Petro Tyufekchiev
Senior Associate
Petro is a graduate of the Law Faculty of Sofia University with an excellent academic attainment. He joined NBLO in 2019 and his areas of practice are related to commercial and corporate law, data protection, banking & finance, family law, debt collection and litigation.
Post-qualification and prior to joining NBLO, Petro worked for two years in a fast-paced litigation boutique, where he was responsible for the management of a substantial caseload and a number of paralegal colleagues. Following this, he was a part of the legal team of DSK Bank AD (a large Bulgarian credit institution) where he was responsible for generating internal advice on commercial, corporate and banking law matters. During his professional path, Petro worked for Kaufland Bulgaria where he was a Data Protection Officer and also advised on commercial and corporate legal matters.
Qualifications: Sofia University, LL.M.
Languages Spoken: Bulgarian and English
Office Location: Sofia
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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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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 […]
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Intellectual Property
At NBLO, we understand that maintaining ownership over your brand and safeguarding your innovative ideas, products and solutions are key to the value of a business. We have lawyers specialised in intellectual property matters, able to deliver superb advice and counsel. Our team will guide you to effectively licence and protect your technology assets. We […]
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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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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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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
- Private Equity
- Real Estate
- Tax
- Wills, Probate and Inheritance
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Opening a bank account in Bulgaria in the name of foreign business or organisation
Foreign-Incorporated Business Bank Account Application In this note, we provide an overview of the requirements an overseas-incorporated business must generally meet to open a bank account in Bulgaria. We restrict our analysis to those organisations or businesses which are structured as companies or corporations in their home jurisdiction. Bulgarian law recognises legal forms originating in […]
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Influencer Contracts
Influencer marketing is an attractive marketing option for brands that want to promote their products or services to the influencers’ audiences. When investing in influencer marketing, companies lack the certainty of whether the campaign will be profitable. They are also unsure if the influencer will fulfil the requirements of the campaign. For influencers, agreements to […]
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Influencer and Advertising
Influencers & Advertising is the first in our upcoming series on influencers and the law. Future articles will cover topics such as influencer liability and intellectual property matters. Influencer advertising takes a significant share of advertising spend, especially in sectors such as beauty, luxury and others, but also of general fast-moving consumer goods. The child […]
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Obtaining an online gambling licence in Bulgaria
We detail below certain legal requirements for obtaining an online gambling licence in Bulgaria. Background The Bulgarian Gambling Act 2012 (GA) and its implementing legislation regulate Bulgarian online gambling. Online gambling was first legislated for in 2014. Except for the recent move of regulatory powers from a standalone regulator (the State Gambling Commission) to the […]
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Outsourcing, Digital Projects in Bulgaria – NBLO & LCA Studio Legale webinar
New Balkans Law Office and LCA Studio Legale would like to thank everybody who joined us during our online seminar on the topic of Outsourcing and Digital Projects in Bulgaria. We hope that the perspective offered by the different speakers helped broaden your understanding of the market opportunities Bulgaria can offer to private and […]
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The California Consumer Privacy Act from a European perspective
Introduction The California Consumer Privacy Act (CCPA) is a Californian state statute intended to enhance privacy rights and consumer protection for residents of California. The CCPA was adopted in June 2018 and entered into force on 1 January 2020. Companies offering services in California and in the European Union (EU) must comply with both CCPA […]
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Cord blood banking in Bulgaria: problems of control and continuing insurance
The long-term storage of umbilical cord blood (UCB) has gained traction and is increasingly regarded as a form of partial ‘blood insurance’. It involves the storage of blood present in the umbilical cord at birth and of tissue left over from the umbilical cord and placenta after birth. Such blood and tissue tend to contain […]
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Company incorporation in Bulgaria
In common with other EU Member States and Central and Eastern European economies, Bulgaria has a fairly simple and straightforward process for company incorporation. It is a strategic place for international business ventures which is in the upper third globally for ease of doing business. As an EU Member State, it offers financial, monetary and […]
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The Coronavirus Outbreak: Employment Issues
The 2019-2020 pandemic of novel coronavirus disease (Covid-19) caused by the SARS-CoV-2 virus is a material risk to human health – directly to vulnerable groups and indirectly, via the overwhelming effects it risks having on healthcare systems. The epidemic and the necessary responses to it are also a material risk to the economy and to […]
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Explanation of the Process of Enforcement Through a Public Sale of an Asset (Land)
The first step in the process of enforcement through a public sale is to prepare an accurate description of the asset to be sold. This is handled by the bailiff, a public official acting either for their own account or as a government employee. The next step is to set an initial reserve price. To […]
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Outsourcing and Digital Projects Development in Bulgaria
New Balkans Law Office (Sofia, Bulgaria) and our colleagues at LCA Studio Legale (Milano, Italy) have the pleasure to invite you to an online seminar on the topic of Outsourcing and Digital Projects Development in Bulgaria. The seminar will take place on 20 January 2021 between 2 pm – 3:45 pm CET. You can register […]
