The Legal 500

Legal Developments in Bulgaria

• European order for payment

  The European Union aims to create, maintain and develop an area of freedom, security and justice in which the free movement of persons is guaranteed. In order to achieve this objective and in order to ensure the proper functioning of the internal market, the Union provides the adoption of measures in various fields, one of which is the field of judicial cooperation and civil matters having cross-border implications.
  - Murgova & Partners Attorneys at Law

• The challenges of inheriting shares in a limited liability company in Bulgaria

  75 % of the small to mid-size companies in Bulgaria are owned by families and their development has a significant role in defining the economy of the country. In the EU, family owned businesses represent more than 60% of all registered companies and ensure over 40% of the overall employment.
  - Murgova & Partners Attorneys at Law

• GDPR - Where did that come from?

  Owing to our hard work on matters, related to the GDPR by assisting our clients with regard to the new policies required, we thought it would be interesting to highlight the ideas and grounds, hidden behind the new data protection requirement. Lately we've been working for companies, striving to become compliant with the new Regulation, which already entered into force on 25 th of May 2018. The article draws attention to the relevant consecutive ongoings, which describe the necessity of a regulation, containing the best principles from the previous ones on the one hand, and guaranteeing adequate level of protection on the other.
  - Murgova & Partners Attorneys at Law

• 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.
  - Penkov, Markov & Partners

• Violation of Inheritance Rights over Shares in Limited Liability Companies

   
  - Penkov, Markov & Partners

• Legal Significance of Entries into the Book of Shareholders

   
  - Penkov, Markov & Partners

• Freight Forwarder’s Liability for Cargo Lost by Carrier

   
  - Penkov, Markov & Partners

• 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.
  - Penkov, Markov & Partners

• 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).
  - Penkov, Markov & Partners

• 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.
  - Penkov, Markov & Partners