Program for Mentoring of Young Lawyers
Following up on our earlier program, we invite young lawyers to sign in for one-to-one video sessions with our partners Pavel Hristov and Dragomir Stefanov. Pavel has more than two decades of experience in private practice, starting as an intern at the Amsterdam office of a Magic Circle firm, through associate at a leading domestic […]
The M&A Market in Bulgaria in Brief
In an interview for the international legal publication CEE Legal Matters, our partner Pavel Hristov shared his thoughts and insights of what is current and what is likely to happen in the near future. In brief, the Bulgarian M&A market is maturing and this is happening on different levels (please read the interview here). Essentially […]
Как се продава успешно бизнес в България
Как се продава успешно бизнес в/от България? Има повече от една рецепта, но всички добри рецепти съдържат тези незаменими съставки: – подготовка – доверие – решителност – усет за време, за момента И в контекста на преобладаващия момент на световния М&А пазар: това, което продава днес е either the superior and sustainable business fundamentals or […]
Earn-Outs in Bulgarian M&A: Drafting, Enforcement and Traps Parties Should Know
Earn-outs are increasingly common in Bulgarian mid-market transactions, yet Bulgarian law provides little guidance on their enforceability or the resolution of earn-out disputes. This article offers insight on these topics. An earn-out is a mechanism providing for contingent additional consideration based on a target’s post-closing performance. In acquisitions of Bulgarian companies across various sectors (but […]
Two Hurdles for Deals in Bulgaria to Have in Mind: FDI Screening and the New Merger Control Call-In Powers
In the second half of 2025 Bulgaria introduced a mandatory FDI screening regime and new call-in powers for its competition authority. For international investors and their counsel, both regimes are now live may affect transactions that would previously have closed without regulatory angle. Until mid-2025, Bulgaria stood out among EU member states for the absence […]
Price Is a Function of Risk. And Risk Can Be Managed.
In M&A, Price Is a Function of Risk. And Risk is Our Playground. A deal is shaped and solidified by many factors and external and internal dynamics. A complex deal ought to be explained in simple terms in order to work. We suggest two reliable and time-tested formulas. Price of asset = Opportunity (expected return) […]
Hristov & Partners Endorsed in The Legal 500 2026 Rankings
The firm is very pleased by our strong performance at the latest rankings of the leading international legal directory Legal 500 2026 edition which placed us consistently among the premier commercial, corporate, M&A and EU/competition law firms in Bulgaria. ‘We value Legal 500 independent research and legal market insights. The annual rankings measure and show […]
Необходима ли е реформа в организацията и дейността на Комисията за защита на конкуренцията?
С оглед на продължителната липса на резултати конкретно в областта на най-сериозните нарушения на конкуренцията, реформа или промени/подобрения са необходими. Имаме предвид, че правилата за устройството, дейността и организационната структура на КЗК следва да се преглеждат и актуализират регулярно с цел подобряване на дейността, упражняване на прaвомощията в пълен обем и отстраняване на пречки и […]
The Time Factor in Dealmaking
A M&A deal dynamics can be simplified and visualised to its three core characteristics. To this effect, it can be shown as a triangle with three variable factors placed in each corner – Asset, Price and Time. The purpose of dealmaking is reaching an agreement on at least those three fundamental aspects. All conditions equal, […]
What will 2026 Bring to M&A in Bulgaria
In an interview for the leading legal publication in Central and Eastern Europe CEE Legal Matters, our partners Pavel Hristov and Dragomir Stefanov shared insights and predictions substantiated by a very active 2025 for our M&A practice. ‘VC funding rounds (seed and Series A and B) attracted some of the leading global players. The Founders […]