In addition, we bring you information from several non-EU countries that have taken inspiration from the Directives and decided to pass national legislative equivalents.

Bulgaria has introduced significant legislative changes in 2026, including new lobbying regulations, enhanced cybersecurity requirements, and EU-wide foreign direct investment reforms. Bulgarian courts have issued important rulings on insolvency criteria, director liability, and non-competition clauses in M&A transactions, while the Supreme Court prepares to address the validity of agreements detrimental to companies.

Labour relations in Bulgaria are governed by the provisions of the Bulgarian Labour Code (hereinafter referred to as the "LC") and various Regulations on its implementation. The LC establishes the minimum standards and requirements that must be observed by either party to a labour agreement.

Despite the 6 July 2024 transposition deadline for the full implementation of the Corporate Sustainability Reporting Directive (CSRD), several jurisdictions...

From its very outset, when the company was established in 1990, immediately after the democratic shift in Bulgaria, the qualifications and long-standing experience of the founding partners...

Seeking to simplify their corporate structure and transform their operations between companies incorporated in different jurisdictions, clients with complex international corporate structures are increasingly taking the opportunity to transform their companies through cross-border mergers.

Over the past months, Bulgaria has adopted and implemented several important legislative changes affecting foreign investment screening, merger control, corporate reorganisations, and company transparency.

February 2025 – We are excited to release the first edition of Kinstellar's Regional 2024 Competition Review and 2025 Outlook: Key insights and trends. This report provides an overview of the latest developments.

The Bulgarian Parliament has recently adopted an Act to amend and supplement the Bulgarian Commercial Act implementing the requirements of Directive (EU) 2019/2121 of the European Parliament...

Taxation

The authority primarily empowered to enforce merger control rules in Bulgaria is the Commission for the Protection of Competition, established in 1991.

Bulgarian law recognises the following types of commercial companies exhaustively listed in the Law on Commerce: (i) general partnership; (ii) limited partnership; (iii)limited liability company or one-person-owned limited liability company, hereinafter referred to as LLC; (iv) joint stock company or one-person-owned joint stock company, hereinafter referred to as JSC; and (v) company limited by shares.

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.

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.

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

Bulgaria has a civil law system which is harmonised with EU law. The main sources of law are:

В 21 век новият и най-скъп актив се очертава да бъдат данните. Дигитализацията на бизне