Omourtag Petkov, admitted to practice in New York and Bulgaria, is a Partner at DGKV and one of its key lawyers in the M&A, international contracts, regulatory (IT & outsourcing, FinTech, AgTech, and other industries), and restructuring practice areas. He is also the head of the firm's French Desk. Omourtag has acted as lead local counsel to some of the largest international groups interested in investing in Bulgaria, such as RWE Power AG, ArcelorMittal, Progress Software, and TELUS International, among others. He has also been the lead counsel to numerous international private equity funds and other investors developing or acquiring real estate projects or industrial companies. He provides corporate and regulatory advice on a regular basis to major corporations in Bulgaria. A past Chairman and one of the founders of the British Bulgarian Business Association, Omourtag is currently on the Management Board of the American Chamber of Commerce in Bulgaria and is the Chair of its Rule of Law and Legislative Reforms Committee.
Recent representative projects include:
- Advising ArcelorMittal Limited on its contemplated USD 1.3 billion acquisition of the assets of Kremikovtzi AD, Bulgaria’s largest steel producer.
- Advising Miller Developments Ltd. on its EUR 120 million-plus acquisition of the first pre-leased shopping mall in Varna – the largest real estate deal of this type in 2008 in the region.
- Advising Progress Software on its UD 263.5 million acquisition of Telerik AD, the most successful IT company in Bulgaria – the largest deal for an independent software company in Central and Eastern Europe.
- Advising RWE Power AG on its acquisition of a controlling interest in the largest Bulgarian mining company and the establishment of a joint venture with the state‐owned Maritza Iztok Coal Mines for the production of lignite coal, and another joint venture with the Bulgarian State for the construction of a thermal power plant.