The criticism of ESG is well known. After all, businesses exist to make money within the limits of the law, not to promote social values.

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...

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

In recent years, the terms "sustainability" and "ESG" have been steadily making their way into the professionally oriented media. But what do they mean and why do they have particular implications...

The EU Corporate Sustainability Reporting Directive (EU) 2022/2464 (the "CSRD") entered into force on 5 January 2023. From that date, the transposition clock has been ticking...

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.