Tocheva & Mandazhieva Law Office

Established in 2004 as a boutique law firm initially focused on advising and representing clients in the financial industry and real estate & construction sector, the T&M Law Office has expanded to offer advice to Bulgarian and foreign corporate clients on all range of Bulgarian legal issues. The T&M Law Office is not among the largest Bulgarian law firms, however, it has been widely recognised and respected for its quality, integrity and business friendly, flexible solutions.

The firm’s list of clients includes major foreign investors such as Tishman in its real estate development and construction projects in Bulgaria, RWE Power AG in the country’s largest energy project for the Belene nuclear power plant, Artio Global Investment Fund, Tradeville SA, etc. At the same time, the firm continues to be a benchmark in offering legal advice in the capital markets/financial services field and to represent a large part of the financial industry players. T&M has been the pioneer in providing the legal framework for many new products on the Bulgarian financial market and advises firms wanting to enter the market for the first time as well as established players.

Our Team

tanaya tocheva

Tanya Tocheva
Partner

encho dinev

Encho Dinev
Partner

Даяна Славева

Dayana Slaveva
Associate

Georgi Traikov

Georgi Traikov
Associate


Nevena Yaneva
Associate


Valeria Nikolova
Associate

Polina Slavova

Polina Slavova
Junior Associate


Stefan Sokolov
Junior Associate

Latest News and Publicatians

Limiting contract liability and liquidated damages

Limiting contract liability and liquidated damages Tanya Tocheva, Attorney at Law at Tocheva and Mandazhieva Law office Its purpose is to provide the parties with a preliminary security regarding the amount of the eventual loss. This question, though seemingly trivial, is inevitably raised in terms of business transactions when the budgeting of the whole transaction is a clear priority. Even though the Bulgarian participants in the turnover are not always willing to spare resources and negotiate on this matter, the foreign investors always bring it up as an important topic for discussion during the negotiations on various
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More clients or less expenses…..

More clients or less expenses: time for making decisions for invesment intermediaries Zhulieta Mandazhieva, Tocheva and Mandazhieva, 19.06.2005 Investment intermediaries have to face some tough decisions after the latest amendments to the Public Offering of Securities Act (POSA) and Regulation No1 regarding the requirements to investment intermediaries (Regulation No1). On the one hand, all such companies will have to be re-licensed and to declare a new line of business both in their statutes and in their general conditions. On the other hand, they will have to find, by September 18, someone with “more than three years of experience
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Labels are speaking

Labels are speaking 25.10.2011, Georgi Traikov, Associate at Tocheva & Mandazhieva Law office Before buying of certain textile product (an official suit, blouse, and trousers) more of the consumers are interested in certain information, related to this product – for example what the product is made from, manner of exploitation, etc. In this regards the offering of such products is related to the respective requirements for the manner and volume of the information provided to the consumer, as the observing of these requirements is subject to control by the Consumer's Protection Commission ("CPC"). Major source of information
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Dual listings, or what should companies expect from two stock exchanges

Dual listings, or what should companies expect from two stock exchanges Zhulieta Mandazhieva, Dnevnik newspaper, 16.06.2010 Oftentimes in 2008, we heard from players on the stock exchange that the Bulgarian market simply does not have enough quality companies. This grievance still holds, to some extent, but what would happen if, instead, Bulgarian companies complain that there is not enough quality stock exchange happening here and start searching for alternatives? During the short bloom of the Bulgarian stock exchange, every company that wanted to throw off the restraints of the family/friendly business model and search for fresh capital from
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Remunerations of managerial and supervisory bodies of public companies

Remunerations of managerial and supervisory bodies of public companies Ivana Bliznakova, Attorney at law at Tocheva and Mandazhieva Law Office In accordance with the adopted by the Financial Supervision Commission Order 48 from 20.03.2013 about the remunerations requirements ("Order 48") the public companies have the task to adopt the Remuneration policy of their management/supervisory authorities up until the 5th of October 2013, as well as to align their remunerations in congruence with it. Although, Order 48 provides for adoption of the Remuneration policy on the regular annual general meeting, the given six-month time limit to align in
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Forcible expropriation of private property for public needs

Forcible expropriation of private property for public needs Dimitar Kaldamukov, Attorney at law at Tocheva and Mandazhieva Law office This can only be done on the basis of the law, provided that these needs cannot be satisfied by other means. Often when the State and the municipalities build sites with national significance it is inevitable to affect private real property. Generally speaking, private property is according to the Constitution inviolable and a basic principle is that the forcible expropriation of property for state and municipal needs can occur only on the basis of a law, under the
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Public Debt

Public Debt Due to legislative omissions and a lack of case law, investors cannot collect their corporate bond receivables Ivana Bliznakova, July 3th, 2010, Capital newspaper Individuals and companies act quite similarly when facing financial woes. Most are punctual and do everything they can to pay their dues; sometimes, though, they are unable or unwilling to do so. That is why banks have different tools to guarantee credits are paid back: collateral, surety, etc. These methods have been established in statutory and case law so that banks can effectively claim their receivables. When it comes to corporate bonds,
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Good intentions, bad achievements

Good intentions, bad achievements Dimitar Kaldamukov, Senior Associate at Tocheva & Mandazhieva Law Office Probably at the core of most legislative initiatives of current National Assembly are good intentions. We believe in this because the other way would defeat the rule of law and the observance of the laws in general. The Act on Economic and Financial Relations ("The Act") , however, shows that good intentions which the elaboration of a normative act has begun with may compensate neither its ambiguous text, nor the results to which the Act leads. In other words, it is desirable that laws
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