Established in 1990 we are one of the leading and also one of the oldest, most reputable and experienced law firms in Bulgaria.

We are a full-service business law firm, actively involved in the legislative process, as well as in community and business organizations, NGOs and pro-bono service. Our philosophy is to provide comprehensive and useful legal advice to the best interests of the client, whilst taking with them the responsibility for the decisions and guiding to the most beneficial approach.

Our main ambition is to create Synergies. How do we get to rule over the challenges in the complicated times of necessary change and development? How do we enrich ourselves with new ideas and even more important – how do we incorporate them? The synergy in our law firm is created on all levels – synergy in the administrative management, marketing and the building of the staff, synergy between the most experienced, knowledgeable and capable partners and lawyers, as well as the synergy in the application of the standards by everybody in the firm and the realization of the ideas with the involvement of all colleagues with different qualification and abilities.

The firm has offices throughout Bulgaria and in Vienna, Austria. We are the first Bulgarian law firm certified with a Quality Management Certification ISO 9001:2000 issued by Bureau Veritas Certification and later recertified under ISO 9001:2008 and ISO 9001:2015. For a third time (2014, 2016 and 2018) Penkov, Markov & Partners has been awarded with “Superbrands” - recognition for exceptional reputation of the trademark Penkov, Markov & Partners among its current and potential clients, partners and investors.

We have substantial and historical knowledge of all fields of the law related to investments and business being witness and actively taking part in their development in Bulgaria after the democratic changes. Our practice in Privatizations and Foreign Investments has evolved into covering all areas of legal practice, with recognized specialists that are among the top experts in the country.

The firm continues expanding its litigation and arbitration practices and further developing the practice groups specializing in energy, RES and natural resources, technology, media and telecommunications, as well as to creating and developing an IP practice including patents and trademarks. We are already established experts in Data Protection and building up our presence in the Anti-Money Laundering and Overall Compliance legal fields.

Areas of Practice

• Banking and Financial Law
• Commercial and Business Law
• Competition and Antitrust
• Customs
• Energy, Renewable Energy and Natural Resources
• Foreign Investments and Privatizations
• Insolvency & Restructuring
• IP Law
• IT, Media and Telecommunications
• Joint Ventures
• License and Know-How
• Litigation and International Arbitration
• Mergers and Acquisitions
• Pharmaceutical Law
• Public Procurement & PPP
• Real Estate and Construction
• Social and Labor Law
• State Regulations, GDPR & AML
• Tax Law