The Legal 500

The mergers (incl. takeovers) and de-mergers (spin-offs and splits) as well as the share transfers and business (going concern) transfers are regulated on a general level by the Commerce Act.

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

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

In Bulgaria inventions are protected through patents and utility models, which must be registered with the Bulgarian Patent Office. The applicable legal act concerning patent and utility models is Bulgarian law on the patents and the registration of utility models (prom. SG. 27/2 apr 1993), which implements the provisions of Directive 2004/48/EC of the European parliament and of the Council of 29 April 2004 on the enforcement of intellectual property rights.

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.

I. General Rules The Bulgarian Public Procurement Act provides for several types of procedures that can be used by the procuring entities for the award of public contracts. Those procedures are:

Bulgaria’s legal framework and government policy is structured to actively attract foreign investment capital through a wide variety of incentives. The country is a member of the EU although not of the Eurozone.

Bulgaria by Yordan Naydenov & Nikolay Kolev BOYANOV & CO

OVERVIEW OF M&A ACTIVITY
In the course of 2010 the domestic M&A market was seriously affected by the world financial crisis. The transaction volume was at its levels from 2007.

On 29th September 2011, following a second-reading agreement with the European Parliament, The Council of the European Union approved a compromise text aimed at ensuring that food labels carry essential information in a clear and legible way. 

VOLUNTARY TENDER OFFER TO DELIST A COMPANY. SQUEEZE-OUT AND SELL-OUT. PRICE OF A TENDER OFFER.

by Damian Simeonov, Partner