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Djingov Gouginski Kyutchukov & Velichkov

Bulgaria

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Key contacts
Managing partner: Stephan Kyutchukov
Quick facts
Number of lawyers

60

Number of partners

15

Network memberships

INTA, EELA, IBA

Languages

English, Bulgarian, French, German

Key practice areas
Banking and finance
Financial and corporate
M&A
Energy and infrastructure
Project development
Firm overview

For almost 30 years Djingov, Gouginski, Kyutchukov & Velichkov is one of the best full service law firms in Bulgaria, providing top-tier service and advice to primarily international corporate clients.

We work with a single-minded commitment to one goal: Providing our clients with the most timely, effective, and professional assistance possible.

In doing so, we prioritize a set of core values and principles:

  • Client Focus and Commercial-Mindedness
  • Hard Work and Innovation
  • Teamwork and Communication
  • Ethical Conduct

Our lawyers are leading specialists in their fields, offering advice in Bulgarian, English, German, and French to publicly and privately-owned companies investing in Bulgaria, major international investment and commercial banks, securities firms, institutional investors, venture capital funds, industrial, utilities, service, distribution, and retail companies, hotel corporations, real estate developers, non-profit organizations, and international financial and development institutions. We also advise the Bulgarian Government and EU institutions on transactional, regulatory, and compliance matters.

Sector expertise
  • Accounting
  • Agriculture
  • Automotive
  • Aviation
  • Banking
  • Construction and materials
  • Consumer goods and services
  • Energy
  • Financial services
  • Fisheries and aquaculture
  • Food and beverage
  • Forestry
  • Gaming
  • Government and public policy
  • Healthcare
  • Industrials
  • Insurance
  • Investment management
  • Media
  • Mining
  • Oil and gas
  • Pharm and life sciences
  • Natural resources
  • Real estate
  • Shipping
  • Social infrastructure
  • Tech and telecoms
  • Tourism
  • Transport
  • Utilities
Address:
10, Tsar Osvoboditel Blvd.
Sofia, 1000
Tel:+359 2 932 1100 Email:Contact Us Web Address:https://www.dgkv.com
Rankings published in 2026
Banking and finance
Tier 1
23 firms ranked
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Tier 1

Boyanov & Co
5 practice areas
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CMS Sofia
5 practice areas
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Djingov Gouginski Kyutchukov & Velichkov
5 practice areas
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Eversheds Sutherland Bulgaria
5 practice areas
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Kinstellar
4 practice areas
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Schoenherr
5 practice areas
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Tier 2

Kambourov & Partners
5 practice areas
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Spasov & Bratanov
5 practice areas
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Wolf Theiss
5 practice areas
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Tier 3

Deloitte Legal Law Firm
4 practice areas
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Dimitrov Petrov & Co
5 practice areas
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Penkov Markov & Partners
5 practice areas
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Tier 4

Arsov Natchev Ganeva
5 practice areas
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Dinova Rusev & Partners
5 practice areas
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Eurolex Bulgaria
3 practice areas
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Georgiev Todorov & Co
5 practice areas
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Gugushev & Partners
5 practice areas
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Tier 5

Act legal Bulgaria
4 practice areas
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CERHA HEMPEL Gerginov
4 practice areas
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Dobrev & Lyutskanov
4 practice areas
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Notable

Ilieva Voutcheva & Co
4 practice areas
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Kinkin & Partners
5 practice areas
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Sabev & Partners
3 practice areas
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M&A
Tier 1
28 firms ranked
View full list

Tier 1

Boyanov & Co
5 practice areas
View full profile
CMS Sofia
5 practice areas
View profile
Djingov Gouginski Kyutchukov & Velichkov
5 practice areas
View full profile
Kambourov & Partners
5 practice areas
View profile
Kinstellar
4 practice areas
View profile
Schoenherr
5 practice areas
View profile

Tier 2

Dimitrov Petrov & Co
5 practice areas
View profile
Penkov Markov & Partners
5 practice areas
View profile
Wolf Theiss
5 practice areas
View profile

Tier 3

CERHA HEMPEL Gerginov
4 practice areas
View full profile
Deloitte Legal Law Firm
4 practice areas
View profile
Eversheds Sutherland Bulgaria
5 practice areas
View full profile
Hristov & Partners
3 practice areas
View profile

Tier 4

Arsov Natchev Ganeva
5 practice areas
View profile
Dinova Rusev & Partners
5 practice areas
View profile
Gugushev & Partners
5 practice areas
View profile
Ilieva Voutcheva & Co
4 practice areas
View profile
Komarevski, Dimitrov and Partners
4 practice areas
View profile
Spasov & Bratanov
5 practice areas
View full profile

Tier 5

Act legal Bulgaria
4 practice areas
View profile
Dobrev & Lyutskanov
4 practice areas
View profile
Georgiev Todorov & Co
5 practice areas
View profile
Kinkin & Partners
5 practice areas
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Nina Boteva Law Office
3 practice areas
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Notable

CasePro
3 practice areas
View profile
Eurolex Bulgaria
3 practice areas
View profile
Peterka & Partners
5 practice areas
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Popov, Arnaudov & Partners
5 practice areas
View profile
Project development
Tier 1
21 firms ranked
View full list

Tier 1

Boyanov & Co
5 practice areas
View full profile
CMS Sofia
5 practice areas
View profile
Djingov Gouginski Kyutchukov & Velichkov
5 practice areas
View full profile
Kambourov & Partners
5 practice areas
View profile

Tier 2

Dimitrov Petrov & Co
5 practice areas
View profile
Kinstellar
4 practice areas
View profile
Penkov Markov & Partners
5 practice areas
View profile
Schoenherr
5 practice areas
View profile

Tier 3

Dinova Rusev & Partners
5 practice areas
View profile
Georgiev Todorov & Co
5 practice areas
View profile
Wolf Theiss
5 practice areas
View profile

Tier 4

Act legal Bulgaria
4 practice areas
View profile
Arsov Natchev Ganeva
5 practice areas
View profile
Deloitte Legal Law Firm
4 practice areas
View profile
Gugushev & Partners
5 practice areas
View profile
Kinkin & Partners
5 practice areas
View full profile
Komarevski, Dimitrov and Partners
4 practice areas
View profile
Spasov & Bratanov
5 practice areas
View full profile

Tier 5

Dobrev & Lyutskanov
4 practice areas
View profile
Ilieva Voutcheva & Co
4 practice areas
View profile

Notable

Popov, Arnaudov & Partners
5 practice areas
View profile
Linked Reviews
Financial and corporate

Djingov Gouginski Kyutchukov & Velichkov (also known as DGKV) was established in 1994. It has grown to more than 50 qualified lawyers in its headquarters in Sofia and it has a representative in Berlin. The firm is one of the markets most predominant independent firms in Bulgaria and regularly advises on some of the largest financial and corporate transactions.  

 

Highlights  

DGKV acted as Bulgarian law counsel of HPS Investment Partners, LLC as lender in connection with the financing of the acquisition of myPOS World Ltd and the myPOS group of companies by Advent International, L.P. This included advising the client on the accession of the Bulgaria based myPOS companies as guarantors to the financing and leading the structuring, drafting and negotiation of the Bulgarian law governed security documentation. The transaction closed in August 2024.  

The firm also advised Netherlands-headquartered investment firm PPF Group NV (“PPF”) on the Bulgarian law aspects of the sale by PPF of 50% plus one share in PPF Telecom Group’s (“PPF Telecom”) assets in Bulgaria, Hungary, Serbia and Slovakia, to Emirates Telecommunication Group Company ("e&"). The team acted as local counsel and was led by partners Violetta Kunze, Nikolai Gouginski, and Valentin Bojilov. The transaction closed in October 2024.  

 

Key Clients  

EBRD; UniCredit Bulbank; DSK Bank AD and OTP Bank Plc.; Bianor Holding ADAccenture Holdings B.V.; Dreamix OOD; Bright Consulting; PPF Group NV; Gilat Satellite Networks; Dronamics LTD; Aurubis Bulgaria AD; Contour Global; American University in Bulgaria 

 

Testimonials 2024/2025 

The team was very responsive, knowledgeable, and professional. (Financial Services Regulatory) 

We appreciate the team’s knowledge, accuracy, and professionalism. (Project Finance) 

Kaloyan Krumov is competent and responsive. (Project Finance) 

 

Testimonials 2023/2024

“The DGKV team I have the pleasure to work with is extremely professional, forward looking and very alive to the client's needs. Partner Kaloyan Krumov is very good at task, time and costs management and always maintains open communication. The whole interaction between the in-house counsel and the law firm was so easy to navigate - from the assignment of work to the flexibility of when we speak and meeting deadlines.” - Banking and finance  

“Experienced and well-prepared team, well structured, clients friendly.” - M&A 

 

Georgi Tzvetkov  

Problem solver, proactive.”  

 

Kaloyan Krumov  

Kaloyan Krumov is approachable, focused on the client's needs rather than issuing invoices and provides practical solutions. He is also very good at time and costs management and whenever appropriate delegates work to the members of his team.”

15 results15 results
Deal Highlights
1 results1 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
Bulgarian Energy Holding EAD - Bond Issue
2021-07-01
Djingov Gouginski Kyutchukov & Velichkov
Bulgaria
Bond issue
Citigroup, JP Morgan Chase
Underwriter
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