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Spasov & Bratanov

Bulgaria

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Key contacts
Managing Partner: Georgi Spasov
Partner (Finance): Vassil Hadjov
Quick facts
Lawyers

20 full-time

Memberships

Adriala Network

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

Spasov&Bratanov is a premier corporate and finance law firm which provides full range of legal services to financial institutions, companies and various investors on predominantly cross-border transactions. The firm has established relationships with leading law firms based in the City of London, on Wall Street, and in other leading financial centres in Europe and East Asia.

Client feedback

"Quality and delivery would be fit for any City of London law firm."

Key transactional practices
  • Banking
  • Capital markets
  • Competition/Antitrust
  • Financial services regulatory
  • M&A
  • PPP
  • Private equity
  • Project development
  • Project finance
  • Real estate 
  • Restructuring/insolvency
  • Structured finance/securitisation
Key practice contacts and recent transactional highlights

Mergers & Acquisitions:
Georgi Spasov, Managing Partner
Georgi.Spasov@sbn-law.com

Boyko Bratanov, Partner
boyko.bratanov@sbn-law.com

Recent transactional highlights:

  • Advising  MTG Modern Times Group on the disposal of its Bulgarian business;
  • Advising  Akuo Energy International on its acquisition of EDF Energies Nouvelles’ Bulgarian hydropower generation business 
  • Advising Inercom on the attempted acquisition of CEZ’ Bulgarian business 

Banking & Finance:
Vassil Hadjov, Partner
Vassil.Hadjov@sbn-law.com

Nadia Hadjova, Counsel
Nadia.Hadjova@sbn-law.com

  • Advising a Citigroup-led bank syndicate on EUR 500M term loan secured financing for BTC and subsequent financings
  • Advising KBC Bank, BNP Paribas Fortis, Cooperatieve Rabobank and ING Belgium on EUR 131M multi-currency term loan secured financing for Aliphos Bulgaria/Technophos
  • Advising HSBC and  Bank of China Macau Branch on their USD 80M term loan secured financing for the Hong Kong parent group of ISB;
  • Advising European Investment Bank on EUR 100M secured term loan financing

Competition/Antitrust:
Georgi Spasov
Georgi.Spasov@sbn-law.com
Kremena Yaneva, Senior Associate
Kremena.Yaneva@sbn-law.com

  • Defending Nova Broadcasting Group and affiliates against alleged abuse of dominant/stronger bargaining position 
  • Defended the Bulgarian subsidiaries of CEZ in various antitrust proceedings 
  • Representing Inercom in merger clearance towards proposed acquisition of CEZ’ Bulgarian business 

Project Development:

Vassil Hadjov, Partner
vassil.hadjov@sbn-law.om

Petar Dyankov, Senior Associate
petar.dyankov@sbn-law.com

 

  • Representing the consortium AdP/TAV in Sofia Airport Concession Tender
  • Advising greenfield investment in the heavy industry sector 
  • Advising South Stream Bulgaria (Gazprom subsidiary) on its’s assets disposal to BulgarTransGaz
Address:
Slavyanska Office Centre
29A Slavyanska Str., Floors 2/3
Sofia 1000
Tel:+359 2 980 1808 Fax:+359 2 980 2510 Email:Contact Us Web Address:http://www.sbn-law.com
2027 Edition
Banking and finance
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M&A
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Project development
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Project finance
17 firms ranked
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Linked Reviews
Financial and corporate
Spasov & Bratnov maintains a strong financial and corporate practice in Bulgaria, advising banks, financial institutions, investors and corporates across banking and finance, investment transactions and corporate matters. The firm is particularly experienced in lender-side financing work, combining technical banking expertise with detailed transaction execution.

The practice advises on financing documentation, due diligence, investment and fund structures and other financial transactions. Its client portfolio includes major domestic and international financial institutions, alongside investment and corporate clients.

The firm also maintains an active project development practice, with particular experience in renewable energy. The team advises on the financing, development and commercial aspects of projects, supporting clients on complex matters that require an understanding of both project structures and financing considerations.

Clients particularly value the firm's technical banking expertise, thorough analysis and drafting capabilities. Feedback highlights its strength in lender-side mandates and the reliability of its financing documentation, alongside practical and commercially focused advice. Project development feedback similarly recognises the team's renewable energy expertise, commercial awareness and ability to simplify complex project issues.

Key clients

UniCredit Bulbank; UniCredit SpA; EBRD; Santander Bank; International Finance Corporation; US EXIM; AES; Bulgaria Solar; Impetus Capital.

Testimonials

“Exceptional quality of due diligence and financing documentation.” (Banking and finance)

“Highly thorough and reliable analysis.” (Banking and finance)

“Strong technical banking and finance expertise.” (Banking and finance)

“Practical and solution-oriented approach.” (Project development)

“Strong renewable energy expertise and excellent commercial awareness.” (Project development)

“Ability to simplify complex project issues.” (Project development)

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Deal Highlights
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