Djingov, Gouginski, Kyutchukov & Velichkov


3 ranked lawyersBand 1BulgariaEurope 2021 View ranking table
chambers review
department information
Ranked Lawyers
chambers review
department information
Ranked Lawyers

Chambers Review

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

What the team is known for

Market-leading practice admired for large-scale M&A transactions supported by top-ranked TMT, real estate and energy teams. Also maintains top rankings in competition and employment, offering a full-service approach. Active in the financial services and manufacturing sectors. Maintains an impressive client portfolio made up of blue-chip multinational and domestic corporates. Provides additional expertise in cross-border corporate restructuring matters and regulatory issues.


Market commentators hail the team for being "responsive and pragmatic."

Work highlights

Acted as a local counsel on PPF's acquisition of Central European Media Enterprises, which has assets in five countries, for USD2.1 billion.

Notable practitioners

Omourtag Petkov assists with transactional and commercial matters across a range of industry sectors.

Stephan Kyutchukov is best known for handling M&A in the real estate sector. "I like working with him on the opposite side of the table. He is reasonable," a source says.

Zdravka Ugrinova is a market-leading transactional lawyer assisting with acquisitions across a variety of sectors including retail, technology and manufacturing. "I was very impressed by her," a source says, adding: "She is very fast, responsive and to the point."

Department Information

This content is provided by Djingov, Gouginski, Kyutchukov & Velichkov.


    • Our experience spans for more than 23 years of advising major domestic and international clients of the law firm in some of the largest M&As and privatizations to ever originate on the Bulgarian market and on the most significant global transactions with Bulgarian law aspects;
    • DGKV’s has the largest corporate and M&A team on the Bulgarian legal market with highly qualified and experienced local lawyers. We have 12 partners, 8 senior associates and 8 associates who spent considerable amount of efforts and time on corporate, commercial and M&A matters;
    • DGKV’s team has a superb reputation for advising on local and cross-border M&A transactions in Bulgaria with an impressive track record in the outsourcing, IT, banking, energy, TMT, pharma, and real estate sector;
    • What sets us apart:
      • ability to handle large scale transactions requiring simultaneous multidisciplinary approach;
      • unique for the Bulgarian legal market combination of sector-specific in-depth knowledge and tailor-made legal services;
      • strong local expertise and deep understanding of the Bulgarian legal environment and international business transactions;
      • supreme quality of legal service, thoroughness, and uncompromising attention to detail;
      • uniquely experienced in providing highly sophisticated and creative structuring solutions in complex transactions.


Apostolova, Silviya

Bojilov, Valentin

Gouginski, Georgi

Gouginski, Nikolai T

Gougleva, Ralitsa

Kisseva, Lilia

Lesseva, Tatiana

Mircheva, Maya

Punev, Ivan

Stephanov, Krassimir

Tsenova, Vlada

Tzvetkov, Georgi

Ugrinova, Zdravka

Velichkov, Marius



ABN AMRO Capital

Acibadem Sirketler Grubu




AmRest Sp. z.o.o

ArcelorMittal Limited

Axxess Capital

Bank Austria

British American Tobacco



CallPoint Limited

CallPoint New Europe

Carlsberg Breweries A/S

Central Europe Media Enterprises


China CEFC Energy Company Limited

Chipi Bulgaria


City Hospitals and Clinics Sarl

Cleantech I SE

Coffeeheaven Holdings Limited (part of Costa group)

ContourGlobal L.P.


Deutsche Telecom


Edmond De Rothschild Private Equity Management Ltd.

Enel Green Power


Fairfax Financial Holdings Ltd

Ford Motor Company

GE Commercial Finance

Hewlett-Packard International Sàrl

Hitachi Solutions

Hungarian Telephone and Cable Corp.

HVB Bank Bulgaria



ING Bank N.V.

KBC Bank

KBC Insurance

Konica Minolta Business Solutions

Magyar Telekom Rt

Merck KGaA

Michigan Magnetics Inc.

Mid Europa Partners Limited

Miller Development

Mitsui & Co. Ltd.


Molson Coors Brewing Company

Mundus Services

Novator Partners LLP

Olympia Development

OTE International S.A.

Paddy Power, plc

Palfinger GmbH

PCCW Limited

PepsiCo International

Petrotechnical Data Systems B.V.

Pharmastore pharmacies chain

PharmaSwiss Bulgaria

Pirelli RE&C

Progress Software

ProSiebenSat.1 Media AG

Raiffeisen Energy & Environment

RWE Power AG

Sanoma B.V.

Solar World Aquiris S.A.R.L.

State General Reserve Fund of Oman


Taylor Corporation


TeleTech Holdings, Inc.

Teracom A

The Bulgarian Post Privatization Fund

Third Point LLC

Tymbark Maspex Romania SRL

Verint Systems Inc

VMware, Inc.

Watson Pharmaceuticals, Inc

 Hitachi Solutions


Automobiles & Parts


Commercial & Professional Services

Construction & Materials



Financial Services

Food & Drink Producers


Health Care

Industrial Engineering



Pharmaceuticals & Life Sciences

Real Estate


Software & Computer Services

Technology, Hardware & Electronics



Corporate/Commercial Department

Djingov, Gouginski, Kyutchukov & Velichkov

Department location

10 Tsar Osvoboditel Boulevard


Sofia City



View Firm Profile

Articles, Highlights and Press Releases

Total 8 Articles, Highlights and Press Releases

Press Release

DGKV Closes a Landmark Telecom Deal

Authors: Milka Ivanova, Lilia Kisseva, Silviya Apostolova, Kaloyan Krumov, Valentin Bojilov, Vladislav Antonov, Lora Aleksandrova, Zdravka Ugrinova, Violetta P Kunze, Georgi Tzvetkov

Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.



Omourtag M Petkov
Band 4
Stephan Kyutchukov
Band 3
Zdravka Ugrinova
Band 1