Little things make big things happen.
STZ is a boutique law firm focused on specific practice areas, in which our attorneys have in-depth knowledge and experience.
Clients value our partner-led
personalized approach, agile practically oriented advice,
discretion and flexible fee structure.
Insurance is in our blood. Two of the name partners, Irina Stoeva and Peter Zneposki, have been practicing insurance law for more than 25 years and have extensive sector experience and the depth of expertise to meet the evolving needs of the insurance market and its customers.
Our service goes beyond simply advising on the law. Our profound understanding of the commercial context in which insurance company operates really set us apart.
Banking, Capital Markets & Finance
We have an in-depth understanding of the investment industry and also of how regulators think - although we do not always agree with them. Our lawyers have earned a reputation for innovation and quality, advising over the years on a number of market firsts and other landmark transactions in Bulgaria.
The continued work of Iordan Tchompalov and Natalia Yordanova for the Bulgarian securities regulator and their follow-up attorney practice results in a detailed knowledge of the workings of the financial markets, enabling us to bring greater insight to the transactions on which we advise.
Healthcare & Pharma Law
Healthcare providers and pharmaceutical companies across need to deliver services in an increasingly complex landscape of scrutiny by regulators and service users.
Fundamentally any such services need to be safe, whilst also adhering to an array of regulations – both in terms of quality of care and financial viability – in order to protect and promote good care, alongside organizational reputation, within a highly competitive environment.
Corporate, Commercial / M&A
The lawyers at Stoeva Tchompalov & Znepolski combine technical expertise with commercial insight to deliver a full spectrum of bespoke services to clients of all sizes.
Our experience has seen us work with clients that range from start-up businesses through to established public and private companies, foreign multinationals, and their Bulgarian subsidiaries.
Stoeva Tchompalov & Znepolski also advise companies on the vast array of commercial matters which may affect their business. Good service is at the heart of what we do, as is ensuring we have a thorough understanding of your organisation and its objectives.
The increasing workforce mobility, outsourcing and other business developments have added to the complexity of the employment landscape. Getting the right people in the right roles in the right locations, appropriately incentivised and supported, while, at the same time, protecting the organisation and its assets has never been more challenging.
Effective employment advice demands a coordinated response, built on effective communication before, during and after any issue or claim. That’s where we can help: our employment law experts deliver informed, practical and pragmatic advice across the full range of contentious and non-contentious employment issues.
Data Protection & Privacy
The amount of information being held by organisations is increasing exponentially, as is the frequency with which information is transferred between organisations and individuals. Our focus is on providing clear guidance that cuts through the complex regulatory framework and goes further than routine black letter advice.
Data protection and data privacy have never had a higher profile. Today individuals, organisations, and regulators are more and more aware of the importance of ensuring that data is used properly and in accordance with legitimate purposes and that it is held and processed securely. The General Data Protection Regulation (GDPR), with its more stringent rules and increased penalty regime (which may be linked to annual turnover) made the importance of compliance more acute for all organisations.
Administrative Law & Regulatory
In today’s increasingly regulated environment, awareness of regulatory obligations is essential to reduce exposure to risk and preserve commercial reputation.
We recognise that, as well as these external threats, you must comply with money-laundering regulations which can hamper your ability to secure and service new clients. In the critical areas of health and safety, financial services and insurance, transport, the environment, a high level of awareness and preparation is needed to avoid potentially heavy penalties.
E-commerce and Digital marketing
Today’s digitalized world presents attractive opportunities to retailers and big players on the market to advertise and sell their products and services via the Internet. Selling and marketing online presents a few legal challenges as well. Our lawyers are dedicated to help you overcome those challenges in the most effective and professional manner.
Regardless it is a personal or major investment acquisition or disposal, or a leasing relationship matter, you’ll need pragmatic and commercially focused legal advice.
2021 was a record year so far for real estate market in Bulgaria for the last 12 years. There was a 20% increase in the real estate transactions in the third quarter of 2021, when compared with the same quarter of 2020, according to the Bulgarian Registry Agency. The increasingly active real estate market and its stable growth in Bulgaria requires a broad range of legal services covering the entire life of a real estate project – from the title due diligence, negotiating and drafting transaction documents, project finance to exit strategies. Our lawyers will guide you and assist you through the legal process regardless it is related to the acquisition or disposal of property, donation, lease agreement, or real estate finance.
Litigation & Dispute Resolution
We, at Stoeva, Tchompalov & Znepolski, pride ourselves on constantly giving you the litigation advice you really need. Our litigation team is comprised of skilled trial attorneys who have achieved excellent results for clients in trials, arbitrations and appellate proceedings.
We love trying cases and our opponents know we aren’t afraid to take a case to trial. But trials can be expensive and long-lasting, and we view them as only one tool in the dispute resolution toolkit to be used when an acceptable resolution is unattainable by other means. Where possible, we endeavor to resolve the matter through negotiation or by using available alternatives such as arbitration and mediation.
Mere infringement of the GDPR does not give rise to a right to compensation
By its judgment of 4 May 2023 in Case C-300/21 (Österreichische Post), the CJEU clarified that the right to compensation provided for in the General Data Protection Regulation ("GDPR") is subject to three cumulative conditions.read more
De-referencing of inaccurate personal information from online search results is provided by judgement of the EU Court of Justice under case C-460/20
By way of Judgement of the Court of Justice of the European Union (CJEU) dated 08 December 2022 under case C-460/20, it has been held that the individuals are entitled to request de-referencing of the inaccurate information, related to them and published on the Internet, from the online search results.read more
The Supreme Court maintains the required level of proof too high for loss of profit to be awarded in Bulgaria
On 13 January 2023, the Bulgarian Supreme Court of Cassation (“SCC”) issued Interpretative Decision No.3 (the “New Interpretative Decision”) which shows that the SCC continues to adhere to the very high standard of proof for loss of profit it has established a decade ago.read more
Bulgaria: Outsourcing and the Acquired Rights Directive
The Bulgarian court practice on when outsourcing constitutes a transfer of economic entity under the EU Acquired Rights Directive (2001/23/EC) is not aligned with the corresponding case law of the European Court of Justice.read more
Last significant amendments in the administrative-penal proceedings
The Administrative Violations and Sanctions Act, which dates since 1969, was updated at the end of 2021 with the aim of making the completion of the administrative-penal proceedings more effective and to speed up the collection of public state receivables.
What is important to know in case an administrative authority issue an Act for the establishment of an administrative violation?read more
Amendments of the Bulgarian Labour Code, effective as of 1st of August 2022
Amendments of the Bulgarian Labour Code (“LC”) were promulgated on 5th of August 2022 in State Gazette, Issue No 62 with an explicit retroactive effect as of 01st of August 2022. These amendments transpose in our national legislation the requirements of Directive (EU) 2019/1152 on transparent and predictable working conditions in the European Union and of Directive (EU) 2019/1158 on work-life balance for parents and carers and repealing Council Directive 2010/18/EU.read more