Gergana Monovska is a Counsel with DGKV. She is member of the Banking & Finance, Capital Markets and Dispute Resolution Practice groups. Gergana has strong track record in transaction and regulatory work in the field of capital markets and banking & finance covering placements of equity securities, corporate and state debt including public offerings and listings, securitizations, derivative transactions, private equity and venture capital investments as well as advising clients on regulatory matters and on navigating through licensing and authorisation processes. In the field of dispute resolution, Gergana has a particular focus on commercial litigation where she has extensive experience representing clients in high profile energy and financial disputes, as well as on international commercial and investment arbitration (including UNCITRAL, ICC, and ICSID arbitrations), insolvency and restructurings.
Involvement in recent representative projects:
- Representing the global mining and metals group companies Mechel International Holdings GmbH and Mechel Carbon AG in a USD 18.8 million registered pledge collection matter against Thermal Power Plant Pleven and Thermal Power Plant Rousse in respect of the sale of the latter to the former, and in the related litigation against the National Electricity Company EAD as a third-party debtor under pledged receivables.
- Representing Bulgarian Mezzanine Partners, a consortium of investment advisors, who were selected in a public procurement bid process awarded by Fund Manager of Financial Instruments in Bulgaria EAD (the fund manager of the Bulgarian Fund of Funds) to manage a mezzanine/growth private equity fund of €38.5 M of public resources from EU structural funds. She advised and acted on the structuring of the fund and the fund manager and in its negotiations with the contracting authority, and represented the fund manager in the successful appeal of a decision of the contracting authority to replace the consortium as contractor.
- Advising and assisting Citigroup Global Markets led consortium of managers on the Bulgarian law aspects of the international placements of Eurobonds issued by the state-owned Bulgarian Energy Holding, namely one issue in 2018 of €400M Eurobonds followed by two tap issues of €150M and €50M Eurobonds listed on Euronext Dublin and dually listed on the Bulgarian Stock Exchange and one issue in 2021 of €600M 2.45 % Eurobonds listed on Euronext Dublin.
- Advising and assisting the Joint Lead Managers J.P. Morgan Securities plc; BNP Paribas, Citigroup Global Markets Limited, UniCredit Bank AG on the Bulgarian law aspects of the update of the Republic of Bulgaria’s Global Medium Term Note Programme (increased from EUR 8 billion to EUR 10 billion in 2020) and the concurrent Republic of Bulgaria’s issuance of EUR 2.5 billion sovereign bonds in 2020.