Chambers Global

Chambers Europe

Legal 500


Banking and Finance


Kambourov & Partners provides prompt, well-grounded and appropriate advice to an eclectic mix of banks, corporates, sponsors and venture capital firms. Best known for its project and real estate finance expertise, the firm continues to advice the partners of Carrefour Marinopolous on the development of all Carrefour sites in the country to date. Yavor Kambourov and Mitko Karushkov display a quality of service and level of sympathy that is extraordinary. Managing partner Vladimir Rangeloff is recommended.

Corporate and M&A


Headed by Mitko Karushkov, the ‘responsive, results-oriented and business-sensitive’ Kambourov & Partners’ corporate team continues to pick up market share. Attracting instructions from a range of sectors including the banking, energy and automotive industries, the firm has the critical mass to handle big-ticket M&A mandates that require significant resources. The ‘creative and hugely experienced’ Vladimir Rangeloff is a key member of the team and along with Karushkov recently represented CVC on the €2bn acquisition of the Bulgarian business of InBev. One of the standout deals on the market, the mandate showcased the firm’s ability to provide cross-border transactional advice as well as the concomitant competition expertise. The firm also handles day-to-day commercial mandates for E.ON Energie and Nu Boyana Film Studios.

Capital Markets


Spearheaded by the ‘creative’ and ‘robust’ Vladimir Rangeloff, Kambourov & Partners provides excellent capital markets advice across the spectrum for issuers and underwriters. Imbued with a ‘strong client-service ethic’, the team continues to handle a significant amount of work for major funds such as the Black Sea Property Fund and ELANA.

EU & Competition


Kambourov & Partners has forged an increasingly pervasive presence in the market, particularly on behalf of one of its core clients E.ON. Indeed the firm has successfully represented the aforementioned energy company in several abuse of dominant position proceedings before the CPC. ‘Very experienced in competition law’, department head Stefan Tzakov is ‘incredibly precise, to the point and thorough in legal issues on all aspects’.

Privatisation, PPP and foreign investment


Praised for its ‘responsive and focused’ service, Kambourov & Partners is often the first point of call for clients involved in complicated and politically sensitive privatization mandates. Following on from its privatization of the National Film Centre by Nu Image, the team is currently advising the new structure of investments in the construction of new film studios in Bulgaria. ‘Professional, responsive and practical’ managing partner Vladimir Rangeloff led the aforementioned deal and is an integral part of a team that also includes the ‘magnificent’ Stefan Tzakov

Projects, energy and natural resources


The ‘best energy law firm in Bulgaria’ has ‘a deep knowledge in all energy-related spheres’. With a focus on advising foreign strategic investors, E.ON is a pivotal client of the firm that provides transactional, competition and litigation work for it in the renewables and electricity sectors. ‘The best energy litigators in Bulgaria’ the firm has advised E.ON across a raft of litigation and is currently representing it before the Supreme Administrative Court in relation to appeals against various decisions of the Energy Regulator. ‘One of the best energy lawyers in the country’, Stefan Tzakov heads the team and is, according to one client, ‘not only incredibly fast in the responses but also magnificent at predicting our needs and acting to prevent serious issues from arising’. Other clients include Phoenix Solar, BP Solar and Kalvacha Gas

Real Estate and Construction


At Kambourov & Partners, Atanas Shopov heads a team that has a weight of experience and track record behind it to advise an eclectic selection of stakeholders in real estate matters from the full range of sub-sectors. Despite the overall slowdown in new instructions, the firm continued to be kept busy by its work for Carrefour Marinopolous and South Management Company, firstly on the opening of a shopping mall in Sofia in the European Trade Centre and then on the establishment of the Lyulin Mall in Sofia. Leveraging the firm’s excellent finance and corporate capability, the firm has also secured mandates for funds investing in property. For example, as well as continuing to advice the Black Sea Property Fund on its €28m acquisition and development of four residential projects, the practice has also picked up work for ELANA Agricultural Land Opportunity Fund on its acquisition of agricultural land



Kambourov & Partners shows ‘impeccable attention to detail and displays a solution-focused approach’ to clients, engaged in the TMT sector. Particularly accomplished within the media industry, the team has been advising Global Films and Global Vision – one of the country’s leading film production companies – on the regulatory, contractual, advertising, IP and other issues associated with a number of its shows broadcast on TV stations in Bulgaria. Mitko Karushkov heads a team that includes ‘innovative and very knowledgeable’ senior associate Elena Kandeva and senior associate Margarita Guigova, who is ‘very experienced in regulatory, licensing and copyright issues, and is an ardent litigator with a meticulous attention to detail’