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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

IFLR1000 Sponsored

  • Sponsored by Djingov Gouginski Kyutchukov & Velichkov
2026 Edition
Banking and finance
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
28 firms ranked
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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
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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
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Project development
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 (DGKV) maintains a leading financial and corporate practice in Bulgaria, advising major financial institutions, investors and corporates across banking and finance, M&A, capital markets and complex cross-border transactions. The firm is particularly active on sophisticated financing mandates, combining strong transactional capabilities with detailed knowledge of the Bulgarian financial and regulatory environment.

The banking and finance team regularly advises lenders and financial institutions on acquisition finance, corporate lending, project finance and other financing structures. The practice also supports international clients on transactions involving multiple jurisdictions, working closely with financial institutions, investors and other advisers on the Bulgarian aspects of significant mandates.

DGKV also maintains a strong project development and project finance practice, with particular experience across energy, renewable energy and infrastructure. The team advises lenders, investors, developers and contractors on the financing, development and regulatory aspects of major projects, allowing it to combine finance expertise with sector-specific knowledge.

Clients consistently praise the firm's technical expertise, responsiveness and commercially focused advice. Feedback highlights particularly strong lender-side capabilities, project finance and renewable energy expertise, as well as effective coordination on multijurisdictional matters. The banking team receives particularly strong recognition for its professionalism, commercial judgement and ability to provide practical solutions on sophisticated transactions.

Key clients

Citigroup Global Markets Europe; EBRD; UniCredit Bulbank; DSK Bank; OTP Bank; Santander Bank Polska; Noble Corporation; Gilat Satellite Networks.

Testimonials

“Market-leading banking and finance expertise.” (Banking and finance)

“Excellent lender-side capabilities and strong commercial judgement.” (Banking and finance)

“Deep project finance and renewable energy expertise.” (Project development / Project finance)

“Highly responsive and commercially focused advice.” (Financial and corporate)

“Strong coordination across complex multi-jurisdictional matters.” (Financial and corporate)

“Professional, practical and solution-oriented.” (Banking and finance)
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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