Asen Apostolov
Penkov, Markov & PartnersThe ‘knowledgeable and experienced’ team at Penkov, Markov & Partners works with various financial and credit, e-money and payment institutions on a wide array of regulatory issues. Practice co-heads Nikolay Cvetanov and Ivan Markov have extensive experience in the field of banking and finance and capital markets.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'We have very good cooperation with the team as our long-term lawyers. They have long-term experience both in private and bank financing and help with structuring negotiations and security packages. We always recommend them to our partners when they seek legal advice.’
‘Milena Gaidarska is familiar with the conditions and requirements of the major banks in the sector and also knows their senior legal and financial officers which speeds up and facilitates the negotiations and closing of the deals. She is very reputable and easy to work with.'
‘They are patient, professional, rigorous. We had a great cooperation with Ivan Markov.’
‘Their law office has a very experienced financing team with coverage of any type of financing. They have done some very big deals in the sector and their name also helps facilitate the closure of financings, as the counter-parties consider them reliable and professional lawyers that aim to make a deal and not to delay it.’
- 'Nikolay Cvetanov is the leading lawyer – knows the sector very well, analyses the case at hand not only from legal, but also from business perspective. Regularly applies innovative approach as regards various legal matters.'
‘The team leader - Nikolay Cvetanov is a lawyer we have worked with for many years and we are more than satisfied with the service provided. He is well known in the sector, very knowledgeable and knows the market perfectly. We always receive business wise advice from him which is paramount for our company. In terms of organizing the work under assignments he is second to none.'
- 'Asen Apostolov is very knowledgeable, responsive, pays attention to every detail and we feel we are in safe hands with him.’
- 'Asen Apostolov is very efficient, has a very good knowledge on the legal framework and the latest developments.'
Key clients
- Allianz bank bulgaria ead
- Binance
- Zai
- Atbih
- Pac doverie
- Paynetics ad
- Arteks engineering ad
- Moneygram international
- Eurostar eood
- Infinity capital ad
- Gurmazovo house eood
- Netcredit
- China development bank
- Multitude bank p.l.c.
- Unilink s.a.
- Pfs card services ireland / eml payments
- Ferratum bulgaria eood
Work highlights
- Advised Allianz Bank Bulgaria AD in relation to their factoring model, including innovative provision of the service through a mobile application.
- Advised Binance on variety of matters, including the applicability of the new Regulation (EU) 2022/858 on Distributed Ledger Technology Market Infrastructures (“the DLT Regulation”).
- Advised ATBIH GmbH on the sale of a minority stake (less than 10%) in the capital of the biggest Bulgarian Pension Fund – Doverie.
Lawyers
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Nikolay Cvetanov
Penkov, Markov & PartnersPractice head
The lawyer(s) leading their teams.
Nikolay Cvetanov, Ivan Markov