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Key contacts
Managing Partner, Co-Head of Financial Services Law Group: Nikolay Bebov
Senior Managing Partner, Head of M&A Practice, Projects Practice: Irina Tsvetkova
Co-Head of Financial Services Law Group: Damyan Leshev
Quick facts
Number of lawyers

22

Number of partners

4

Network memberships

Only national law firm in Bulgaria which is member of ISDA; it is also a member the Bulgarian Association of Licensed Asset Management Companies and of many bilateral commerce chambers in Bulgaria

Languages

English, French, Italian, Russian, German

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

Tsvetkova Bebov & Partners, member of Eversheds Sutherland is one of the largest business law firms in Bulgaria. It history dates back to 1998; it was reincorporated as a professional corporation of lawyers in accordance with the Bar Act in 2007.

Our law firm became Eversheds Sutherland’s 21st member firm in the European Union.

The firm advises clients across all business law practice areas, including capital markets, banking and financial law, corporate and commercial law, M&A, energy and natural resources law, pharma and life sciences, real estate and construction law, employment law, competition law, litigation and dispute resolution, intellectual property, personal data protection. As member firm of Eversheds Sutherland, our law firm will build upon its practice and track record. We will combine our own local skills and expertise with the global skills and expertise of the lawyers at Eversheds-Sutherland.

Key transactional practices
  • Banking and finance
  • Capital markets
  • Competition/antitrust
  • Corporate and M&A
  • Labour and employment
  • Investment funds
  • Restructuring and insolvency
Address:
9-11 Maria Louisa Blvd., 4th Floor
Sofia 1000
Tel:+359 2 439 0707 Fax:+359 2 439 0707 Email:Contact Us Web Address:https://www.eversheds-sutherland.bg/
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 3
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
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Eversheds Sutherland Bulgaria
5 practice areas
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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
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Gugushev & Partners
5 practice areas
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Ilieva Voutcheva & Co
4 practice areas
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Komarevski, Dimitrov and Partners
4 practice areas
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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
View full profile
Nina Boteva Law Office
3 practice areas
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Notable

CasePro
3 practice areas
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Eurolex Bulgaria
3 practice areas
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Peterka & Partners
5 practice areas
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Popov, Arnaudov & Partners
5 practice areas
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Linked Reviews
Financial and corporate

Opened in 1998, Tsvetkova Bebov & Partners is a leading full-service Bulgarian firm based in Sofia. The firm is a member of the International Swaps and Derivatives Association, ISDA. The firm has a notably strong presence in Banking and finance and capital markets transactions, as well as experience acting as Bulgarian counsel on large cross border transactions.  

 

Highlights  

Eversheds Sutherland Bulgaria advised on all matters of Bulgarian law the Republic of Bulgaria in relation to its € 3,000,000,000 and US$ 1,500,000,000 triple-tranche issue under its GMTN Programme increased to € 20 billion. This included advice on a supplement to the GMTN Programme offering circular as well as Bulgarian securities, taxation, and constitution law. The transaction closed in August 2024 and was led by partner Nikolay Bebov.  

The team also advised Allianz Bank Bulgaria, as single transaction counsel, in the public issuance of € 50,000,000 million 4-year MREL notes. This included drafting the public offering and listing prospectus and all relevant documentation for the issuance of the bonds, assisting in the obtaining of prospectus approval by the Financial Supervision Commission, and advising the client throughout the entire public offer procedure. The issuance occurred in December 2024.  

 

Key Clients  

Energo-Pro a.s.; TBI Bank; KBC Asset Management; Republic of Bulgaria – Ministry of Finance; Allianz Bank Bulgaria 

 

Testimonials 2024/2025

Eversheds is an efficient team managed by a professional leader achieving milestone on a timely manner. The project was under time limit and the team managed to stick to all deadlines. (Project Finance) 

They are very competent and have a lot of experience. They know the bank market in Bulgaria and the reality in which the banks in the market operate. They try to understand the business logic of the respective tasks/requests and provide tailor made solutions. They are easy to communicate, react fast and manage to present the information in way understandable for everyone. (Banking & Finance) 

The Banking and Finance team, led by Nikolay Bebov, is excellent in every way. They are highly technically competent and have excellent collegiality and excellent commitment to the project and client service. (Banking & Finance) 

Nikolay Bebov's team, comprised of Petar Ivanov and Konstantin Mladenov were really capable and reliable. The firm is really good to work with. (Banking & Finance) 

Nikolay Bebov is very competent and experienced. He is professional and knows very well the bank business and the Bulgarian market. He analyses the requests and replies promptly to what extent and in what direction he can help us. If he is not the right person for the respective question, he provides somebody else but at the same time, he is personally deeply involved in the respective task and the discussion until the very end of the project. (Banking & Finance) 

Nikolay Bebov has gravity and seriousness of purpose. When he works on the deal people know that he is a serious and capable lawyer and even if he is on the other side from them, they take him seriously. (Banking & Finance) 

Petar Ivanov provides quick feedback and having full control over projects. (Project Finance) 

Petar Ivanov is very serious and committed. He works very hard to pull together all the strands on the CP checklist and make sure things get checked off. He is friendly and easy to work with on a deal. (Banking & Finance) 

Mariya Karacholova is very experienced and professional. She tries to understand the business logic in the projects and to provide the best possible solution. (Banking & Finance) 

5 results5 results
Deal Highlights
5 results5 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
Ergana Films - M&A
Eversheds Sutherland Bulgaria
Bulgaria
M&A
Irina Tsvetkova
Ergana Films
Acquirer
Kone EOOD - M&A
Eversheds Sutherland Bulgaria
Bulgaria
M&A
Irina Tsvetkova
Kone EOOD
Acquirer
Mercuria - M&A
2021-10-12
Eversheds Sutherland Bulgaria
Bulgaria
M&A
Nikolay Bebov
Mercuria
Investor
PVB Power - M&A
Eversheds Sutherland Bulgaria
Bulgaria
M&A
Irina Tsvetkova
PVB Power
Seller
Transact Europe - M&A
Eversheds Sutherland Bulgaria
Bulgaria
M&A
Nikolay Bebov
Transact Europe
Seller
M&A
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M&A
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M&A
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ESG
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