There are not many players on the market that would question Djingov Gouginski & Velichov's (DGKV) status as a top tier firm. However, there have been qualified observations of decreased visibility....
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There are not many players on the market that would question Djingov Gouginski & Velichov's (DGKV) status as a top tier firm. However, there have been qualified observations of decreased visibility. Nevertheless, "Djingov have talented lawyers," according to one partner, adding: "Djingov have history too". The firm is well established and is one of the largest and prominent on the Bulgarian legal landscape.
The firm's core practice area is banking and finance and it has been involved in the largest deal in Bulgaria in 2011 advising Deutsche Bank as arranger with regard to the €265 million financing and refinancing of Ideal Standard Group. Additionally, at €25 million, the firm advised the International Finance Corporation (IFC) with respect to the financing of Stomana Industry, the biggest steel mill in Bulgaria.
The firm also acted for BlueCrest Mercantile III in respect to the bankruptcy and reorganisation of a major copper producing company valued at €23 million. This was one of the few successful reorganisations to have occurred in the country.
The firm is also advising Credit Suisse and UniCredit Bank in the €250 million restructuring and securitisation of the project financing (as a pilot scheme) of NEK EAD, Bulgaria's National Electricity Company. This is tied to the Tsankov Kamak hydropower plant, the biggest hydropower plant and one of the biggest energy projects in Bulgaria. The team also advised GTC with respect to the €50 million project financing of Galleria Bourgas.
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