Tanya Todorova
Associate
Tanya has wide practice in insolvency proceedings, providing procedural representation in court and participating in significant lawsuits with a total material interest exceeding several hundred million leva, basis for establishing case law.
Tanya has more than 6 years of extensive experience in providing legal advice and representation in the areas of insolvency, corporate and commercial law, banking and finance, contract law, real estate matters. Tanya’s expertise also includes credit financing and compliance with anti-money laundering regulations.
Tanya has been responsible for managing and implementation of legal and regulatory risks in the application of the various laws relevant to banking institutions. Under her guidance, a comprehensive methodology ensures compliance with multiple legal requirements and she has authored rules to guide entire projects and facilitate the sale of assets of different material value, the largest of which exceeds the amount of 18 million leva.
Qualifications: Veliko Tarnovo University, LL.M.
Languages Spoken: Bulgarian and English
Office Location: Sofia
- Real Estate
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Real Estate Litigation
Bulgarian real estate boomed in 2004-2008 and again (in a smaller wave) around investment in renewables benefitting from FiT-subsidies in 2008-10. These booms created their mirror waves of real-estate litigation and NBLO’s practice since its creation in 2005 has been very much bound up with property dispute representation. We have advised a variety of international […]
- Tax
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Corporate Tax
Tax policies and corporate tax regulations are always of strategic importance to our clients in conducting their business and investment. Tax is a major concern for all businesses and individuals. There are tax related aspects in each transaction and business venture, both at the stage of its structuring and set-up, as well as in the […]
- Insolvency and Restructuring
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How to Open a Bank Account in Bulgaria as a Foreign Business
In this article, we provide an overview of the criterion that overseas incorporated businesses must generally fulfil in order to open a bank account in Bulgaria. We have restricted our analysis to organisations that are structured as companies or corporations in their home jurisdiction. Although Bulgarian law tends to recognise the legal forms of other […]
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Bulgaria Introduces Personal Bankruptcy Act to Give Honest Debtors a Fresh Start
In mid-2025, Bulgaria took a decisive step by adopting the Personal Bankruptcy Act (the “Act”). This long-debated piece of legislation, also referred to as “personal insolvency,” is designed to give a fresh start to honest citizens trapped in debt. Who can avail themselves of the legislation? The Personal Bankruptcy Act applies to individuals who are […]
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Property Sale via Power of Attorney in Turkey: Legal Framework and Key Requirements
While the Bulgarian real estate market is experiencing unprecedented growth, neighboring countries such as Turkey are also developing their own real estate sectors at a comparable pace. Istanbul is one of those cities where property transactions occur frequently, and property values fluctuate continuously due to the city’s vast size. However, one constant remains: the strict […]
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Late Payment of VAT under Bulgarian and EU Law: Can It Be Treated as a Minor Violation?
In principle, failure to pay Value Added Tax (“VAT”) within the statutory deadline exposes the taxpayer to potential sanctions under Bulgarian law. However, in certain circumstances — particularly when any possible harm to the public budget has been swiftly remedied—this breach of the law may be deemed as minor violation. The following analysis examines both […]
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Battery Energy Storage Systems: Bulgaria’s Legal Framework & Incentives
Explore Bulgaria’s battery energy storage system (BESS) regulations, financial incentives and compliance with EU directives. Learn why Bulgaria is a growing market for energy storage investments. With the increasing penetration of renewable energy in the energy source mix across global markets, the volatile supply of sources of renewable energy such as solar and wind, the […]
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Advantages of a Bulgarian Variable Capital Company
Our previous articleThe Bulgarian Variable Capital Company provided a detailed explanation of the newly established form of company in Bulgaria, the Variable Capital Company (VCC), and how it differs from existing business forms (known by their Bulgarian abbreviations CD, KD, OOD, AD and KDA). This article will explore the various advantages that the VCC offers to […]
