Pencho Stanchev


If lawyers were to be replaced by machines, Pencho would be the prototype. He stands out with an exceptional legal talent, reinforced with versatile knowledge, efficiency, and responsiveness.

''He is very knowledgeable, confident and friendly. He always gives competent answers to our questions in no time.'' – Legal 500

Pencho leads our Energy Practice, his current practice also being focused on dispute resolution and banking law. He represents market players from various industries in complex disputes and commercial lawsuits.

Pencho has been a key member of the team representing a leading electricity distribution service operator before the Court of Justice of the European Union for preliminary ruling on matters related to interpretation of EU Directive 2009/72. This case had significant importance on the electricity market in Bulgaria and could also influence the market in other EU member states.

Pencho has been providing full legal support to Tradenet Varna for developing from scratch a country-wide petrol station retail chain, advising the entire process of establishing a new business in a highly regulated industry, the acquisition of dozens of properties as well as the current commercial activity of the chain.

He has been appointed by the Vienna International Arbitration Centre as an Ambassador of its community network (VIAC CAN) for Bulgaria. Pencho is recognized by Chambers Europe 2023 for his work in he area of energy law.

Work highlights

  • Represented a major European aircraft carrier operator with regard to recognition and enforcement of an ICC arbitral award
  • Advises Alpiq Energy SE on various regulatory matters, including representing the client in the court appeal of an electricity export ban and the insolvency of Bulgarian electricity trader
  • Advises and represents Endress + Hauser Instruments International AG with regard to several disputes with its former Bulgarian commercial agent
  • Represented Astaldi in ICC arbitration regarding FIDIC Yellow Book Contract


  • Pazardzhik Bar Association
  • VIAC Community Ambassador Network (VIAC CAN)
  • VIAC Energy Disputes Committee
  • International Association of Young Lawyers (AIJA)


University of Sofia, Faculty of Law (LL.M.)


  • Bulgarian
  • English
  • German

Awards & accolades

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“Pencho manages the team really well and ensures all your needs are satisfied.” – The Legal 500


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