Svetlina Kortenska

Senior Counsel

Practice areas

Contact

Svetlina is a Senior Counsel at BOYANOV & Co., where she has been part of the team since 2003. She began her career at the firm as a Senior Associate (2003–2012), was promoted to Counsel (2012–2021), and has served as Senior Counsel since 2021.

Before joining BOYANOV & Co., Svetlina held several senior legal positions in the Bulgarian banking sector, including Deputy Head of the Legal Department at Société Générale Expressbank AD (2001), Chief Counsel at Bank Consolidation Company AD (1997–2001) in charge of the sale of the governmental stake in the five largest Bulgarian banks, and Counsel at the Regional Branch of United Bulgarian Bank AD (1992–1997).

Svetlina is one of the most experienced Bulgarian banking lawyers, with a strong track record in negotiating complex deals in the banking and financial sector. She has extensive expertise in capital markets, non-banking financial institutions, and the implementation of EU financial instruments and programs, including JEREMIE and JESSICA. Her practice also covers financial regulatory matters, data protection, e-commerce, and a broad range of financing and reorganization transactions. Svetlina is a member of the Sofia Bar Association.

EDUCATION:

Faculty of Law, Sofia University St. Kliment Ohridski, MA in Law (1991)
Faculty of International Economy and Politics, University of National and World Economy (Sofia), Master Degree in International Economic Relations (2001)
Université de Lorraine, Centre Européen Universitaire de Nancy (Nancy 2), France – Mention Bien (2013) MA in European Union Law, in cooperation with Sofia University St. Kliment Ohridski – MA in International Relations.

RECENT WORK

advice to Generali in relation to the acquisition of OZOF Doverie and the post-acquisition absorption of OZOF Doverie going concern.
advice to the Association of Global Custodians, USA, Société Générale, Clearstream, EDC and other international clients on banking, finance and insurance regulations and cross-border provisions of services.
advice to Eurobank Bulgaria in relation to a i-MREL Eligible loan facility
advice to the Single Resolution Board of matters related to SPE matters and resolution powers.
advice and representation of The Bank of Nova Scotia in relation to a multi-billion multi-jurisdictional multi-purpose facility to Telus International group of companies
advice and representation before the Bulgarian National Bank of Econt Financial Services, a Bulgarian e-money company, in the process of its licensing, including structuring and drafting of the licensing documentation and application documents
advice to the International Finance Corporation (IFC) on the MREL (minimum requirements on own funds and eligible liabilities) transposition of the revised Bank Recovery and Resolution Directive (BRRD II) in several jurisdictions, including Bulgaria with Clifford Chance.
advice on the cross-border merger, including on the related regulatory authorizations and implications, of UBB Asset Management AD into KBC Asset Management N.V. together with its international counsel DLA Piper
advice and representation before the Bulgarian National Bank of Eurobank in relation to the regulatory approval of the acquisition by Eurobank’s Bulgarian subsidiary of the control over Piraeus subsidiary in Bulgaria and in relation to the re-authorization of the acquisition of control of the new Eurobank SA, Greece following De-merger from Eurobank Ergasias SA
advice and representation before the Bulgarian National Bank of Fairfax Financial Holdings, Canada in relation to the indirect acquisition of qualifying share participation in Eurobank Bulgaria
advice on the licensing procedures in the area of financial and securities regulatory rules (MiFIDI and MiFIDII, MiFIR, Prospectus Regulations, Transparency Directive and Transparency Regulations, Market Abuse Regulation) as well as PSD2, EMID, UCITS and AIF Directive and related regulations
acting as local counsel for the National Bank of Greece together with its international counsel Freshfields Bruckhaus Deringer on the sale of its direct share participations in United Bulgarian Bank and Interlease, as well as in its indirect holdings in insurance, asset management and other Bulgarian subsidiaries and affiliates
advising VÖB-Service GmbH on custody matters under Bulgarian law
advising UniCredit on structured products distribution and securities’ placement in Bulgaria aspects

• advising Credit Suisse Securities on structured products distribution and securities’ placement in Bulgaria aspects

LANGUAGES

Svetlina Kortenska

Senior Counsel

Practice areas

Contact

+359 2 8 055 055

s.kortenska@boyanov.com