Vessela Stancheva is a Partner at DGKV, co-heading the Banking & Finance Practice. Vessela has been a member and Deputy-chairperson of the first Securities and Stock Exchanges Commission (now Financial Supervision Commission – the Bulgarian financial regulator) and a lecturer in securities law in the University of National and World Economy, Faculty of Law, Sofia. Vessela has experience in advising financial institutions on various aspects of the regulatory framework in Bulgaria, as well as on regulatory compliance issues. She was involved in a number of high-profile transactions in the banking field and led the team that advised on some of the first bank mergers and privatizations in Bulgaria.
Involvement in recent representative projects:
- Legal advice for a major foreign banking institution on the local law regulatory requirements relevant to various regulated financial and investment products and services offered by the bank and certain other institutions from its corporate group on a cross-border basis to clients in Bulgaria.
- Advised Mastercard Europe SA in relation to the compatibility of its payment systems and payment processing activities with Bulgarian and EU law, business relations with local partners and various initiatives regarding proposals for legislative changes.
- Advising Western Union Financial Services International and subsequently Western Union Payment Services Ireland Limited on banking regulatory matters on an ongoing basis, including in relation to the implementation of the Forth AML Directive and the requirements for the appointment of central contact points in member states of the European Union.
- Advising Euroclear SA/NV Brussels with regard to specific questions on certain aspects of Bulgarian law related to credit and collateral arrangements for secured credit extended to participants in connection with Euroclear System.