New Balkans Law Team
Managing Partner
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Bankruptcy and Insolvency Litigation
Sometimes there are unexpected changes in the circumstances of a business and we help in steering businesses through these such as a bankruptcy and insolvency, as well as representing creditors in claims – collectively in the restructuring or where legally available, through individual action. We excel in and are market-leading in litigation in situations in […]
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Business Immigration
We are aware that nowadays doing business is a global adventure and challenge. Bulgaria is a small and open economy, and its labour market benefits from a steady flow of human capital in many directions. Firms and organisations need integrated, prompt and carefully executed solutions to employment and immigration issues when working across borders. NBLO […]
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Employment Litigation and Restrictive Covenants
New Balkans Law Office act for both employers and employees when they expect or find themselves in the middle of an employment-related dispute. Bulgarian employment law was perhaps less affected than other areas by the sweeping modernisation of the 1990s and may be perceived as prescriptive. At the same time modern employment practices and work […]
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Real Estate Litigation
Bulgarian real estate boomed in 2004-2008 and again (in a smaller wave) around investment in renewables benefitting from FiT-subsidies in 2008-10. These booms created their mirror waves of real-estate litigation and NBLO’s practice since its creation in 2005 has been very much bound up with property dispute representation. We have advised a variety of international […]
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Shareholder, corporate, JV and M&A disputes
In the field of corporate disputes, building on the knowledge acquired in venture and seed fund-raising and investing, M&A and general business law, we seek the best outcome for clients. Our experts advise on potential and actual claims from private M&A and joint ventures on issues connected to breaches of SPAs, SHAs, JV As and […]
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Blockchain and Cryptocurrency
NBLO has advised blockchain entrepreneurs since 2016 and remains well connected in the field. Bulgaria is attractive to early-stage firms which appreciate its talent pool, its vibrant tech community and the countries low business, labour and living costs. The overwhelming majority of Bulgaria’s blockchain and cryptocurrency entrepreneurs operate in Sofia which functions as a “sandbox” […]
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Fintech
Bulgaria’s fintech sectors is fast-growing and innovative. Thanks to exceptional talent, domestically founded companies have become globally competitive actors. Our lawyers are highly knowledgeable about the legal challenges of dynamically changing fintech market. Our commercially minded lawyers deliver high-quality advice on how to effectively safeguard your business and profits. We at NBLO offer a number […]
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Corporate and M&A
Overview We see corporate and commercial work and M&A as the core of our practice. We serve a range of international clients in different sectors of the economy and advise on a broad variety of corporate and commercial work. Our lawyers have in-depth knowledge and abundant practical experience of local, as well as international transactions […]
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Corporate Tax
Tax policies and corporate tax regulations are always of strategic importance to our clients in conducting their business and investment. Tax is a major concern for all businesses and individuals. There are tax related aspects in each transaction and business venture, both at the stage of its structuring and set-up, as well as in the […]
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Employment
Range of employment law advice to individuals employed in Bulgaria NBLO’s employment team advises on: dismissals – including the compliance of these with domestic legislation; compliance with national and international legislation and standards; labour discipline, misconduct and discrimination issues; individual and collective dismissals and severance agreements; employee share/stock ownership and bonus plans; employee pension schemes; […]
- Insolvency and Restructuring
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Private Companies
Private companies are the backbone of the economy with a variety of activities aimed at millions of clients. We have abundant experience with Bulgaria and foreign clients active across the world in areas as diverse as online services, gaming, cryptocurrencies, and real estate. We at NBLO regularly assist private company incorporation and provide an all-encompassing […]
- Private Equity
- Real Estate
- Tax
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NBLO assists a new tech-enabled pizza chain to enter the Bulgarian market
NBLO recently advised the founders of a new pizza chain on their entry into the Bulgarian market. The chain is part of a well-established global franchise with more than 900 units internationally. Its particular strength is its technology stack which gives it a razor focus on operational success and on optimising delivering pizza online […]
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NBLO helps UK company utilise Service Supplier Visa
New Balkans Law Office (NBLO) has recently provided extensive legal assistance in a case involving the newly introduced UK visas; more specifically, the Service Supplier Visa, which came into effect in April 2022. Our team was approached by Red Vertex OOD, an established Bulgarian company specialising in architectural visualisations. This company wished to supply services […]
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NBLO helps optimise new Start-up visa in Bulgaria
Since acceding to the EU, Bulgaria has developed its start-up ecosystem, which has now matured considerably. Originally mostly the preserve of locals, over the last 10 years, tech founders from both within and outside Europe have come in to set up in Bulgaria. New Balkans Law Office is committed to an effective legal framework for […]
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Assistance on cross-border succession
Over the last year, we have assisted numerous individual clients with international inheritance situations, where assets were left in EU and non-EU jurisdictions. Where there are valuable assets left by a decedent (whether in the context of a will or without one – so-called intestacy), there often arise complex legal questions and unfortunately at times, […]
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Joint-Venture Agreement in Gaming: the use of Bulgaria as a jurisdiction for the JV vehicle
NBLO advised on a Swedish-Israeli Joint-Venture Agreement entered into through a Bulgarian vehicle. We acted for a successful Swedish team which partners with a well-known Israeli gaming investor. The JV will target Asian markets. NBLO’s lawyers advised on the negotiations between the parties, drafting and execution of an English law governed JVA and ancillary documents; […]
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A public concert as an infringement of trade mark: Boney M
NBLO’s team recently helped the owner of the Boney M trade mark. The mark was registered by one of the members of the well-known 1970s disco band Boney M. On the basis of the registration, cease-and-desist notices were sent in connection with the planning of a concert at the prestigious National Palace of Culture in […]
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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 […]
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NBLO helps organise and is part of ECBA Autumn Conference 2023
We are proud to announce that our Head of AML and Compliance, Maya Ivanova, will be a featured presenter and panellist at the upcoming ECBA Autumn Conference 2023, scheduled to take place in Sofia, Bulgaria on October 6th and 7th. The ECBA Autumn Conference brings legal professionals together from around the world to delve deep […]
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NBLO’s Nevena Bekyarova joins the International Association of Gaming Advisors
One of our partners, Nevena Bekyarova, has recently become a member of the highly-regarded International Association of Gaming Advisors (IAGA). IAGA is a forum which brings together legal counsel, senior executives, financial advisors, regulators, consultants and academics to discuss current issues facing the global gaming industry. Nevena’s expertise advising foreign entities on entering the Bulgarian […]
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The 28th Annual IBA Global Insolvency and Restructuring Conference
The International Bar Association’s highly anticipated 28th Annual IBA Global Insolvency and Restructuring Conference took place in Madrid from May 21st to May 23rd, 2023. We were privileged to have our esteemed Senior Associate, Petro Tyufekchiev, in attendance, representing our firm. Exploring the Dynamics of Restructuring vs. Insolvency This year’s conference offered an exceptional […]
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New Balkans Law Office Attended the 2023 Belgrade Energy Forum
NBLO’s partner Nevena Bekyarova and associate Sylvia Vitlarova recently attended the highly anticipated Belgrade Energy Forum, held in the heart of Serbia on 8 and 9 May 2023. The event provided an exceptional platform for industry professionals to discuss and analyse the current challenges and advancements in the field of renewable energy. Nevena and Sylvia actively […]
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Making connections in the Bulgarian start-up and venture capital ecosystems
As we continue building our extensive network of connections in Bulgaria’s start-up and venture capital ecosystem, we at NBLO are proud to share that some members of our team recently attended several events to showcase and analyse the successful development of Bulgarian and SEE VC ecosystems. We are excited to share Nevena Bekyarova (NBLO […]
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NBLO attended IBA’s 5th European Startup Conference in Dublin, Ireland
Nevena Bekyarova, partner at New Balkans Law Office, attended this year’s International Bar Association 5th European Startup Conference in Dublin, Ireland. The two-day event had a full programme: seminars by entrepreneurs, funders, and the leading lawyers in startup, growth and venture capital law, on blockchain technology for raising capital, Web3 developments, funding, valuation and more; round tables on […]
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The legal framework of sanctions and anti-sanctions: how are they applied in Bulgaria?
New Balkans Law Office is organising a two-part online seminar on the topic of “The legal framework of sanctions and anti-sanctions: how are they applied in Bulgaria?“. The two seminars headlined by attorney Svetoslav Ivanov and barrister Kamen Shoylev (UK-based barrister with extensive experience in both Bulgaria and England), as well as a former agent […]
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NBLO presented the Bulgarian CBI program in Mumbai
Nestor Suarez and Desislava Simeonova, associates at New Balkans Law Office, were invited to the Global Investment Immigration Summit that took place in Mumbai, India on 1st February 2020. As a law firm working in both Bulgaria and the United Kingdom, and specialized in immigration, New Balkans Law Office has accumulated considerable experience in citizenship […]