legal 500
Legal 500 2017

Banking & Finance

Kambourov & Partners has ‘a phenomenal’ team with business acumen that is ‘beyond impressive’. It has been advising ADM Capital on a €52m refinancing of Prista Oil. Other clients include BNY Mellon, UniCredit Bulbank and the Bulgarian National Bank. Yavor Kambourov is the key figure.


Kambourov & Partners is ‘very efficient and proactive in recognising business opportunities’. Veronika Hadjieva, who is ‘truly gifted and commercially oriented’, led advice to hedge fund Worldview following its takeover of Petroceltic Bulgaria. Vladimir Rangeloff is ‘a skilled dealmaker’.

Capital Markets

Kambourov & Partners combines its finance and corporate expertise to handle debt and equity transactions. Nikolay Vasilchev and Vladimir Rangeloff are advising investment banking boutique Mane Capital on a series of capital increases in asset management company Capital Concept to the value of BGN1bn

Dispute Resolution

A truly fantastic firm’, Kambourov & Partners has a ‘hugely committed’ team that works ‘tirelessly’ and ‘inspires so much confidence’. Its clients include BNY Mellon Corporate Trustee Services and retail chain Piccadilly. ‘Brilliant’ and ‘masterful litigator’ Emil Emanuilov has represented the Bulgarian Football Union in a number of arbitrations and litigation cases.

EU & Competition

 Kambourov & Partners provides an ‘exceptional’ level of service and has been representing Lidl in several contentious matters: an appeal against a €1m sanction imposed for alleged misleading advertising, as well as two proceedings concerning alleged abuse of dominant position. Practice head Stefan Tzakov is ‘exceptionally qualified’ in the field and Nikolay Vasilchev is ‘excellent for regulatory matters’.


Kambourov & Partners’ ‘excellent’ team has ‘a deep knowledge of local legal issues’. It is representing the local subsidiaries of a major foreign energy producer in arbitration with the Bulgarian state and has been defending the Electricity System Operator against multiple claims brought by renewable energy generators and electricity suppliers. Citygas Bulgaria is also a client. Stefan Tzakov is the key figure.

Projects & PPP

Kambourov & Partners routinely handles major national construction projects, including several matters for construction company Monolit, such as assisting with its public procurement tender for the design and build of stage one of the Hemus Motorway, as well as advising on the design and construction of two factories and a third Sofia metro line. The firm is also assisting Sterling Retail with the development and construction of a new shopping centre on the Black Sea coast. Atanas Shopov is ‘a top talent’.

Real Estate

Kambourov & Partners stands out for its ‘vast industry knowledge’, ‘great network of business connections’ and ‘knowledge of all sectors, inside and out’. Atanas Shopov is ‘brilliant’ and his ‘energy drives deals forward’, while Radosveta Kojuharova is a ‘terrific expert in her area’. The team is advising Forton/AG Capital on the construction of a business centre in Sofia. It also assists retailers such as Maxima and Kaufland with all of their leasing and other real estate needs.


Kambourov & Partners has ‘the right people and resources for every case or issue that could possibly appear’. Testament to its capability and standing in TMT, it is advising Vodafone Global Enterprise on launching in Bulgaria. Other highlights included assisting a social networking site with a new online function. Mitko Karushkov and associate Mario Arabistanov are the key names.