Publications
Enforcement Client Note
NBLO’s Enforcement Client Note considers all aspects of enforcement in Bulgaria. It discusses the scope of enforcement; its execution (commencement, progress and termination) and its limits. The note examines the subject from the viewpoints of both creditor and debtor. The … Continue reading
Consideration in Real Estate Transactions: Recent Amendments
New provisions (in force from 01/07/2011) were incorporated in the Notaries and Notarial Business Act (NNBA). According to the new paragraph 8 of Article 25, NNBA, when performing legal acts for the creation, transfer, amendment or termination of property rights … Continue reading
Administrative Court makes denials of access to records harder
On 27 June 2011, the Supreme Administrative Court of Bulgaria quashed аs unlawful a Decision of the Data Protection Commission (“the Commission”) dismissing a complaint against the refusal of a Bulgarian hospital to provide medical records. New Balkans Law Office … Continue reading
Bulgarian Sports Legal News
The Act for the Amendment and Supplementation of the Bulgarian Physical Education and Sports Act (PESA), enacted on the 7 December 2010, introduces a new Article 50 (d) (ie, “г” in the Cyrillic alphabet) into the statute it amends. The new provision … Continue reading
Bulgaria legislates away its cash economy instincts
The New Act A new law (the Limits to Cash Payments Act 2011 (“LCPA”)) was enacted on February 22, 2011, and is already in force. LCPA mandates that payments must be made either by bank transfer, or by a deposit … Continue reading
Does your Bulgarian Lawyer have a right of lien over your documents?
In the context of a dispute with a lawyer, which may typically involve opposing claims: a claim against the lawyer for a failure to perform under his contract of services, for professional negligence and/or malpractice and a claim against the … Continue reading
Recent amendments in the Commerce Act restrict eligibility for directorship by directors of insolvent private limited companies and others
Recent amendments (in force since the 15th of February, 2011) in the Bulgarian Commerce Act (“CA”) have created new provisions: arts 21 (3) 3, Art. 57(4) and art. 141(8) 8, CA. These introduce stricter requirements for the eligibility of procurators … Continue reading
Bulgaria to revise its renewables law
The Bulgarian Parliament has started reviewing the Energy from Renewable Sources Act (“ERSA”). Several key amendments, relevant to the photovoltaic solar sector are introduced. We focus on two: the introduction of a fixed FiT level for the life of each Power … Continue reading
Bulgarian Private Equity
This client note gives an overview of the legal framework governing the Bulgarian Private Equity market. It discusses both the current business environment and its legal aspects, from fund structuring, securing debt finances through to exit strategies. To view, please download the PDF. Continue reading
New Balkans Law Office firm brochure
Click to view PDF. Continue reading