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Insolvency & Restructuring Lawyers in Bulgaria

There are a number of possible reasons for an impending bankruptcy or a restructuring and the spectrum of legal remedies in this field is equally wide: employment law, commercial, distressed M&A, company law, property and construction law, insolvency and tax law, to name but a few.

Although your company may be struggling in the face of falling demand, powerful competitors and mounting payment obligations, there are many cases where bankruptcy can be avoided. That is the primary goal of our advisory services: re-alignment, not bankruptcy.

We have many years of experience advising on restructuring and bankruptcy cases. Using this experience, we can guide you safely through all of the stages of restructuring. But even in the case of a bankruptcy, we are of course there to advise and support you. We believe that in such cases, our main responsibilities lie in the flawless preparation of an orderly bankruptcy, in assessing the obligation to file and its justification, in drafting the bankruptcy filing and the restructuring plan, in enforcing the rights of creditors or creditor groups during bankruptcy proceedings or in representation on the creditors' committee as well as in negotiating business continuation agreements with the bankruptcy administrator.

The range of our activities includes designing a socially acceptable redundancy plan, advising on the contractual protection of business partners in case of bankruptcy, advising on the purchase of at-risk companies, on the purchase and sale of distressed assets, on the limitation of liability risks for senior management and supervisory board members as well as on tax-relevant restructuring solutions.

 
Veliko Savov
Veliko Savov
Counsel
Head of TMC Group, Head of Hotels & Leisure Sector Group
Bulgaria, Sofia
Veliko Savov is a counsel in the Corporate practice group of CMS Sofia and head of the TMC practice group and Hotels & Leisure in Bulgaria. Veliko specialises in mergers and acquisitions, cross-border...
Desislava Anastasova
Desislava Anastasova
Senior Associate
Attorney-at-law
Bulgaria, Sofia
During the years of experience, Desislava has gained a significant expertise in the field of insolvency and restructuring, including representation of clients in insolvency proceedings and participation...
Yana Antonova
Yana Antonova
Senior Associate
Bulgaria, Sofia
Yana Antonova is a senior associate in the Litigation, Arbitration, Insurance, Employment team of CMS Sofia, who mainly focuses on dispute resolution. Yana specialises in litigation and alternative dispute...