Penkov, Markov & Partners

Penkov, Markov & Partners are praised for their ‘deep understanding of the regulatory landscape and market dynamics’, which they use to assist banks, credit institutions, insurance companies and investment funds on transactions, project financing and regulatory issues. The team also offers advice and analysis on various novel developments in this sector, including on e-money, fintech and crypto products. Nikolay Cvetanov, whose recent work includes regulatory and product compliance support for crypto and crypto related products, and Ivan Markov, who is well versed in transactions in this area, including related deal structuring and loan agreements, jointly lead the team. Asen Apostolov, who was made partner in April 2024, is also a key contact and handles a range of matters, including on anti-money laundering.