Should a contemplated transaction satisfy the criteria discussed at Part 1, the mandatory merger control would apply and the responsible party or parties must file a notification with the CPC.

Company Formation in Bulgaria* Bulgarian companies can avail of the lowest corporate tax rate in Europe at just 10%* ...

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...

The party seeking the recognition and enforcement of a judgement rendered by a foreign court ("FCJ"), including in cases where the jurisdiction of such foreign court is based on the contractual choice by the parties to an agreement, is required to apply for the recognition and enforcement of the FCJ before the Sofia City Court ("SCC").

Effective as of the end of September 2016, Bulgarian traders of energy products must comply with market abuse prevention requirements.

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.

When you consider an investment in Bulgaria or exiting an existing investment (either an entity, a business as a going concern or a part of it, or an income generating asset) you would diligently check...

From 1 January 2020, the Bulgarian Commission for the Protection of Competition (the "CPC") has been applying new merger filing guidelines (the "Guidelines").

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...

The means of obtaining information on a person’s creditworthiness were broadened in 2011 by launching a pending execution proceedings register kept by the Bulgarian Private Bailiffs Chamber.

16 April 2020 – The COVID-19 outbreak has severely affected almost all companies in Bulgaria. While some have been directly impacted by coronavirus infection (e.g., employees becoming sick)

The minimum share capital requirement for establishing a limited liability company in Bulgaria has been practically abandoned.

On 14.07.2023 the National Assembly of Bulgaria adopted new amendments to the Measures against Money Laundering Act (MAMLA), which aim to achieve compliance with the Directive 2018/843 of the European Parliament and of the Council of 30 May 2018.

The practice adopted by some banks in EU member states to structure financial collateral pledges as floating charges may result in invalidation of the pledges.

In Part 1 we discussed the criteria for the applicability of the merger control and in Part 2 the procedure and the relevant practice of the Bulgarian competition authority.

Absent adequate protection by law, the company's corporate documents must provide additional comfort and prevent abusive self-dealing.

Hardly anyone could argue against the constantly increasing importance of IP to companies. IP not only affects the business models of companies but also brings additional value to the table...

The rapid spread of the COVID-19 pandemic is causing a severe impact on everyone's daily life, and is putting considerable strain on the economy as a result of the new challenges stemming from...

Environmental, Social, and Governance (ESG) reporting has evolved from a corporate trend into a regulatory requirement and a key factor for sustainable business growth.

The Corporate Sustainability Reporting Directive, Directive (EU) 2022/2464 (CSRD) is part of the European Union's efforts to enhance the scope and quality of sustainability reporting among companies.