Libra was the first name of a new payment system project initiated by Facebook in partnership with payment, technology, telecommunications, blockchain, venture capital companies and nonprofit organisations...
Read moreOn November 25, the Commission presented an Action Plan to address infringements of intellectual property rights in the EU and a Strategy for the protection and enforcement of intellectual property rights (IPR) in third countries.
Read moreThe Bulgarian public healthcare system has found itself in need of urgent adjustments in order to respond to the immediate demands and needs caused by the COVID-19 pandemic. Bringing public healthcare services to the online space has been a long-awaited process, but...
Read moreDistribution agreements are one of the most common agreements in trade. Usually these are agreements between manufacturer and distributor, wholesaler and retailer, etc. In essence...
Read moreThe territories for long-prospect development are utilised after the exhaustion of potential short-prospect expansions and opportunities for recycling of already urbanised territories.
Read moreThe efficient protection of IP rights in social media has always been a challenge. This is due to several factors, among which is the international character of such platforms and the large amount of information uploaded by the minute.
Read moreDespite numerous changes in the social security legislation in recent months, Bulgarian law remains “silent” when it comes to the specific rights and obligations of employers in relation to the spread of coronavirus…
Read moreOn 20.10.2020, the Bulgarian Constitutional Court ruled on a constitutional case, instituted at the request of the Supreme Bar Council, which seeks to establish the unconstitutionality of certain provisions of the Bank Insolvency Act (BIA) and the Amending and Supplementing Act of the Bank Insolvency Act.
Read moreThe commercial department of the Supreme Court of Cassation (SCC) will rule on some important practical issues regarding entries in the Bulgarian Commercial Register, in relation to which there has been long-standing contradictory case law.
Read moreOn 12 October 2020 the OECD released a proposal, comprising Pillar One and Pillar Two Blueprints for a breakthrough reform in the international tax arena. They represent a structural shift in international tax arena.
Read moreIn recent years, markets in crypto-assets have been continuously evolving. This inevitably created legal gaps and respectively, a need for a sound legal...
Read moreThe globalisation of commercial markets has led to an increased movement and exchange of qualified specialists not only across the EU but also between countries from all around the world.
Read moreEver since Article 37a – abuse of stronger bargaining position, was introduced in the Protection of Competition Act (‘PCA’), all (re)negotiations of commercial contracts have to be reviewed from the perspective of competition law.
Read moreThe deadline for small business clients to choose a supplier on the free market expired on 1 October 2020. However, in case that...
Read moreFollowing the withdrawal of the United Kingdom from the European Union effective as of 1 February 2020, EU law, and in particular the provisions of the EU trade mark Regulation , will cease to be in force on the territory of the United Kingdom.
Read moreThe limited liability company is the most common commercial form in Bulgaria (abbreviation in Bulgarian: “OOD”). Read a summary of the main aspects of the incorporation of a limited liability company in Bulgaria in accordance with the applicable legislation and case law.
Read moreIn mid-July, the Bulgarian parliament adopted amendments to the Public Offering of Securities Act (POSA), thus introducing measures into national law for the implementation of Regulation (EU) 2017/1129.
Read morePrompted by the dynamic development of technologies, the IT sector in Bulgaria has provided the perfect backdrop for multiple deals and strategic moves in the past couple of years. With the main transaction model being for larger, well-established companies to acquire smaller startups, buyers need to consider two key aspects...
Read moreIn the beginning of August, the Council of Ministers approved a draft Act for amendments to the Bulgarian Criminal Code and submitted it to the National Assembly. The principal changes, introduced by the draft, concern intellectual property crimes and in particular - cybercrime.
Read moreThe Bulgarian Constitution defines land as a fundamental national asset, which benefits from particular protection from the state and the society. This determines the peculiarities of the legal regulation of agricultural land, which in principle should be used for agricultural purposes only, although some exceptions do exist.
Read moreRegulated in the Bulgarian Commercial Act, trader stabilisation proceedings seek to help companies overcome financial difficulties and avoid insolvency proceedings.
Read moreAt a Special European Council held in July, EU leaders reached a key agreement on a COVID-19 recovery plan. The European budget for the next seven years was approved, as well as an unprecedented emergency funding instrument - Next Generation EU.
Read moreAt the end of last month, the Bulgarian Supreme Court of Cassation (SCC) ruled on a longstanding issue with regard to inheriting shares in a joint stock company
Read moreOn 23 July, the Bulgarian Parliament adopted the Act on amendment and supplementation of the Gambling Act (AASGA). The AASGA was promulgated in the State Gazette on 29 July 2020 and the amendments entered into force on Monday, 10 August 2020.
Read moreThe European Directive on Administrative Co-operation in the field of taxation (“DAC 6”) entered into force across the European Union as of 1 July 2020. Nevertheless, in light of the COVID-19 pandemic the European Council allowed for a 6 months deferral for filing obligations and exchange of information under the reporting framework.
Read moreIn July 2020, the Bulgarian Supreme Court of Cassation adopted an interpretative decision (№2/2020) on certain legal issues related to insolvency proceedings.
Read moreThere are several important points to consider with regard to the apporoaching deadline (21 August 2020) for adopting internal AML rules.
Read moreThe lack of fixed and sector-specific criteria for approving or rejecting requests under the “right to be forgotten”, motivated the European Data Protection Board (“EDPB”) to adopt guidelines focused on exercising the right before search engines providers
Read moreLandlords in Bulgaria often face a practical problem when a real estate lease agreement is terminated ahead of its term. The issue refers to the inability of deleting the registration of the respective agreement in the registry office, corresponding to the location of the real estate. The topic has become particularly relevant in the current situation of the COVID-19 pandemic.
Read moreOver the last month, the Court of Justice of the European Union (CJEU) has issued several interesting judgements in the field of intellectual property protection in digital media.
Read moreThe COVID-19 pandemic has heavily affected labour relations globally, posing a number of doubts, challenges and issues to both employers and employees. We will look at the legal implications of COVID-19 testing in the workplace, assuming the PCR method as the most commonly used one.
Read moreWhat is the legal regime of AGMs in the context of the COVID-19 pandemic and the associated restrictions on movement.
Read moreWhat are the steps and procedures to be undertaken? Can the company/organisation continue its activity? Is it mandatory to test all employees of the company?
Read moreBusinesses have long been searching for the most optimal way to carry out transactions smoothly. In this context, escrow services have been enjoying a growing popularity over the last decade.
Read moreOne of the most important elements for а healthy business environment and a key prerequisite for economic growth is maintaining effective competition in domestic and national markets.
Read moreAt the end of May this year, a group of MPs introduced a bill for supplements to the Bulgarian Personal Data Protection Act. It attempts to regulate the information circulating on the Internet, both in terms of websites and publications available in blogs, social networks, etc.
Read moreHealthcare and welfare systems across the world have been faced with extraordinary challenges in the past months. In Europe, as numbers of COVID-19 cases were rising, significant restrictions were being imposed to contain the virus. This inevitably led to severe social and economic damage and the urgent need for a consolidated financial response at EU level.
Read moreIn addition to traditional transactions, the acquisition of real estate could be carried out through the establishment of a capital company with capital which is constituted by an in-kind contribution of real estate and subsequent purchase of the shares in this company. The procedure involves...
Read moreThe COVID-19 pandemic has posed serious difficulties for a great number of businesses. To address this extraordinary challenge, countries around the world have introduced various stabilisation and economic support measures.
Read moreVideo conferencing apps have been enjoying particular popularity over the past months and it seems like they are here to stay.
Read moreThe COVID-19 pandemic has severely affected numerous sectors and posed a number of unprecedented challenges to businesses, both from a practical and from a legal standpoint.
Read moreThe deadline for adopting internal rules on money laundering and terrorist financing control and prevention is August 21, 2020 at 24:00h...
Read moreDawn raids are an extremely effective means of gathering evidence by competition authorities when investigating alleged infringements related to prohibited agreements, decisions...
Read moreIn the context of the COVID-19 pandemic, which significantly disturbed economic processes around the world, many businesses had to accelerate the digitalisation process and focus on remote provision of their services.
Read moreWe have put together a back-to-work checklist with some of the basic steps employers should follow when resuming standard work processes...
Read moreMarkets functioning on the basis of free movement of goods, services, persons and capital flows, are currently facing one of the biggest challenges since 1930s...
Read moreWe are facing perhaps the biggest world crisis that today’s tech-driven society has ever seen. The hurricane will pass, but the choices we are making right now could change our lives for the upcoming years...
Read moreThe Open COVID Pledge initiative - good news in times of crisis
Read moreOn 3 April 2020 the Secretariat of the Organisation for...
Read moreThe Amending and Supplementing Act of the Bulgarian State of Emergency Measures Act, adopted on 06.04.2020...
Read moreOn 10 April 2020, the Bulgarian National Bank (‘BNB’) issued a press release that its Governing Board has affirmed the draft Rules for deferral and arrangement of liabilities...
Read moreConditions, business categories, procedure and documentation
Read moreOn 24.03.2020, the State of Emergency Measures Act (SEMA, the Act) was published in the Bulgarian State Gazette. The Act enters into force retroactively...
Read moreDoes intellectual property law have the tools to prevent abuse in times of crisis?
Read moreOn 19 March 2020, the European Commission adopted a Temporary Framework for State aid measures to support the...
Read moreOn March 18, the National Assembly adopted at first reading the Emergency Measures Draft Law. It reproduces much of the already known anti-epidemic measures from the Minister of Health's Order, which imposed the first restrictions on social life…
Read moreDoes the coronavirus outbreak and the declared “State of emergency” amount to a force majeure event? What are the options for financial support for businesses in response to mitigate the...
Read moreThe State of emergency, declared last week by the Bulgarian Parliament, as part of the global effort to halt the spread of COVID-19, and the subsequent Order by the Bulgarian Minister of Health (Order №…
Read moreOn 13 March 2020 Bulgaria declared a state of emergency as part of the global effort to stop the spread of COVID-19. As part of the adopted measures, employers were asked to…
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