News & Analysis
The Variable Capital Company – how the legislator responded to the challenges and needs of Bulgarian innovative and startup business
With the adopted amendments to the Commercial Law, our legislator has introduced a completely new type of company in our country - the Variable Capital Company (VCC). The need for this new type of commercial company was dictated by the fact that our previous...
Price update clause or how traders could protect themselves from drastic changes in market conditions
“The builders shall cease the sales of property before it is finished”, “Due to the rising prices, advanced sales of property ceases”, “Shock for the property market! Advanced deals cease”…
Appeal of acts of the Head of Managing Authority
Within the framework of the granting of assistance procedure through selection appointed by the Head of Managing Authority (MA), the commission assesses…
Protection of the Debtor after the Latest Amendments to the CPC or Are We Witnessing the End of the Favored Position of Banks within Ordinance Proceedings
With the promulgated in the State Gazette (SG) no. 86 of October 27, 2017 recent amendments to the Civil Procedural Code (CPC), accompanied by a broad media response and confronted with controversial views in the legal environment…
Municipalities Liability for Damage Caused by Stray Dogs
According to the Constitution Bulgaria is a unitary state with local self-government. The main regional administrative unit is the municipality…
“Distant Selling” and “Off-premises Contract” Consumer Rights
Both European and Bulgarian Law recognize different types of legal subjects that benefit from additional legal protection…
Privileges amongst creditors
Enforcement agents often make a mistake with the application of Art.136 Obligations and Contracts Act (OCA) governing the privileges in cases of more than one creditor…
Real Estate Rental Agreement. Registration. Registration Opposability to Subsequent Buyers
The rental agreement and in particular the one on real estate is legally regulated by the Contracts and Obligations Act (COA)…
PPA and PIFA – or how an unscrupulous debtor could easily frustrate the satisfaction of his creditors
The Special Pledges Act (PPA) and the Financial Collateral Contracts Act (PTA) have the characteristics of special laws…
Legal aspects of financial instruments
With the rapid development of high technology and modern means of communication and exchange of information…