News & Deals


BOYANOV & Co. Top-ranked in Chambers Europe 2023

BOYANOV & Co. is once again ranked in the highest Band 1 in Banking & Finance, Competition/Antitrust, Intellectual Property, Employment, and Real Estate by the most prestigious legal research guide Chambers and Partners. These rankings reconfirm the firm’s excellence in its services and stable position as the Bulgarian legal champion. A client recognizes our firm […]


Promotions at BOYANOV & Co.

BOYANOV & Co. is pleased to announce the following promotions as of 1 October 2021: Svetlina Kortenska – to Senior Counsel Ralitsa Nedkova – to Principal Associate. Violeta Kirova – to Principal Associate Meglena Konstantinova – to Senior Associate Nedyalka Novakova – to Senior Associate Deyan Terziev – to Senior Associate Trayan Targov – to […]


BOYANOV & Co. Successfully Represented WIZZ AIR in a Challenging Case against the Level of Airport Charges at Sofia Airport

BOYANOV & Co.’s team led by partners Kina Chuturkova and Raina Dimitrova and associate Trayan Targov defended the interests of the European airline Wizz Air in a landmark appeal before the Supreme Administrative Court, involving “unjust discrimination” challenge to the terminal charges set by Sofia Airport. Since 2017, BOYANOV & Co. has been supporting Wizz […]


BOYANOV & Co. Top-Ranked in The Legal 500 EMEA 2020

BOYANOV & Co. continues to lead the legal market in Bulgaria according to the 2020 edition of The Legal 500 EMEA where the firm received the highest Tier 1 ranking in 10 practice areas: Banking, Finance and Capital Markets, Commercial, Corporate and M&A, Dispute Resolution, Energy and Natural Resources, EU and Competition, Healthcare and Life […]


Is COVID-19 a Force Majeure?

Do the COVID-19 outbreak and the measures against it constitute force majeure? The COVID-19 pandemic has a number of negative economic consequences such as suspension or delay of production and supplies, quarantining of entire countries, closure of borders, cancellation of flights, etc. All these factors affect the performance of obligations under multiple commercial transactions and […]


The Chairman of the Bulgarian Association of the Honorary Consuls Borislav Boyanov along with the EU Council President Donald Tusk was awarded by Malta to mark Republic Day

At Republic Day, 13th December 2017, at Grandmaster’s Palace, the President of Malta Marie-Louise Coleiro Preca, on the advice of the Prime Minister, presented National Awards to former ministers, speakers of the parliament and other distinguished members of Maltese society of honor. Three foreigners were made honorary members of the National Order of Merit: Donald […]


BOYANOV & Co. Advised a Major International Corporation Specialised in Commercial Aircraft Leasing

BOYANOV & Co. assisted AWAS in operational lease agreement and related Bulgarian law issues in connection with the operating lease of one aircraft Airbus A330-200 between AWAS as lessor and Bulgarian air operator BH Air Ltd. – as lessee, for a term of 6 years. BOYANOV & Co.’s team on the deal was led by Raina […]


Boyanov & Co. advised the B2B air fare search firm Vayant Travel Technoligies Inc. on attracting Lufthansa as a new investor in it

Vayant Travel Technologies Inc. has been funded since 2007 by a group of private investors and venture capitalists including Neveq and Cape Capital. The new investment is part of Vayant’s development strategy “to intensify its business growth within the airline industry and support airline efforts in view of flexibility and distribution”. Boyanov & Co.’s team […]


Is It „Secure” to Use a Security Trustee in Bulgaria?

The article provides a general overview of the current trends in using the Security Trustee figure and marks the main charachteristics of the Security Trustee in terms of legislative regulation.     Copyright picture:


USD 94,900,000 Secured Lending

We advised and assisted financing parties, inter alia, for the establishment and improvement of security interests for an aircraft with Bulgarian registration and related aircraft lease. These security interests were part of the collateral under the 2008 Aircraft Credit Facility with a value of up to USD 94,900,000. In 2010, with the consent of the […]


Aircraft Finance

For over a decade now lawyers of Borislav Boyanov & Co. author the Bulgarian chapters in Sweet & Maxwell’s  Aircraft Finance and Aircraft Liens and Detention Rights. Due to copyright restrictions we are unable to provide the text of the most recent chapters, however they are available form the publisher through the above link.   […]


USD 1 Billion Aircraft Securitisation

In 2008-2009, Borislav Boyanov & Co. served as a local counsel for a $1bn Aircraft Securitization.     Copyright picture:


Borislav Boyanov & Co. Advises on Aircraft Export

Borislav Boyanov & Co. advised the financing party on the restructuring of the security arrangements related to the export of an aircraft previously acquired by a local ariline operator.  The firm’s team was lead by partner Raina Dimitrova.     Copyright picture:


Aircraft Sale to Bulgarian Airline

Anna Saeva lead Borislav Boyanov & Co. team, acting as local counsel of one of the world’s largest aircraft financing firms in connection with a sale of an aircraft to a Bulgarian commercial airline and its  financing. The advice covered all local aspects of the financing provided, including the setting up/perfection of local security.     Copyright […]


Firm Acts for Creditors in Former Bulgarian National Arilines’ Bankruptcy Proceedings

Following the insolvency of the former Bulgarian national flag carrier Balkan Airilnes, Borislav Boyanov & Co. represents a number of creditors of the airline in its ongoing bankruptcy proceedings. Our clients include Laufer Aviation, Amadeus GTD, ATR France, Air BP Ltd., companies from Total Group, and others.     Copyright picture:


Wizz Air Enter the Bulgarian Market

Borislav Boyanov & Co. advised the leading Central and Eastern European low cost airline Wizz Air on the commencement of its operations in the country via its Hungarian subsidiary Wizz Air Hungary Kft. and on the incorporation of the first low cost air carrier in Bulgaria – Wizz Air Bulgaria Airlines. The firm assisted Wizz Air in its […]