kaloadmin
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NBLO advises Connect44 on becoming the largest investor in local digital twins business MYX
Connect44 AG, an Anglo-Swiss telecom services leader based in Lucerne with a workforce of 1,000 globally, has closed on its c. €3M investment in the Bulgarian startup MYX AD. As part of the transaction, Connect44 will acquire a significant minority share and it has already become the main external investor in the business. The post-money […]
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Advice and deemed service in a cross-border divorce
NBLO was recently involved in a complex multi-jurisdictional divorce. Our client, a dual national of the US and of Bulgaria, who was currently resident in Bulgaria, sought divorce from his spouse, a Guatemalan citizen. What made this case challenging was the fact that our client’s wife had abruptly left without leaving any contact details and […]
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Employee share/stock options (ESOP) for a digital marketing startup
A client, a high-growth foreign-owned Bulgarian startup recently approached NBLO for advice on the next phase of its growth needs. Our task was to help the client implement an employee share option plan (also known as an ’employee stock option plan’ or ‘ESOP’ in US usage). As a startup keen to incentivise performance in the […]
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How to Open a Bank Account in Bulgaria as a Foreign Business
In this article, we provide an overview of the criterion that overseas incorporated businesses must generally fulfil in order to open a bank account in Bulgaria. We have restricted our analysis to organisations that are structured as companies or corporations in their home jurisdiction. Although Bulgarian law tends to recognise the legal forms of other […]