Company Law: Mergers & Acquisitions, Insolvency, Privatization

For the past 25 years, the Georgiev, Todorov & Co. Law Offices has consulted key clients on some of the largest deals in the history of Bulgaria in privatization, as well as on significant mergers and acquisitions .

The law firm has experience in administrative, corporate and contract litigation, financial issues, insurance, insolvency, regulatory matters, etc. Our lawyers sometimes advocate the use of alternative dispute resolution procedures depending on the relevant case. Arbitration procedures supervised by the major Bulgarian arbitral bodies as well as in ad hoc arbitrations,are also often used.

Our expert team is recognized as a leader in the field of reputable international legal directories for its wide and successful expertise, as well as the application of bold solutions leading to successful business developments for our clients.


In 2008 our law firm provided legal consultancy on the privatization procedure for the Bulgarian Maritime Fleet, advising the winning bidder – KG Maritime Shipping. Georgiev, Todorov & Co. was the only legal adviser to the buyer. The total transaction and investment value pursuant to the share purchase agreement amounts to over BGN 1,2 billion.

Bulgaria Air – our law firm has been involved in the successful privatization of the national air carrier – Bulgaria Air, as a consultant of the winner of the tender. Subsequently, our lawyers have advised Bulgaria Air on more corporate matters.

Georgiev, Todorov & Co. conducted the due diligence survey of Balkancar Sredetz’s services and represented the successful bidder before the Commission of Protection of Competition, other executive bodies, and the Supreme Administrative Court. The value of the privatization deal exceeded the amount of EUR 50 million.

Nu Image Bulgaria – our team provided legal advice to the client that has won the bid for the privatization of “Boyana Film” EAD-Bulgaria’s biggest film production company – a daughter company of NU Image Inc. USA. Work included extensive negotiations with the Privatization Agency of the Republic of Bulgaria and legal advice on various aspects of the share purchase agreement. The project amounts to approx. EUR 6 million.

M&BM Express OOD – the firm has prepared vendor’s due diligence for their acquisition by the Austrian posts. Georgiev, Todorov & Co has also advised M&BM Express OOD on regulatory and legal matters in the field of the post services, has provided regulatory strategies, has represented the firm before regulatory bodies, and has led negotiations on their behalf.

Georgiev, Todorov & Co. has advised Titan Sport EAD (a subsidiary of Titan International Holding AD) on the acquisition of the professional football club PFK CSKA EAD. Work involved legal due diligence report of the enterprise, negotiations and conclusion of share purchase agreement for the whole capital of the company, and the procedure for receiving an approval for the concentration by the Commission for Protection of Competition.

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