Yavor joined NBLO in 2019 and his main interests lie in corporate, competition and EU law.

With a background in European law and experience in studying and working in Germany and the Netherlands, Yavor is well-suited to provide a true cross-border perspective on our clients’ cases. Before joining NBLO, he worked in the Bulgarian central bank and was also a trainee at the ECB.

Yavor is also familiar with the private sector, where he used to work for a commercial bank and another well-known Bulgarian law firm.

Qualifications: Sofia University, LL.M. (2013); Radboud University Nijmegen - LL.M. in European Law (2015)

Languages Spoken: Bulgarian, English and German

Office Location: Sofia

  • 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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  • 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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  • Insolvency and Restructuring
  • 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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  • 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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  • Family and Children
  • 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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  • Voluntary and compulsory psychiatric treatment in Bulgaria

    Since the start of the COVID-19 pandemic, the global prevalence of mental health illness has increased, according to World Health Organization (WHO) studies. The family members of persons with serious mental health illness are often in a difficult position as carers, and because of the impact of their loved ones’ illness on them and on the […]

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  • Obtaining cryptocurrency licences in prominent jurisdictions

    In the following note we review the main requirements for obtaining cryptocurrency licences in some of the jurisdictions of greatest economic interest. These are the USА and some EU Member States, including Bulgaria, which offers a low 10-percent corporate tax rate and a fast evolving business climate and deserves a place among the preferred hubs […]

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  • Challenges of Arbitral Awards and Proceedings for Impartiality

    While the topic of arbitrator bias has attracted some carefully-trained attention internationally, to the best of our knowledge the subject has not been covered extensively or at all in respect of Bulgarian law or indeed of Bulgaria more generally. How a given municipal legal system addresses bias in arbitration can be significant beyond bias’ immediate […]

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  • Amendments to the Public Offering of Securities Act (POSA) relating to the BEAM growth market

    With the latest amendments to the Public Offering of Securities Act (POSA), which entered into force on 1 July 2022, a significant change has been introduced in the BEAM growth market. The original threshold of EUR 3,000,000 (BGN equivalent) for exemption from publishing a prospectus for the public offering of securities, was increased to EUR […]

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  • Bulgarian Parliament Ordered to Pay Damages to a Private Entity

    In a judgment of the Bulgarian Supreme Court of Cassation (SCC), the Bulgarian Parliament was found in breach of EU law. They were ordered to pay BGN 200,000 (approximately EUR 102,000) in damages plus interest to the claimant who was a private entity.  This is particularly noteworthy  as part of a larger trend of democratising […]

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  • Regulation of crowdfunding in Bulgaria for the first time

    Following the  latest amendments to the Public Offering of Securities Act (POSA), which entered into force on 1 July 2022, Bulgaria has been  introduced to the regulation of crowdfunding or, to use the latest legal term, “collective financing”.  A separate title in the POSA is dedicated to this new legal figure. The changes are dictated […]

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  • Amendments to the Common Building Ownership Act

    You may find the upkeep and management of a holiday apartment in a commonly-owned building in Bulgaria challenging, while you live abroad. If, for example, the building were flooded, affecting your apartment in the process, you will have a hard time coordinating with the other owners to have the problem fixed. The law governing the […]

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  • NBLO’s Model Shareholders’ Agreement now available

    NBLO is proud to announce that its team, in collaboration with the Bulgarian Private Equity and Venture Capital Association (BVCA), has created a model Shareholders’ Agreement (SHA) designed to help early-stage companies by providing a user-friendly legal framework to navigate the relationship between founders and investors in early-stage Bulgarian companies. You can now find the […]

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  • The validity of liquidated damages clauses in the UK and Bulgarian jurisdictions

    A liquidated damages clause is a contractual provision requiring a party to pay a genuinely pre-estimated and agreed amount in the event of a specified breach. The purpose is to compensate the injured contract party for the breach.  The inclusion of such a clause has the benefit of saving unnecessary costs and time for determining […]

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  • EU-China Investment Treaty: Possible New Opportunities for Investors?

    Following prolonged negotiations, the EU and China are expected to soon sign the EU-China Comprehensive Agreement on Investment (CAI). This treaty will supersede the existing bilateral investment treaties between China and 26 Member States (all Member States except Ireland). It is expected that the agreement, whose exact provisions are yet confidential, but will be publicly […]

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Yavor Markov

© New Balkans Law Office 2023

The Bulgarian and dual-qualified lawyers of New Balkans Law Office are regulated by the respective Bar of their registration. New Balkans Law Office is a brand name of Legal Services EOOD, a company registered under Bulgarian law. Reg’d No. 202331677. Further details are available here.

© New Balkans Law Office 2023