Real Estate and Construction

The strongly dedicated team, led by Victoria Penkova has considerable experience and provides legal advice on construction and infrastructure projects, including such implemented under FIDIC forms of contract.

We provide legal services during all stages of the constriction process – from the start of the tender procedures and commencement of the construction till its completion. The scope of legal services provided by us includes consultations regarding:
• urban planning procedures, issuance of construction permits, appealing of administrative acts, related to the construction process, commissioning of construction works, as well as representation of the clients before the relevant administrative authorities;
• tender procedure during the construction process;
• conclusion and execution of construction, design and construction supervision contracts;
• registration of builders with the Central Register of Professional Builders at the Bulgarian Construction Chamber.

Our particular expertise in legal consultancy on projects, implemented under the FIDIC forms of contract includes:
• consultancy on contracts under FIDIC forms of contract and preparation of Particular Conditions;
• claims for extension of time for completion and payment of costs;
• dispute resolution and representation before arbitration and Dispute Adjudication Boards.

Our experience in the field of real estates includes consultancy on:
• real estate acquisition, including legal and urban planning due diligence, assessment of the manner and the tax aspects of acquisition;
• escrow agreements, representation before banks;
• еstablishing of collaterals in regard to transactions’ financing;
• consultancy of lessors and lessees on commercial, office and industrial premises lease agreements;
• amendments of lease agreements of commercial and office premises, their downsizing restructuring and repurposing;
• drafting of lease/rental agreements, internal rules, service agreements, bank guarantees, handover protocols property management agreements;
• carrying out negotiations in all stages of the lease relations;
• drafting of notifications in case of breach of obligations under the agreements, including undertaking of the necessary actions to cease the non-performance;
• drafting of termination notices, as well as termination agreements;
• drafting of the necessary documents in regard to collection of receivables, including drafting of rescheduling agreements;
• consultancy on contracts for management of shopping centers and retail parks;
• commercial leasing of real estate.