Co possess a comprehensive and deep understanding of the business, regulatory and political environment and participants and offer support that goes far beyond legal and administrative support.’
‘Boyanov & Co have a depth of staff with the diversity and specialised knowledge to support us – from understanding complex public and private programs and interactions, to the specific understanding and application of administrative and formal compliance requirements.’
Kernmandanten
Heidelberg Materials Devnya AD
Rezolv Energy (part of Actis group)
World Bank
DSK Bank AD
European Investment Bank
Bell Textron Inc.
FHL Kiriakidis
Renewable Energy Systems Ltd
Groupe PHOTOSOL
Fraport AG
Fraport Twin Star Airport Management AD
Dundee Precious Metals, Inc.
Highlight-Mandate
- Advised Heidelberg Materials Devnya AD on an innovative and pioneering CCUS (carbon capture, utilisation and storage) project to realise the first CCUS-cluster in Eastern Europe.
- Advised Rezolv Energy on the acquisition of a Bulgaria company developing a PV project with a capacity of 229 MW.
- Advised the European Investment bank on a loan to finance the construction of a new municipal children hospital in the city of Bourgas.
Dimitrov, Petrov & Co
Dimitrov, Petrov & Co combine ‘technical mastery, business acumen and innovative problem solving’ to assist clients with tender documentation, negotiations with stakeholders, project structuring and contract awarding, while also having a notable specialism in public procurement litigation before domestic and EU courts. The team is mandated across renewable energy projects, particularly solar energy, mining, real estate and infrastructure. Boyana Milcheva, who has extensive experience with all phases of real estate construction projects, and Donka Stoyanova, who excels in litigation, competition and administrative cases, lead the practice together.
Praxisleiter:
Boyana Milcheva; Donka Stoyanova
Weitere Kernanwälte:
Pencho Stanchev; Nikolay Kolev; Alexander Georgiev
Referenzen
‘If you’re looking for someone who can turn challenging projects into success stories, look no further than team DPC. In the intricate and high-stakes world of projects and PPP, few legal minds possess the combination of technical mastery, business acumen and innovative problem-solving that defines them.’
‘With an uncanny ability to navigate complex legal frameworks and a deep understanding of both public and private sector dynamics, Boyana Milcheva has consistently delivered transformative results for us. Pencho Stanchev is the other ace of this team.’
‘Very knowledgable.’
Kernmandanten
Electrawinds Bulgaria
Helios Construction Project Ltd.
TPXimpact Holdings
Webit Management
Evrotrust Technologies
Yasol AD
Spark Legal Network
Shabla Municipality
Claudio Nardi Architects
Mareshki Group
Pasabahce Bulgaria
Highlight-Mandate
- Advised Helios Construction Project Ltd. on the sale of the shares of Bio Pi Di Solar Energy, which holds and developed a 130 MWp photovoltaic project near Bourgas, Bulgaria.
- Advised Electrawinds Bulgaria on the sale of shares in Montanesium Solar, a company actively engaged in developing a 70 MWp solar park.
- Advised TPXimpact on the sale of its subsidiary in Bulgaria to Nortal AS.
Kinstellar
Kinstellar is regularly mandated on large mining, energy and renewable energy, telecoms and real estate infrastructure projects, with the firms advisory offering comprising transactional support, project financing, planning and zoning matters and concessions advice. Newly appointed practice head Boryana Boteva joined the team in January 2024 from Sabev & Partners Law Firm and brings extensive experience in concessions, public procurement and project finance to the team.
Praxisleiter:
Boryana Boteva
Weitere Kernanwälte:
Antonia Mavrova; Mladen Minev; Simeon Vachev
Referenzen
‘This practice distinguishes itself through a unique combination of specialised expertise, innovative strategies and a strong client-focused approach. The team integrates a deep understanding of the industries they serve with a forward-thinking outlook, allowing them to deliver solutions that are both practical and strategically insightful.’
‘Antonia Mavrova – she really cares about the clients and the people on her team.’
‘Kinstellar are excellent across the board. What distinguishes Kinstellar is the extremely dedicated lawyers that pay attention to details, while at the same time grasping the big picture and commercial aspects.’
Kernmandanten
United Energy Group
TAWAL
Lion’s Head Investments
Terraverde CE AD
Direct Petroleum Bulgaria
SOF Connect AD
Energo-Pro A.S.
Sun’R International
Park Lane Developments
CTP
European Bank for Reconstruction and Development
Mitiska REIM
Highlight-Mandate
- Advising United Energy Group on the acquisition of Green Profit EOOD, a developer of two photovoltaic power plant projects with approximate total capacity of 250 MW, for EUR 37.5m.
- Advising TAWAL on the acquisition of the telecommunication infrastructure of United Group B.V. in Bulgaria, Croatia and Slovenia, consisting of more than 4,800 towers, for EUR 1.2bn.
- Advising a developer of industrial and logistics properties on the acquisition of land plots of a significant size which will be for the development of a logistics park.
Schoenherr
Schoenherr’s expertise across the entire lifecycle of infrastructure projects comes to the fore in transport, renewable energy and oil and gas construction projects. The team assists clients on the tender, project finance and construction process, as well as providing advice on various permits and environmental assessments. Jointly leading the practice are energy experts Stefana Tsekova and Alexandra Doytchinova, who handle regulatory matters and M&A respectively.
Praxisleiter:
Stefana Tsekova; Alexandra Doytchinova
Weitere Kernanwälte:
Dimitar Kairakov
Kernmandanten
EBRD, Beneficiary: Ministry of energy
EBRD, Ministry of Finance, DG REFORM
Space Exploration Technologies Corporation (SpaceX)
RGREEN Invest SAS
IBH S.r.l.
Enery Development GmbH
Liechtenstein Group
European Commission
MET Group
OMV Bulgaria
Edison Italy
OMV Petrom
Highlight-Mandate
- Assists EBRD and the Ministry of Energy on the implementation of Investment 6 and Investment 8 under the Recovery and Resilience Plan with total value of over EUR 1bn, as well as on the improvement of the legal framework to facilitate the RES and storage growth in the country.
- Advised SpaceX on the role out of its Starlink satellite internet constellation services to CEE and SEE.
- Advised Edison on the Bulgarian corporate and regulatory law aspects of the implementation of the gas interconnector between Bulgaria and Greece.
Wolf Theiss
Wolf Theiss maintains a strong position in the Bulgarian infrastructure projects space and in particular has extensive experience on energy projects across the CEE region, including oil and gas, nuclear and renewables. The firm advises a stellar client roster of international and domestic state- and privately-owned companies on complex energy facility developments, including their initial market entry, their construction and development and regulatory compliance at local and EU levels. Practice head Anna Rizova has extensive experience in the energy sector and particularly with regulatory frameworks, and leads the practice alongside Radoslav Mikov, who has experience in natural gas infrastructure projects. Katerina Novakova is a key member of the practice.
Praxisleiter:
Anna Rizova; Radoslav Mikov
Weitere Kernanwälte:
Radosveta Kojuharova; Katerina Novakova; Oleg Temnikov
Referenzen
‘Wolf Theiss knows the Bulgarian market very well. In general, the entire team is very supportive and the performance is absolutely professional. The lawyers are capable of accompanying every step of the way.’
Kernmandanten
River Park Sofia
Galaxy-Re
ArrowResources
Sun’R International
MET Group
AOT Energy
D.Trading International
DEPA Commercial
E.ON
Edison
Elpedison
Enerjisa Üretim Santralleri
Highlight-Mandate
Bouzeva & Partners Law Firm
Private investors and public authorities turn to Bouzeva & Partners Law Firm for their ‘solid experience with projects’, particularly large-scale projects. The firm is the permanent advisors to the concessionaires of the Sofia Airport development project and continues to handle various aspects of this ongoing development, while also handling other procurement and construction projects across the gas, mining and energy sectors. The practice is led by Tania Bouzeva, Evelina Angelova and Tenio Tenev, who all have extensive experience advising on PPP projects across Bulgaria.
Praxisleiter:
Tania Bouzeva; Evelina Angelova; Tenio Tenev
Weitere Kernanwälte:
Evgenia Koleva; Kiril Kirilov; Nikolay Daskalov
Referenzen
‘The team is very competent, they have solid experience with projects and can truly understand the project-related considerations and the specific challenges that come with project-related initiatives, in particular for large-scale projects.’
‘All team members with which we have worked and very competent, efficient and helpful as regards purely legal tasks, but also beyond. This is valid in particular for Nikolay Daskalov.’
Kernmandanten
Meridiam
SOF Connect
ICGB (Natural Gas Interconnector Greece – Bulgaria)
Sofia Municipality
Max Streicher
Siemens
Highlight-Mandate
- Providing full-scale legal support to Sofia Airport’s concessionaire SOF Connect on all matters related to the EUR 3.9bn concession, including execution of the Concession Agreement, the rebalancing of the concession due to COVID-19, the financial close, transfer of all assets during the Transition Period, and the ongoing outsourcing of airport services.
- Advised the project company ICGB on all procurement aspects regarding the design, procurement and construction of the Gas Interconnector Bulgaria – Greece.
- Advising Sofia Airport’s concessionaire SOF Connect on the implementation of its strategy for overall modernisation of the Airport, including on the development of the new Terminal 3 and the commissioning of the largest airport walk-through duty-free area in Bulgaria.
Georgiev, Todorov & Co
Georgiev, Todorov & Co ‘consistently delivers exceptional results’ on large infrastructure projects, handling all aspects of public procurement, concessions, due diligence, planning and construction. The firm has experience advising public bodies, investors and construction companies across energy and water, rail, real estate and mining projects. Miglena Peneva leads the team and is well versed in real estate, construction and EU related projects.
Praxisleiter:
Miglena Peneva
Weitere Kernanwälte:
Tsvetelina Dimitrova
Referenzen
‘This team consistently delivers exceptional results with a unique combination of expertise, innovation and collaboration.’
‘All of the individuals have been top-notch, consistently demonstrating strong expertise, responsiveness and a commitment to delivering quality results that sets them apart from competitors.’
‘Georgiev, Todorov & Co. has in-depth knowledge and experience and an ability to advise on major infrastructure projects with accuracy and precision. The team has a great client approach, with the ability to understand clients’ needs and to provide the best possible strategy and solution.’
Kernmandanten
EIS Construction Company AD
Park VATIA HOLDING JSC
G.P. GROUP JSC
Belozem Solar Park 3
C Solar Energy, Park Ramanusha
INGSTROYENGINEERING EOOD
Galabovo Solar BG, Kaloyanovo Solar BG and Karlovo Solar BG
Belozem Solar Park 2
Trakia MT Solar
Prohorovo Moning
Highlight-Mandate
- Advising EIS Construction Company AD with regards the construction of infrastructure on the territory of the public port Varna.
- Represented G. P. Group regarding preliminary proceedings and conclusion of a contract for public procurement for Bezmer airport.
- Provides ongoing legal services to INGSTROYENGINEERING EOOD on the implementation of two projects part of the ‘Integrated project for improvement of the water sector in Dobrich’ which has functional significance for the development of the water supply and sewerage infrastructure in the town of Dobrich.
Kolev, Angelov & Miteva Law Firm
Kolev, Angelov & Miteva Law Firm has extensive experience carrying out tender commissions from public procurement procedures, including on developments in the healthcare, education, renewable energy and real estate. Practice head Angel Angelov has extensive experience in PPP projects and has advised both assignors and winners of public procurements.
Praxisleiter:
Angel Angelov
Weitere Kernanwälte:
Nikolay Kolev
Kernmandanten
Glavbolgarstroy Group of companies
Titan Machinery Bulgaria
CETIN Bulgaria EAD, part of PPF Group
Evklips Energy
RA Engineering EOOD
RA Solar Park OOD
N&T Energy AD and N&T Battery Storage AD
D&T Energy EAD
Sofia Advisory Services EOOD
Highlight-Mandate
- Advised Evklips Energy in relation to conclusion of subcontracting agreement with ib vogt GmbH, as assignor, and during the performance of the construction of a photovoltaic power plant in Finland with a capacity of 206 MW.
- Advised CETIN Bulgaria, part of PPF Group, on the establishment of 5G Balkans Consortium, together with the other consortium members CETIN d.o.o. (Serbia), Yettel Bulgaria, Yettel d.o.o. (Serbia) and Technical University Sofia.
- Advising Glavbolgarstroy International on the execution of a project Gas pipeline connecting UGW Chiren with the existing gas transmission system of Bulgartransgaz EAD in the region of Butan village.
Penkov, Markov & Partners
Penkov, Markov & Partners’s ‘diverse’ projects and PPP practice has a particular focus on real estate acquisition projects spanning commercial, residential, logistics and warehousing development projects. The practice is headed up by three practitioners: real estate and construction experts Milena Gaidarska and Atanas Valov, and Nikolay Voynov, who is well versed in PPP and concessions in relation to transport, energy and infrastructure.
Praxisleiter:
Milena Gaidarska; Atanas Valov; Nikolay Voynov
Weitere Kernanwälte:
Boris Strijlev
Referenzen
‘The team provides comprehensive and professional advice on the issues raised. It is noticeable that the participation of younger colleagues is valued and encouraged. The team demonstrates dedication to the case and a willingness to respond in an emergency mode when the client requires it.’
‘Atanas Valov is extremely oriented towards finding the best solution to the problem with which he is referred. Skilfully applies experience and practice to advise the client in a manner that considers the long-term implications of a decision. Possesses remarkable mediation skills.’
‘Very easy communication with the team, very fast response with quality work, they deliver everything on time, even when we have emergency situations.’
Kernmandanten
Baringa Bulgaria
FGSZ Ltd.
Arteks Zlaten Vek OOD
Arteks Engineering AD
Global Biomet EOOD
Eura Energy AD
Pegas MK OOD
Infinity Capital AD
GD Capital Management
Eurostar OOD
P&O Real Estate OOD
Mondi Stambolijski EAD
Highlight-Mandate
- Assisted Crayon Bulgaria in the participation in a EUR 4.7m public procurement procedure for the provision of IT support to the Bulgarian Electricity Transmission System Operator.
- Assisting Eurowind Energy A/S, Denmark on the on the development of a EUR 150m renewable energy complex, combining solar and wind production and battery storage.
- Assisting Build Invest Bulgaria AD in the development of a EUR 130m new residential quarter in the vicinity of Sofia – New Land District, which is being developed on 200 acres of land in 3 separate phases with a total built-up area of circa 90,000 sq m.