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Penkov, Markov & Partners

Penkov, Markov & Partners

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Bulgaria

2

Energy and natural resources

The energy and natural resources team at Penkov, Markov & Partners is well known in the market for litigation before civil and administrative courts, in addition to services in project development. The practice is led by three capable partners: Vladimir Penkov has in-depth knowledge of the sector, with experience drafting legislation; Nikolay Voynov is active in energy projects and regulatory matters; and Atanas Valov handles the full range of disputes and M&A deals in the energy space.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Fully capable and knowledgeable team of dedicated lawyers and legal practitioners. They build-up on the expertise of their founders, and continue making a difference in their day-to-day work and strategic cases, as well as in policy building in cooperation with other stakeholders, such as the bilateral chambers.'
  • 'Vladimir Penkov has a strategic mind, encyclopedic thought, and wisdom.'
  • 'Nikolay Voynov has profound expertise in Energy and other sectors.'
  • 'Atanas Valov has a great approach in public procurement.'
  • 'The team is very experienced in energy and natural resources. Over the years we have won a lot of cases with the help of Penkov, Markov and Partners. The team has extensive knowledge of the sector.'
  • 'Strong and dedicated team with vast experience in energy transactions. PMP team is particularly strong in renewables transactions.'

Key clients

  • EURA Energy (subsidiary of Eurowind Energy and Renalfa)
  • Mondi Stambolijski EAD
  • Zlatna Panega Cement AD
  • More than 60 RES producers affected by the 20% access fee which was pronounced unlawful by the Constitutional Court with a Decision No. 13/31.07.2014
  • Energy MT EAD
  • Knauf Bulgaria EOOD
  • Eurowind Energy A/S (former EnergiMidt Renewables A/S), Denmark
  • Minstroi Holding Group
  • Aenerg Group
  • Solar group
  • Global Biomet EOOD
  • Akuo Energy

Work highlights

Advised EURA Energy on a on the development of a photovoltaic plant project with a total capacity of 237 MW (with a potential for increase to up to 320 MW) near the village Tenevo.
Advises the coordinator of balancing group Energy MT EAD and the clients in its balancing group on the appeal for partial abolition on the new Methodology for determination of the prices on the electricity balancing market.
Advised Energy MT EAD on the appeal against the regulator’s decision for imposition of fine under the first REMIT case in Bulgaria on alleged market manipulation according to the provision of Art. 5 of REMIT.
Practice head

Vladimir Penkov; Nikolay Voynov; Atanas Valov

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