Banking and Finance

In the past few years we have concentrated part of our team’s efforts on further developing and expanding our practice in the field of banking and finance. At present we provide legal services to corporate clients, banks, consumer credit companies and other legal entities seeking legal advice on complex project or asset financing deals, as well as state authorities, such as the Bulgarian Deposit Insurance Fund. 
 

Banking

We deliver comprehensive legal advice to corporate clients in relation to various types of credit facilities provided by both domestic and international financial institutions. This includes assistance in the phase of initial negotiations and obtaining the financing (including creation and perfection of security, such as mortgages, special pledges or financial collaterals), support during the lifetime of the facility agreements and in the final phase of such transactions, whether due to repayment, refinancing or restructuring.  
 

Consumer credits

We advise non-banking financial institutions on the legal framework regulating their activities, in particular the Credit Institutions Act, the Consumer Credit Act and the Consumers Protection Act. In 2014 we assisted our clients to reorganize their business models in compliance with the newly introduced requirements of the Consumer Credits Act, including by drafting general conditions and model agreements.
 

Bank insolvency

In addition to our general insolvency practice, we develop special expertise in the field of bank insolvency. Our services comprise the provision of legal opinions and analysis, out-of-court settlement of disputes, participation in negotiations and legal representation in court proceedings, among others.
 

Banking litigation

Our lawyers advise and represent credit institutions on a number of important court cases related to banking and payment services. Our team takes pride in the successful outcome of all these cases at the respective court instances. We also advise banks in relation to insolvency proceedings of defaulting borrowers.
 

Project Finance

We have gained significant experience in advising clients on complex project finance transactions related to the implementation of infrastructure or industrial projects and involving financing from sponsors and banks, establishment of special purpose vehicles and creation of relevant security. 
 

Team members:

Georgе Sabev, Boryana BotevaIskra Neycheva, Maria Kutsarova