Private and institutional banking regulations and requirements; financing and security of financial transactions (letters of credit, bank guarantees, promissory notes, etc.).

Due to the liberalization of Bulgaria’s financial legislation, Penev LLP has developed substantial experience providing legal advice to both foreign financial companies and banking institutions, as well as to the Bulgarian Office of Tax Administration. Our Banking&Finance practice includes all main fields of expertise. Penev LLP advises and provides representation on a project by project basis to a variety of investments banks and their clients in relation to their activities on the Bulgarian market. Among our clients are ABN Ambro, EBRD, HSBC, Deutsche Bank London, Societe Generale etc. The firm has actively participated in the voucher privatisation process, advising both foreign and local clients in their respective transactions.