Wolf Theiss has broad expertise - advising on  on renewable energy systems projects in Bulgaria and their financing, implementing EU law and energy regulations and assisting companies with their entry into the Bulgarian gas and electricity trading markets. The firm is well placed to advise on matters covering several jurisdictions and counts local and international developers, investors, banks and financing entities among its clients. The team is led by Anna Rizova  who has in depth knowledge of the energy regulatory framework, and Radoslav Mikov who has over 23 years’ experience in the electricity and natural gas sectors. Oleg Temnikov further strengthens the practice and advises on complex energy projects.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘This practice features a strong team of professionals that have an extensive knowledge of the Bulgarian market. The team's strengths are their problem-solving ability, proactivity to find the best solutions and exceptional support to their customers.’

  • ‘We value Radoslav Mikov's professionalism, compliance with the deadlines and networking ability in order to speed-up the necessary processes. Mr. Mikov can also rely on a team of professionals capable of best supporting the business activities.’

  • ‘One of the benefits of working with Wolf Theiss and Radoslav's team is their experience and expertise based on international practice, combined with their local experience and knowledge of the peculiarities of the Bulgarian market and the local legislation. Another important facet of their service is that they managed to keep the process of renegotiation amicable and operational, thus helping us preserve our business relationship with our counterparty to the extent possible.’

  • ‘We worked closely with partner Radoslav Mikov and counsel Oleg Temnikov. Radoslav is very knowledgeable and highly experienced in energy matters. He has a diverse profile based on his long-term experience in solving complex energy matters, but also being involved in many energy infrastructure projects of different type and magnitude. Oleg on the other hand was instrumental in handling the litigation matters expertly and efficiently.’

  • ‘Exceptional knowledge of the energy market in Bulgaria. Fast and efficient execution.’

  • 'Wolf Theiss' energy team in Bulgaria is highly experienced and very motivated. They have strong expertise in energy litigation matters, as well as in utilities. Radoslav Mikov and Katerina Novakova have supported us and advised on different complex and complicated matters both locally and cross-border.'
  • ‘Radoslav Mikov and Katerina Novakova are both are great lawyers, but also leading experts in the natural gas and electricity sectors with established practices, names and in debt knowledge of the regulation and practical implications of the sector. Both Katerina and Radoslav have a very practical grasp of energy legal matters, which is very helpful when navigating complexities of the local legislation.’

  • 'Radoslav Mikov, partner is a very knowledgeable and experienced lawyer, with thorough expertise in Bulgarian energy law and energy projects. He also has a very practical business approach, which helps finetune legal solutions to our business needs and objectives.'

Key clients

  • Overgas
  • Mundoro
  • Renalfa
  • Galaxy-Re
  • MET Group
  • Micronix Group
  • Subm 2023 Gas licensing
  • Dredging International NV
  • Subm 2023 Electricity licensing
  • CTP Invest
  • Sun'R International
  • AIK Energy
  • ArrowResources
  • METKA EGN
  • KKR
  • Electrohold Bulgaria

Work highlights

  • Advised electricity company Electrohold Bulgaria on the conclusion of a 10-year green power purchase agreement with Yettel and CETIN, to support both companies in switching almost entirely to renewable energy resources.
  • Advised Renalfa IPP on the takeover of the operational 72.5 MW Vetrocom wind park from Swiss energy company Alpiq Group, together with two more companies.
  • Advising developer Belozem Solar Park 3, a joint venture between SyZyDzhy and Electrohold Bulgaria, on the development of a single-connection-point renewable project - the 123,4 MWp PV Verila project in Bulgaria.

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.

Practice head

The lawyer(s) leading their teams.

Anna Rizova, Radoslav Mikov

Other key lawyers

Oleg Temnikov, Katerina Novakova