Concessions, Public - Private Partnership & Privatization


TZVETKOVA AND PARTNERS has extensive experience in the area of concessions and over the years we have represented different Bulgarian and foreign clients in the procedures for granting concessions. Our specialist can advise you at every stage of the concession procedure, including:

  • Legal advice on the implementation of the concession regime in the Republic of Bulgaria
  • Consulting and preparation of all relevant documentation for participation in the concesion procedures
  • Consultations, provision of written statements, preparation of necessary documentation
  • Representation of clients in different stages of concesion agreements – application, conclusion, performance, amendment, termination
  • Representation in concession-related disputes

Public-private partnerships 

Although the market in public private partnership (PPP) projects in the Bulgaria is at quite an early stage, TZVETKOVA AND PARTNERS has been at the forefront, indeed the leader in this field from the very beginning. With the adoption of the new Law on PUBLIC-PRIVATE PARTNERSHIPS (PPP), which will enter into force on 01.01.2013, the possibility for active involvement of the private business in the development of the state or municipal infrastructure will be greatly enhanced as this law will regulate the hitherto outstanding matter of the public-private partnership. Our team has in-depth knowledge of the newly adopted law which will provide our clients with the unique opportunity to be consulted about the new trends in public-rpivate partnership in Bulgaria before the law officially went into force.

TZVETKOVA AND PARTNERS lawyers act от страна на governments, contractors, suppliers, sponsors and lenders in PPP projects in various fields, including production, roads, hospitals, social housing, schools, tourism, гари, пристанища, police and prison facilities, defence, waste and pollution management. Our services include:

  • Advice on selecting the most appropriate legal form of PPP
  • Legal consultancy assuring compliance and correctness of all legal steps with local and international law.
  • Advice on the preparation and implementation of PPP projects
  • Structuring of PPP projects
  • Drafting and negotiating all equity participation and shareholder documentation and devising appropriate joint venture and holding company structures
  • Drafting and negotiating principal sub contracts; design team appointments; and associated collateral and step-in agreements
  • Participation in negotiations between participants in PPP projects
  • representation in public–private partnership related disputes


TZVETKOVA AND PARTNERS Privatisation Practice advises foreign and local investors on privatisation of companies, real estate and other state assets in Bulgaria. The firm's lawyers offer deep expertise and full-scope service in privatisation projects in Bulgaria. TZVETKOVA AND PARTNERS  offers expertise in all key privatisation areas, including:

  • legal due diligence of enterprises or other assets under privatisation
  • advice on privatisation procedures and possible process scenarios;
  • assistance with preparing bid documentation
  • negotiations with privatisation agencies and governmental/municipal authorities
  • drafting and negotiating privatisation agreements;
  • Structuring and funding of privatization projects
  • advice on post-privatisation business restructuring
  • representation in privatisation-related disputes.