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Elitsa Ivanova

Head of Banking & Finance

CMS Sofia
Landmark Centre
14 Tzar Osvoboditel Blvd
1000 Sofia
Languages English, Bulgarian

Elitsa Ivanova is a Partner and co-head of Banking and International Finance of CMS Sofia.

Elitsa is a key expert in the CMS Banking and Finance practice in the CEE region with over 11 years of professional experience in the sector. She is a dual qualified Bulgarian and English lawyer who has advised leading financial institutions active in the CEE and CIS on a number of cross-border and multijurisdictional transactions.  Elitsa has a wealth of experience in corporate finance; structured commodities trade finance, project finance and leveraged finance across a spectrum of industry sectors with a particular focus on agribusiness, energy and telecoms.

Elitsa brings in-house experience having been seconded in leading financial institutions in London and Amsterdam. In 2012/2013, she completed a secondment at UniCredit Bank AG, London Branch as part of their CEE Loans Syndication Team and in 2014, another secondment at Deutsche Bank, Amsterdam Branch, working on structured commodities and trade finance transactions as part of their Loan Documentation team. In addition to her international experience, Elitsa knows the local market well and advises on all kinds of transactions and regulatory matters in Bulgaria (financings, restructuring and insolvency, banking regulatory).  

Elitsa is ranked in the Chambers Guide, with clients commenting that "Elitsa was the backbone of the project; she kept things moving forward each day". 

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  • Sofia University St. Kliment Ohridski, Law, LLM (1999 – 2004) In September 2009 – January 2010, she participated in the Building on Talent Programme of IMD, the leading business school in Lausanne, Switzerland.
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In­ter­na­tion­al Cap­it­al Mar­kets Group
Con­tacts Book
ECB an­nounces Bul­gari­an banks sub­ject to com­pre­hens­ive as­sess­ment
The European Cent­ral Bank (ECB) has named six Bul­gari­an banks that will be sub­ject to a com­pre­hens­ive as­sess­ment. Of­fi­cially an­nounced on Novem­ber 12, the as­sess­ment will con­sist of an as­set qual­ity re­view (AQR) and a stress test (ST), and fol­lows a re­quest.
New Bul­gari­an re­forms boost its cap­it­al mar­kets
The Bul­gari­an Cent­ral De­pos­it­ory and the Bul­gari­an Na­tion­al Bank (BNB) re­cently con­cluded three mile­stone pro­jects that aim to de­vel­op and deep­en the nas­cent Bul­gari­an cap­it­al mar­kets. Set­tle­ment of gov­ern­ment se­cur­it­ies at the Cent­ral De­pos­it­oryThe Cent­ral.
Im­port­ant amend­ments to the Bul­gari­an Com­merce Act
We saw im­port­ant amend­ments to the Bul­gari­an Com­merce Act (the “Act”) come to life at the very end of 2016, most not­ably re­gard­ing:  Not­ary cer­ti­fic­a­tions – cur­rently in ef­fect The Act in­tro­duces stricter re­quire­ments re­lat­ing to the form in which cer­tain.
Bul­garia: Amend­ments to BNB Or­din­ance re­gard­ing pay­ment and e-money...
Re­cently, the Bul­gari­an Na­tion­al Bank (“BNB”) ap­proved amend­ments to BNB Or­din­ance No. 16 on the li­cens­ing of pay­ment in­sti­tu­tions, e-money in­sti­tu­tions and op­er­at­ors of pay­ment sys­tems.   The amend­ments were pub­lished in the State Gaz­ette on 2 Septem­ber 2016.