Global Guide 2026 : Bulgaria
Ranked Individuals
Provided by Penkov, Markov & Partners
Corporate & Commercial
PM&P provides comprehensive services to small and medium-sized enterprises as well as major international companies in all business areas.
Our Corporate & Commercial Department advises on a wide range of corporate & commercial matters, including high-profile M&A, private equity, disposals and corporate restructurings, complex joint ventures, securities transactions, all types of commercial contracts, as well as on general commercial matters and corporate governance issues.
PM&P appears to be one of the most active players on the M&A market in Bulgaria participating in dozens of significant deals. Most of these deals and transactions were well noted and represented by the independent international online editions such as CEE Legal Matters which closely follow the markets in Central and Eastern Europe.
The Corporate & Commercial Department of PM&P has also extensive experience on cooperating with major international law firms (e.g. Dentons, Allen & Overy, Weil Gotshal & Manges, Freshfields, Hogan Lovells, Norton Rose, Clifford Chance, Linklaters, Noerr, Morrison & Foerster, Skils) to act as local counsel in high-profile international transactions and local projects.
Provided by Chambers
Penkov, Markov & Partners provides international and local clients with comprehensive support in relation to various corporate and commercial matters. The law firm's work includes acquisitions, tender procedures, convertible loans and restructurings. The team also assists clients with regulatory matters.
Provided by Chambers
Penkov, Markov & Partners advised Wealthlock on corporate structure consolidation and cross-border service agreements, amongst other commercial matters.
Provided by Chambers
The law firm has open and transparent relationships with clients.
Penkov, Markov & Partners quickly understands the client's specific need and easily manages to solve the case.
The team is capable of finding solutions in various situations and business fields.
Penkov, Markov & Partners has a very balanced team that is very responsive, agile and that covers everything efficiently and quickly.
Penkov, Markov & Partners always shows a very natural and direct approach to client's legal needs.
Provided by Chambers
Ivan Markov is a well-established practitioner with extensive experience advising international clients on the acquisitions, tender procedures and repurchasing transactions. He also regularly advises clients on due diligence matters.
He is extremely approachable and pragmatic in his advice.
Ivan is a catalyst for deals to go through. His experience is just so vast that he would always find a solution.
Senior practitioner Vladimir Penkov has a longstanding presence in the Bulgarian market. He assists clients with various aspects of M&A and commercial law, including acquisitions and restructurings.
Vladimir is an exceptional administrator and manager.
I am impressed by Vladimir Penkov's ability to handle all matter details.
His advice is strategic and highly effective.
Milena Gaidarska has experience assisting clients with valuable cross-border acquisitions as well as with corporate restructurings.
Milena's deep expertise, creativity and ability to navigate even the most complicated situations with confidence and precision, set her apart.
She is a very responsive and cooperative lawyer.
Milena has proven to be a great team leader. Working with her is easy and smooth.
Nikolay Cvetanov is an experienced lawyer with particular expertise in M&A matters. He regularly advises individual and group investors on takeovers, shareholding purchases as well as assisting with regulatory issues.
Nikolay Cvetanov is very technical, very precise and straight-forward.
He has very good communication skills, is reliable, available and timely.
We are extremely impressed by Nikolay's vision and commercial awareness.
His practical approach and responsiveness make him a valuable partner in complex transactions.
Nikolay is an exceptional specialist and listener who understands the client's needs.
Roman Stoyanov has experience advising clients on a wide range of matters. His expertise spans sale of shares, consolidation of portfolios, introduction of new products, corporate restructuring as well as acquisitions.
Even in the case where we present more complex problems, he finds the right approach to engage to the right people and delivers superior service.
He always tries to understand what we need and tries to offer more than simple solutions.
Corporate/Commercial
Head of Corporate/Commercial
Corporate/Commercial
Corporate/Commercial
Corporate/Commercial
Provided by Penkov, Markov & Partners
Roman Stoyanov
Atanas Valov
Nikolay Cvetanov
Head of Department
Boris Lazarov
Asen Apostolov
Nikolay Cvetanov
View profile of Nikolay CvetanovIvan Markov
View profile of Ivan MarkovMilena Gaidarska
View profile of Milena GaidarskaRoman Stoyanov
View profile of Roman StoyanovEurope 2026
Practice area: Corporate/Commercial
Location: Bulgaria
View department profile for Europe 2026
Chambers is the leading data and intelligence partner for the legal sector.
