Chambers Europe

Chambers Global

Legal 500


Banking and Finance


Kambourov & Partners has a strong institutional investor, bank and corporate client base, which it advises on project finance and various types of refinancings and debt restructuring. As co-counsel to White & Case LLP, it acted for a syndicate of international banks on the financing of the Nabucco gas pipeline. The team also advised Tennenbaum Capital Partners on the restructuring of Bulgarian Telecommunications Company.

Corporate and M&A


‘Superb in every aspect’, Kambourov & Partners’ corporate practice has a ‘wealth of experience and expertise’ and ‘capacity to handle a seriously large amount of work against the tightest of deadlines’. Standout deals included representing Clever Synergies Investment Fund in its acquisition of 49.9% of the capital in Bulgarian American Credit Bank. The six-partner team also has notable media law expertise. Senior associate Veronika Hadjieva has ‘an excellent work ethic and a deep knowledge of corporate law’, and practice head Mitko Karushkov is also recommended.

EU & Competition


Kambourov & Partners’ ‘wealth of experience and expertise is combined with the capability to handle a large amount of work against the tightest of deadlines’, with practice head Stefan Tzakov singled out as being ‘one of the most expert and meticulous lawyers around’. The team represented Alstom Power in its litigation before the CPC against Chinese-Italian consortium Idreco-Insigma concerning the alleged unlawful use of its Maritza East two technology.

Privatisation, PPP and foreign investment


Recent highlights for Kambourov & Partners include advising the International Finance Corporation on a World Bank financed project for public participation in the Water and Sewage Company of Pleven, and advising on the privatisation of Municipality of Sofia. On the foreign investment side, it is advising Germany’s WTTE Automotive on its investment into the development, construction and operation of a car parts production plant. Stefan Tzakov is the key contact.

Projects, energy and natural resources


Kambourov & Partners’ energy practice represented key client E.ON before the Supreme Administrative Court in an appeal against a decision by the State Energy and Water Commission. The group also advised Merrill Lynch regarding its electricity wholesale trading, and advised Bulgarian Energy Holding on the restructuring of the Belene nuclear power plant. Other clients include Phoenix Solar, BP Solar and Gruppo Societa Gas. Stefan Tzakov heads the practice

Real Estate and Construction


At Kambourov & Partners, the ‘quality of service is always magnificent’, and the team’s ‘rapid response times add true value’. Highlights included advising IC Ictas Insaat Sanayi Ve Ticaret on the new international passenger terminal at Varna Airport, and advising The Black Sea Property Fund on four new developments along the Black Sea coast. The team is led by Atanas Shopov, who ‘shows passionate interest’ in clients’ projects.



Kambourov & Partners has ‘immense and unique experience in media law’, and is ‘superb in every aspect’. This ‘exceptionally hardworking’ and ‘very knowledgeable’ group has IT and IP expertise, which dovetails neatly with the firm’s litigation prowess. It represented the Bulgarian Post-Privatisation Control Agency in its €29m arbitration against companies that privatised Bulgarian Telecommunications Company. It also provides transactional support to Global Films, Global Vision and bTV Media. Mitko Karushkov heads the team, which includes ‘precise, meticulous and efficient’ senior associate Margarita Guigova