Unsecured creditors can no longer request payment from a merging/demerging company of sums that are not due and payable at the time of the merger/demerger.

Today's uncertainties at the European Union's eastern border have left companies questioning the safety of their people and the continuity of their operations in that part of the world.

Today's uncertainties at the European Union's eastern border have left companies questioning the safety of their people and the continuity of their operations in that part of the world.

An amendment to the Bulgarian Trade Register Act has resulted in a greatly reduced wait time for those registering a new entity in the country.

The reporting requirements on company mergers and demergers have been relaxed with effect from 31 December 2010.

The eagerly awaited Variable Capital Company (VCC) was introduced on 1 August 2023 with amendments to the Bulgarian Commercial Act. It blends the limited liability...

Introduction of a clear procedure for startup visas, incentives for Bulgaria to become a destination for digital nomadism, more " scale-up companies " – all these reforms for improving...

In 2022 Schoenherr advised on two green bonds for financing renewable energy projects in Bulgaria with foreign lenders structured as alternative investment funds who may not extend classic loans...

The management may declare before the Commercial Register that the company has been inactive.

A number of laws regulating the establishment, activities and termination of non-profit legal entities in Bulgaria have been reformed. The most important changes are:

Buyers of assets in Bulgaria tendered through privatisation should be aware that there comes an idiosyncratic risk concerning the actual ownership of the assets.

First, changes are introduced in the thresholds determining the persons falling within the scope of §1e of the Additional Provisions of POSA.

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.

Companies now have until 31 December 2011 to re-register with the new Bulgarian Commercial Registry.

Since the beginning of 2010 the Commission for Protection of Competition has issued 25 clearance decisions on notification and five decisions in which it imposed penalties for non-notification and premature implementation of concentrations.

A partnership limited by shares is established by a contract and shares issued for the contributions of limited liability partners.

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

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.

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.