Following the announcement of a state of emergency in Bulgaria on 13 March due to the COVID-19 outbreak, on 23 March the Parliament finally also approved a special law to regulate the...

The COVID-19 outbreak and state of emergency announced in Bulgaria by the National Assembly on 13 March 2020 put most companies in a complex financial situation without warning.

The Moratorium was not self-proclaimed by the Bulgarian Parliament as an overriding mandatory piece of law so the courts discretion in cross-border scenarios has been retained