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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Bulgaria > Legal Developments > Finance > Law firm and leading lawyer rankings

Editorial

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 shehab.khurshid@legalease.co.uk

 

The Mergers & Acquisitions Review

December 2011 - Finance. Legal Developments by BOYANOV & CO..

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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.

Payment Made by an Insolvent Debtor - Valid or Not?

August 2011 - Finance. Legal Developments by Penkov, Markov & Partners.

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The economic crisis has brought about an avalanche of bankruptcies of an ever increasing number of small, medium and large commercial entities in all economic sectors. Insolvency, for its part, has evolved and turned from an almost extraordinary ground for suspension of economic activities into a phenomenon competing with the voluntary liquidation of companies.

Restructuring of Foreign Banks and its Effects on Securities Provided in Bulgaria

August 2011 - Finance. Legal Developments by Penkov, Markov & Partners.

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Largely as a manifestation of the freedom of movement of capital across the EU, but also as an effect of globalization and the operation of trans-national companies in need of flexible financing, such financing is relatively frequently obtained centrally by the relevant company. At the same time, its subsidiaries in individual countries also get some access to the financing thus obtained, with their local assets serving as a security or collateral.

BULGARIA: RECENT AMENDMENTS TO LAWS FAVOUR CREDITORS

March 2011 - Finance. Legal Developments by BOYANOV & CO..

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With effect from 1 January 2011 several amendments to the law in Bulgaria were made that aim to enhance the position of secured creditors, in particular in insolvency and avoid certain pitfalls in the rules before that.

The New Legal Framework Related to the Registration of Financial Institutions in Bulgaria

September 2010 - Finance. Legal Developments by Penkov, Markov & Partners.

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After the latest changes in the Bulgarian financial legislation and, in particular, the Credit Institutions Act, and the issuing by the BNB of Ordinance No. 26 of 23 April 2009 on Financial Institutions (the Ordinance), the providers of financial services passed into a more complicated registration regime.

IS IT „SECURE” TO USE A SECURITY TRUSTEE IN BULGARIA?

April 2010 - Finance. Legal Developments by BOYANOV & CO..

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It would be difficult to identify a universally accepted definition of “trust” and “security trustee” although these legal concepts appear to be well-developed in common law systems and are also acknowledged in a few civil law jurisdictions. Probably one of the most recognized and internationally supported definition of “trust” is provided by the Convention on the Law Applicable to Trusts and on their Recognition (the “Trusts Convention”). It refers to the term "trust" as “the legal relationships created - inter vivos or on death - by a person, the settlor, when assets have been placed under the control of a trustee for the benefit of a beneficiary or for a specified purpose”.

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