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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or


Why Don’t We Have the Will to Improve the Investment Climate?

All investors, especially those from abroad, when asked about the investment climate in the country indicate a number of factors, besides tax rate, that influence their overall assessment. These factors relate to different areas of business and life in general, but have so far unfortunately gone unnoticed by governments.

Violation of Inheritance Rights over Shares in Limited Liability Companies

It is a well-known fact that the limited liability company (LLC) was ‘invented' by German legislators more than 110 years ago as a harmonious combination of an intuitu perosnae and a shared capital company. As a legal form of incorporation, the LLC best serves the interests of small and medium-sized enterprises (SMEs) and, owing to the flexibility of its model, has grown into the most common form preferred by natural persons who have come together to pursue a common economic activity.




Legal Significance of Entries into the Book of Shareholders

The Book of Shareholders is one of the most important documents in a shareholding company, of great significance for the lawful conduct of business and for protecting shareholders' rights. Despite that fact, the provisions of the Bulgarian Commerce Act governing such an important document for any company are rather scant and utterly insufficient and for more than 20 years since the adoption of CA continue to prompt disputes that on occasion even result in controversial decisions of the Supreme Court (of Cassation).


Freight Forwarder’s Liability for Cargo Lost by Carrier

December 2013 - Transport. Legal Developments by Penkov, Markov & Partners.

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Although the forwarder is by no means a new concept under Bulgarian law and although public relationships in the context of freight forwarding services are largely settled, some regulatory gaps that need filling still exist. These are largely due to ever increasing expectations and requirements on the part of consignors, as well as increasingly fierce market competition - factors that force forwarders to undertake certain commitments at the pre-contractual phase that they are not prepared to fulfil when providing the actual service.


Competition Legislation Imposes New Restrictions on Business

On 14 June 2012, the Ministry of Economy, Energy and Tourism published on its Internet site draft amendments to the Protection of Competition Act and respective reasons.

Protection of Business Transactions in Case of Insolvency

One natural consequence of the economic crisis is the steadily growing number of bankruptcy proceedings. An effective means of protecting the interests of creditors in such proceedings is the introduction of the principle of nullity of transactions concluded during the so-called ‘suspicious period', directly following the initial date of insolvency (or, respectively, over-indebtedness).

Omissions in the energy strategy disturb the investment climate

In a previous article, I asked the question of whether the State is “for” or “against” green energy. The latest amendments to the law of April 10, 2012, as well as subsequent decisions by the State Energy and Water Regulatory Commission (SEWCR) confirmed that the State takes a stand against wind and photovoltaic power generation.

The Council of Europe Prescribes the Adoption of a New Notion of Media...

(Recommendation CM/Rec (2011)7 of the Committee of Ministers to member states on a new notion of media)

Bulgaria - Legislation And Jurisdiction

January 2012 - Corporate & Commercial. Legal Developments by BOYANOV & CO..

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What is the relevant merger control legislation? Is there any pending legislation that would affect or amend the current merger control rules described below?


January 2012 - Employment. Legal Developments by BOYANOV & CO..

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1. General overview

Bulgarian legislation is based on the civil law system. Employment relationships between individuals and employers are regulated predominantly by the Constitution of the Republic of Bulgaria, the international treaties to which the Republic of Bulgaria is a signatory and which have been ratified by the Bulgarian Parliament, domestic legislation including the Bulgarian Labor Code, last amended in October 2011, as well as various special laws and a large number of regulations, collective labor agreements and the internal rules and orders of the employers.

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