Banking, Finance and Capital Markets

Immediately after the democratic changes in Bulgaria, PMP served as consultant in the setting up of the first branch of a foreign bank in Bulgaria, as well as in the first capital investment by a foreign entity into a local bank, which, considering the absence of a detailed statutory framework or any practical experience, was a real challenge for both ourselves and our clients.

The PMP team continued with yet another important step in this direction, providing full consulting services for the first successful privatization of a banking institution in Bulgaria. Acting as a legal counsel in five more acquisitions of Bulgarian banks by foreign banks helped us build our very own high standards of operation, unprecedented until that time in Bulgaria and enrich our experience in other fields of activity, such as the preparation of due diligence reports and different legal-financial schemes. Our lawyers are well versed in the regulatory framework of the banking and financial sector, and have extensive experience in corporate finance, sureties, including mortgages and special pledges, project financing, loans, operational and financial leasing, refinancing of companies and debt restructuring.

As is the case in most countries, capital markets in Bulgaria have their specific regulatory framework, with deals in this field being on the rise. PMP lawyers employed in this sphere have acted as legal consultants in some of the largest deals ever made in Bulgaria, proving the benefit of good cooperation and communication with international consulting and regulatory bodies.

PMP provided legal advice in the establishment of one of the first asset management companies in Bulgaria and currently provides regular services to some of the major non-banking financial institutions in Bulgaria and their branches.

We are proud to have successfully assisted one of the largest non-banking financial institutions in Europe to set foot in Bulgaria, filling the niche on online consumer loans.

Our practice constantly expands to include legal consulting for investment companies, mutual and pension funds, asset management companies, investment mediators and ventures.

Our lawyers provide comprehensive consulting on the structuring, financing and applicable regulatory framework in that field. Of special value for our clients is the possibility for PMP to enlist, at a very short notice, experts from other fields to give a helping hand in this highly specific area, should the case so require.




“Penkov, Markov & Partners offers “strict, correct and professional advice” to an impressive collection of financial services clients … Managing Partner Vladimir Penkov is praised by clients for his “commercial and pragmatic” approach.“