The Bulgarian Parliament has recently adopted an Act to amend and supplement the Bulgarian Commercial Act[1] implementing the requirements of Directive (EU) 2019/2121 of the European Parliament and of the Council of 27 November 2019 amending Directive (EU) 2017/1132 as regards cross-border conversions, mergers and divisions. I. INTRODUCTION OF CROSS-BORDER DIVISIONS 1. […]
Chambers and Partners’s “Technology M&A 2025” guide examines important trends and legal frameworks across various jurisdictions, emphasizing the swift adoption of AI, increasing demands for digital infrastructure, venture capital financing, and regulatory issues. It showcases the growing significance of AI as a valuable asset, the notable rise in investment, and the changing landscape of mergers and acquisitions […]
The Chambers Doing Business In… Guide 2024 is an essential resource for professionals and businesses looking for insights into the legal and regulatory environments of key global markets. This comprehensive guide offers expert commentary and analysis on the business landscape, including important information on investment opportunities, corporate structures, compliance, and sector-specific considerations. Designed to help companies […]
Partner Peter Petrov and associate Adriana Bakalova have authored the Bulgaria chapter in the 2025 edition of Lexology Getting The Deal Through on Merger Control. Lexology Getting The Deal Through provides international expert analysis in key law, practice, and regulation areas for corporate counsel, cross-border legal practitioners, and company directors and officers. In its eighteenth […]
BOYANOV & Co.’s partners Damian Simeonov, Nikolay Zisov, and Stela Sabeva, senior lawyers Svetlina Kortenska, and Georgi Drenski have authored the Bulgaria chapter in the 2025 edition of Lexology Getting The Deal Through on Fintech. The chapter provides expert insights on various topics, including the latest fintech innovations in Bulgaria, government and regulatory support, cross-border […]
Author: Meglena Konstantinova, Senior Associate The Supreme Administrative Court (SAC) ordered the National Revenue Agency (NRA) to repay default interest charged on precisely defined and fully paid advance corporate income tax instalments that were not declared. The court, in a final decision dated 21 March 2024, ruled that a company’s appeal against an act of […]
1. What’s new? On February 22, 2024, Bulgaria, previously one of the few remaining EU countries without foreign direct investment (FDI) controls, introduced a new FDI screening regime in accordance with the EU FDI Screening Regulation 2019/452 (the “EU FDI Screening Regulation”). The Act to Amend and Supplement the Investment Promotion Act (the “FDI Screening […]
This article is available in Bulgarian here. Three years after its launch[1], e-Justice in Bulgaria is still under construction and improvement and has not yet reached its final form. At the end of March 2023, the unified platform of e-Justice – the optimised Unified Portal for e-Justice (UPEJ) – started working. Prior to that, the […]
In the latest issue of CEE Legal Matters magazine, Managing Partner Borislav Boyanov offers an insightful overview of the Central and Eastern European legal landscape. The article addresses the multifaceted challenges and developments in the region, ranging from geopolitical upheavals to rapid digitalization. Borislav Boyanov highlights the resilience and innovative spirit of CEE law firms, […]
Employment contracts can only be terminated on specific grounds listed in the Bulgarian Labor Code. There are over 50 grounds for termination, each with its unique facts, documents, and procedures. Disciplinary dismissal is both a disciplinary sanction and grounds for employer-initiated termination without notice (Art. 330, Para 2, item 6 of the Labor Code). This […]
Why do we need an agent to hold the security in the first place? Taking security is a significant aspect of any secured financing transaction as it reduces the risk taken by the lenders, which allows borrowers to use cheaper financing for their business or transactions. Therefore, taking the right security in the right manner […]
In a showcase of legal expertise, BOYANOV & Co.’s partners have been recognized by Business Today as among the most influential lawyers in Bulgaria across various categories. This acknowledgment highlights the firm’s commitment to excellence. Antitrust: Peter Petrov In the realm of Antitrust, Peter Petrov has been a formidable force, expertly navigating complex competition cases […]
Промените в Наказателния кодекс от август 2023 г. премахнаха изискването за унищожаване на предмети на престъпления срещу интелектуалната собственост. Сега се предлага пиратските и фалшивите стоки да се отнемат само ако принадлежат на дееца. Това противоречи на основната цел на тази защита. В европейското законодателство е установено, че стоки, нарушаващи правата на интелектуална собственост, трябва […]
Partner Peter Petrov and associate Adriana Bakalova have authored the Bulgaria chapter in the 2024 edition of Lexology Getting The Deal Through on Merger Control. Lexology Getting The Deal Through provides international expert analysis in key areas of law, practice, and regulation for corporate counsel, cross-border legal practitioners, and company directors and officers. In its […]
Under the current legislation, mediation as an alternative method of dispute resolution is voluntary. The amendments adopted in the State Gazette, No. 11 of 2023, which enter into force on 1 July 2024, introduced two categories of obligatory mediation in civil and commercial court proceedings: Obligatory court mediation in cases explicitly listed in the Civil […]
In the dynamic world of mergers and acquisitions, staying up to date with the latest trends and developments is crucial for businesses and legal practitioners alike. Chambers & Partners, one of the most esteemed legal directories, has recently released its M&A 2023 Guide. We are proud to announce that BOYANOV & Co. has played a […]
BOYANOV & Co. senior associate Trayan Targov is the expert author for Bulgaria in the latest comparative guide of The Global Legal Post: The New World of Foreign Direct Investment The guide explores how Bulgaria and other key jurisdictions are responding to the erosion of globalization and offer practical advice and guidance on what foreign […]
Business in Bulgaria is experiencing a challenging legal environment in the context of rapidly changing emergency measures dealing with the COVID-19 pandemic. We have prepared a summary of the key legal measures affecting business in the attached BULGARIA COVID-19 TRACKER. It will be updated daily, as necessary. Please check regularly for updates. If you have […]
Partners Damian Simeonov, Nikolay Zisov, and Stela Sabeva, senior counsel Svetlina Kortenska, and senior associate Georgi Drenski have authored the Bulgaria chapter in the 2023 edition of Lexology Getting The Deal Through on Fintech. Lexology Getting The Deal Through provides international expert analysis in key areas of law, practice, and regulation for corporate counsel, cross-border […]
This tenth edition of The Foreign Investment Regulation Review, published in October 2022, provides a comprehensive guide to regulations, policies, and practices governing foreign investment in 20 key international jurisdictions, including Bulgaria. It includes contributions from leading experts around the world and some of the most widely recognised law firms in their respective jurisdictions. The […]