09.08.2022 author: Doychin Ivanov, attorney-at-law On 05.08.2022 amendments to the Bulgarian Labor Code were promulgated in the State Gazette no. 62, which concern important elements of employment relations. The changes are effective retroactively, starting from 01.08.2022. 1. Regarding changes to the employment relationship In Art. 66, para. 5 of...
03.07.2021 Author: Doychin Ivanov, attorney-at-law Main stages of the winding-up procedure The purpose of the winding-up procedure is closing – down a company by satisfying all creditors and distribution of remaining company’s property among the shareholders. In the course of the procedure several aspects are treated: commercial relations,...
25.10.2020 Author: Doychin Ivanov, attorney-at-law The establishment and functioning of the EU Common Market provides number of opportunities for businesses from different member states to cooperate and establish relations. In these cases, knowing your Bulgarian partner is important for the building of mutual trust and strengthening your business...
11.04.2020 Author: Doychin Ivanov, attorney-at-law On 10.04.2020, the Bulgarian National Bank published on its website an announcement on the deferred and debt settlement rules (the “Rules”) adopted by the banks in Bulgaria in connection with the crisis caused by the outbreak of COVID-19 (coronavirus). These Rules have...
09.04.2020 Author: Doychin Ivanov, attorney-at-law On 09.04.2020 amendments in the Act on the Measures and Actions during the State of Emergency, introduced under Decision of the National Assembly on 13.03.2020, have been announced in the State Gazette issue 34/2020. (the State of Emergency Act) More information on the initial version of the State...
Options for amendment or termination of commercial contracts 27.03.2020 Author: Tsveta Ivanova – Yonkova, attorney-at-law The COVID – 19 pandemic turned in short terms the whole world upside down, borders were closed, large business sectors worldwide and specifically in Bulgaria ceased working, whereas other business sectors faced the...
The measures during the State of Emergency, declared on 13.03.2020 22.03.2020 Author: Doychin Ivanov, attorney-at-law On 20.03.2020 the Bulgarian Parliament adopted Act on the Measures and Actions During the State of Emergency, Declared by Virtue of a Decision of the National Assembly on 13.03.2020. (the State of...
The employment relationships in times of crisis 21.03.2020 Author: Doychin Ivanov, attorney-at-law On 13.03.2020 due to the COVID-19 outbreak by virtue of a Decision of the Bulgarian National Assembly the members of the parliament introduced State of emergency. Under specific Order of the Health Minister shops, restaurants, gaming halls and other public places, on...