Contacts

phone: +359 2 980 0412/0413
fax: +359 2 980 0457

gsabev@sabevandpartners.com

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Bar admittance and membership:

Sofia Bar Association (since 1995)

Education:

Master Degree in Law, Sofia University “St. Kliment Ohridski”, Bulgaria (1987 – 1991)

Languages:

Bulgarian, Russian

George Sabev, Partner

Key qualifications

  • One of the leading Bulgarian specialist insolvency lawyers, engaged both in drafting reviews on and amendments to the legal framework, and providing consultations and representation in specific insolvency proceedings, including bank insolvency cases 
  • In-depth knowledge and extensive experience in debt collection and enforcement proceedings; participated in developing the legislation and professional organization of the activities of private enforcement agents in Bulgaria
  • Efficient assistance in resolving corporate issues and disputes between shareholders, including identification of possible risks, development of adequate dispute resolution strategies, leading the negotiations and successful settlement of such disputes
  • Legal advice and assistance in negotiations and transactions relating to bank financing and restructuring of credits and financial obligations
  • Consultations on: choosing the most appropriate legal form for doing business in Bulgaria, structuring and completion of mergers and acquisition transactions (national and cross-border), legal aspects of public offering and trading of securities on the stock exchange 
  • Legal representation in arbitration proceedings on commercial disputes and in litigations before state courts (administrative, civil and commercial lawsuits)
  • Insolvency administrator, admitted in 2001 and included in the List of Persons Eligible to be Appointed as Insolvency Administrators under the Commercial Act, approved by the Minister of Justice, with practical experience as court appointed insolvency administrator

Practice Areas

Corporate and CommercialRestructuring and InsolvencyMergers and AcquisitionsBanking and FinancePublic Procurement Concessions and PPPLitigation and ArbitrationReal Estate

Work Highlights

Complex legal service to a pharmaceutical company
Legal advice on real estate matters to a large European retail chain
Acquisition of Cevolani S.p.A. as Business Complex
Legal representation in litigations related to EU funding programmes
Consultations and legal representation to the Bulgarian Deposit Insurance Fund
Legal representation in litigations relating to bank services
Legal advice and representation of a bank in relation to insolvency procedure of its debtor
Legal representation in a litigation related to the electricity supply
Private venture capital fund investment in an IT company
Legal services to a private operator of public passenger transport services
Legal advice and representation of the claimant in litigation proceedings related to non-payment of debts by Stolichen Avtotransport EAD
Legal services on issues related to consumer credits and consumer protection
Legal review of the EU state aid regime
Acquisition of NET INFO as going concern
Participation of the private sector in the water supply and sanitation services
Advising on a tender offering of the shares of a public company and its subsequent delisting
Restructuring of debts under bank loan agreements
Preparation of tender documentation for an open public procurement procedure
Consulting services relating to procurement of water supply and sanitation services to a private operator
Visibility and effectiveness of the insolvency proceedings
Project „Training of state enforcement officers”
Sale of HIGIA EAD – enforcement of special pledges – settlement of disputes
Legal advice on the borrower side in relation to a joint financing from EBRD and UniCredit Bulbank
Corporate restructuring of a Bulgarian holding group
Structured finance relating to auto lease business (securitization of auto lease receivables)
Legal due diligence, privatization evaluation and information memorandum of Bulgartabac Holding
Consulting services in relation to the restructuring of Bulgartabac Holding Group
Transformation through merger of subsidiaries into their sole owner
Technical Assistance to the Registry Agency (TARA)
Commercial Law Reform Program (CLRP) funded by the USAID
Corporate restructuring – transformation by way of spin-off (de-merger)
Representation in parallel arbitration proceedings related to non-fulfilment of the privatisation agreement for Balkan Airlines
Transformation of the Printing House of the Bulgarian National Bank by absorption of Formprint
Implementation of a Budget Sector Financial Management System – Stage One
Awarding of the implementation of a Real Time Gross Settlement System
Legal due diligence reviews upon privatization of state-owned companies

Professional Experience

  • 1998 – present Managing Partner, Sabev & Partners Law Firm
  • 1995 – 1998 Attorney-at-Law (private practitioner), Sofia Bar Association
  • 1993 – 1995 Head of Legal Department, Ministry of Trade
  • 1992 – 1993 Legal Advisor, CIELA