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After Decree No 318 of 7 October 2022 adopting the Ordinance on the conditions and procedure for issuing, extending and revoking a certificate for a high-tech and/or innovative...

In a significant move to boost Bulgaria's entrepreneurial ecosystem, the government introduced the Variable Capital Company (VCC) through amendments to the Bulgarian Commercial Act in August 2023.

In less than two months, businesses will have the opportunity to start using a new corporate vehicle available in Bulgaria – the variable capital company ("VCC").

The Bulgarian Supreme Court of Cassation ("Supreme Court") has recently issued a decision (No.19, dated 8 August 2019, under commercial case No. 2511/2017) that recognises for the first time the concept of right of first...

Unsurprisingly, the most common M&A transaction structures in Bulgaria are share deals, in which the target company is acquired with all its assets and liabilities, and asset deals, in which individual assets are acquired.

The publication of Annual Financial Statements (AFS) in the trade register is often neglected by Bulgarian trading enterprises.

The investigation was launched following a 2015 Commission sector analysis of the fuel and diesel retail markets.

On 2 January 2017, amendments to the Bulgarian Commerce Act (the "Act") entered into force in Bulgaria.

Not every partnership that starts with the popping of champagne corks but ends in a vicious battle for property and regrets at not having obtained proper legal advice in advance is necessarily a failed marriage.

On 7 November 2024, BOYANOV & Co. with the support of the European Investment Bank organised the international conference "Life-Cycle Challenges of the Start-Ups".

In Bulgaria, dividends are the income shareholders and partners receive based on their participation in the capital of domestic legal entities.

The latest amendments to the Bulgarian Commerce Act are intended to implement the Late Payment Directive.

The amendments became effective as of 4th August 2017.

The new Measures against Money Laundering Act (the "MAMLA") promulgated in the State Gazette, issue 27, dated 27 March 2018, and entered into force on 31 March 2018

As of January 1, 2024, Bulgaria's National Revenue Agency (NRA) has implemented significant changes to the categorization of large and medium-sized taxpayers.

Shell companies have always held a mystique for entrepreneurs, offering a legitimate cover for various financial and business maneuvers. The European Union has been diligently working on regulatory...

The EU Foreign Subsidies Regulation ("FSR") started to apply on 12 July 2023 as another instrument in the EU regulatory toolkit aimed at preventing distortions of competition on the EU internal market.

Bulgarian law requires that the directors of Bulgarian joint-stock companies perform their functions as directors by adhering to the "duty of care" standard of a prudent businessperson and always...