Varna, Bulgaria:

Penkov, Markov & Partners - International Law Firm

Penkov, Markov & Partners - International Law Firm
  • Varna, Bulgaria
  • Mladost Dstr. No. 116, Varna, Bulgaria
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About our Varna, Bulgaria: office

About us

About us

Penkov, Markov & Partners is a leading law firm, providing top quality legal services and legal representation of clients in Bulgaria.

Established in 1990, in the wake of the democratic and economic changes in Bulgaria, PM&P is the first Bulgarian law firm to provide qualified and effective legal services to foreign investors and undoubted leader and innovator on the market, an example for many other law offices.

Penkov, Markov & Partners is the first Bulgarian law firm to have been awarded a Quality Management Certificate in accordance with the international standards ISO 9001:2000 and subsequently ISO 9001:2008.

PM&P is the only law firm in Bulgaria, covering the whole territory of the country. In addition to the central office in Sofia, the firm has regional offices in almost all major cities.

Since 2000, PM&P has been publishing its own newspaper - Lega Inter Consult News, the first and only of its kind, including legal information and comments and distributed among banks, visitors of the law firm, institutions and clients. The newspaper is published in more than 2200 copies in Bulgarian, English and German languages.

Since 1996 Penkov, Markov & Partners is exclusive member firm for the jurisdiction of Bulgaria of Lex Mundi World Ready– the world's leading association of independent law firms, which provides to its clients access to 160 legal firms in more than 100 countries and 21,000 lawyers.

For a second time PM&P has been awarded with Superbrands - recognition for exceptional reputation of the trademark Penkov, Markov & Partners among its current and potential clients, partners and investors.

Beyond the enormous activity and experience in company and commercial law, M&A and investment, by adapting to the new challenges and based on its clients' needs, PM&P has created specialized, first class working groups (teams) in different fields of law: IT, Media and Telecommunication; Energy, RES and Natural Resources; Real Estate and Project Development, Labour and Social Security, Competition and Consumer Protection; Litigation and Arbitration; Family and Inheritance Law; Mergers and Acquisitions; Immigration Issues; Banking and Finance; Privatization, Public Procurement; Administrative Business Law; Taxation; Trademarks and Intellectual Property; Environmental Law and Pharmaceutical Law.

PM&P has the biggest and most significant client portfolios and is respected both domestically and internationally.

Beyond PM&P's longstanding relationships with Coca-Cola bottling company in Bulgaria, Heineken Group as well its Bulgarian subsidiary Zagorka, Daimler, Balkan Star – part of the Willi Betz Group, Strabag AG, Knauf AG and its Bulgarian branch, Saint-Gobain Weber, Alu Koenig Stahl, TBIH Group and Vienna Insurance Group, the Bulgarian Pension Insurance Company Doverie, Piraeus Bank, Alpha Bank, United Bulgarian Bank, UniCreditBulbank, European Bank for Reconstruction and Development, Bulgarian Development Bank, etc., Karelia Tobacco Company - one of the biggest Greek tobacco manufacturers and exporters, the Bulgarian Telecommunications Company, NEF Telecom, Nokia Siemens Networks,,, PM&P provided full legal services to one of the biggest agribusiness group companies in China, in the acquisition of 100% of the shares in a Bulgarian company acting in the field of agriculture. The value of the deal was EUR 35,000,000.

As one of the most experienced law offices in banking and finance matters, during 2014-2015 PM&P is a legal advisor providing full legal services in the acquisition of two Bulgarian banks.

The law firm has been recognized for its reputation of a multifunctional consultant in the Real estate sector in a number of large-scale projects, such as the construction of The Mall and Paradise Centre, two of the largest shopping malls in the capital city.

In the energy sector PM&P is the market leader and provides legal advices to more than 100 RES producers against two decisions of Energy and Water Regulation Commission.

PM&P also performs excellent services in all spheres of civil litigation. Mr. Vladimir Penkov has over 16 years of experience as Arbitrator at the Arbitration Court with the Bulgarian Chamber of Commerce and Industry, the most well-known and respected arbitration court in the country.

The brilliant professionals from Penkov, Markov & Partners continue to be active also in the legislative process - the Commercial Register Act and the New Renewable Energy Sources (RES) Act as well as competition regulations.

The team of PM&P has extensive experience in representing its clients in a number of successful cases before the Commission for Protection of Competition and the Financial Supervision Commission.

International groupings

International groupings

Exclusive member for Bulgaria of Lex Mundi, Eurojuris and FLI Net

Bulgarian Chamber of Commerce and Industry

American Chamber of Commerce in Bulgaria

Austrian Business Club

British Bulgarian Chamber of Commerce

British Bulgarian Business Association

German-Bulgarian Chamber of Industry and Commerce

French-Bulgarian Chamber of Commerce

Bulgarian-Swiss Chamber of Commerce

Italian Chamber of Commerce in Bulgaria

Serbian-Bulgarian Chamber of Commerce

ICC Bulgaria

Vienna Economic Forum

Hellenic Business Council in Bulgaria

Bulgarian Business Leader Forum

Bulgarian-Japanese Economic Council



•Global Law Experts 2015, Penkov, Markov & Partners - Company Law Firm of the Year in Bulgaria

•Global Law Experts 2015, Penkov, Markov & Partners – The Banking & Finance Law Firm of the Year in Bulgaria

•Global Law Experts 2015, Recommended Firm and Recommended Attorney

•IFLR 1000 Financial and Corporate, Penkov, Markov & Partners is a recommended firm in the IFLR 1000 Edition 2015

•Corporate International Legal Awards Winner 2015, Vladimir Penkov – Company Lawyer of the year in Bulgaria

•Corporate LiveWire - Global Awards 2015 – Winner in the Foreign Investment category

•Legal 500 EMEA 2015 - Penkov, Markov & Partners has been recommended as a TOP-TIER FIRM in Bulgaria in 4 practice areas: Corporate and M&A, Energy and natural resources, EU and competition, Real estate and construction; Penkov, Markov & Partners has also been recommended in the following 5 practice areas: Banking and finance, Capital markets, Dispute resolution, Projects and PPP, TMT

•Recommended Firm - IFLR 1000, 2014

•Vladimir Penkov – Leading Lawyer in the IFLR 1000 2013 Edition

•Company Law Firm of the Year in Bulgaria – Corporate International, 2013

•International Banking & Finance Law Firm of the Year in Bulgaria – Global Law Experts, 2013

•Environmental Law Firm of the Year for Bulgaria - InterContinental Finance Magazine, 2013

•Leading Bulgarian M&A Law Firm for Europe - InterContinental Finance Magazine, 2013

•Banking & Finance Law Firm of the Year for Bulgaria - M&A International, 2013

•Company Law Firm of the Year for Bulgaria - M&A International, 2013

•Leading Financial Law Firm Award - IFLR 1000, 2013

•Regional Vision & Leadership Award Winner – FLI Net, 2012

•Global Administrative Law firm of the Year - The Lawyers World, 2012

•Global Top Tier Law Firm - The Lawyers World, 2012

•Leading Bulgarian Mergers & Acquisitions Law Firm of the Year - InterContinental Finance

Magazine, 2012

•Leading Bulgarian Banking & Finance Law Firm of the Year - InterContinental Finance Magazine, 2012

•International Legal Alliance Summit Silver Award Winner for Central and Eastern Europe, 2011

•Global Leading Firm – DealMakers, 2011

•Full Service Advisory Excellence for Bulgaria - Corporate International, 2010

•Mergers & Acquisitions Advisory Excellence for Bulgaria - Corporate International, 2010

To learn more about Penkov, Markov & Partners, please visit our homepage at

Office Details

Contact Information:
+359 (0) 887 208290  Phone
Mailing Address:
Mladost Dstr. No. 116, Varna
Office Size:
Year Established:
Bulgarian, English, German, Russian and French.

Areas of Practice (19)

Specific Areas of Practice for our Varna office:

  • Company Law
  • Commercial Law
  • Privatization
  • Environmental Law
  • IT, Media and Telecommunication
  • Energy, RES and Natural Resources
  • Real Estate and Project Development
  • Labour and Social Security
  • Competition and Consumer Protection
  • Litigation and Arbitration
  • Family and Inheritance Law
  • Immigration Issues
  • Banking and Finance
  • Public Procurement
  • Administrative Business Law
  • Taxation
  • Trademarks and Intellectual Property
  • Pharmaceutical Law
  • M&A and Investment

People (2)

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Lex Mundi

Varna, Bulgaria

  • Varna, Bulgaria
    Mladost Dstr. No. 116

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