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.

Protection of employees which was given strong support by Bulgarian Parliament led to difficulties in closing M&A transactions.

The majority of the specific additional requirements concern compliance with core GDPR requirements and data processing for employment purposes.

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.

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".

The law governing offers of shares and other securities to the public is to be brought into line with EU law, under proposed changes published by the Council of Ministers on 29 August 2012.

The Supreme Cassation Court of Bulgaria comprehensively expressed its opinion on the substantive legal aspects of the economic adverse change clause.

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.

Recently financial institutions are increasingly interested in obtaining opinions on the enforceability of repurchase transactions and securities lending transactions with Bulgarian counterparties.

In March 2018, the 4th EU Money Laundering Directive was implemented, known as MLD4, which came into force in June 2017. With this Directive,

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.

The upcoming transition to the single European currency in Bulgaria effective January 1, 2026 represents more than a financial transformation. It calls for coordinated legal, accounting...

Bulgaria has introduced a new licensing regime for gambling affiliate operators, requiring separate licences for performance-based promotion of gambling games. The amendments impose strict compliance obligations, substantial government fees, and significant financial penalties for violations, fundamentally changing how affiliate marketing is regulated in the Bulgarian gambling sector.