Yavor Markov
Senior Associate
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
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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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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 […]
- 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 […]
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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 […]
- Family and Children
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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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The Principle of Proportionality in Regulatory Matters
In the following, we briefly outline the interplay between the legal principle of proportionality and the EU Charter of Fundamental Rights (‘Charter’). The principle of proportionality plays a crucial role in regulatory matters by ensuring that legislative and administrative actions do not exceed what is necessary to achieve their objectives. The Charter, on the other […]
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The GDPR Requirement for Maintaining Records of Processing Activities
The General Data Protection Regulation (GDPR) transformed the data protection landscape by introducing extensive and detailed obligations on personal data controllers. These requirements reflect the level of risk associated with processing personal data, the number of individuals with access, the volume and sensitivity of the data involved, and related considerations. Given these nuanced criteria, determining […]
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Registration of Variable Capital Companies in Bulgaria Now Possible
After a long anticipation, the Bulgarian Company Registry surprisingly announced on a Sunday – 15 December 2024 – that it is now possible to register variable capital companies (VCC). The news comes significantly in advance of the new statutory deadline of 31 March 2025 given to the Registry after it failed to comply with the […]
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Tax Treatment of Interest-Free Loans Between Related Parties
Interest-free loans between related parties are common practice in the corporate world, but they carry specific tax risks and requirements regulated by the Corporate Income Tax Act 2007 (CITA). In this context, it is crucial for companies to understand and comply with the tax rules to avoid penalties and adverse consequences. Definition and scope of […]
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The Right of First Refusal in Bulgarian corporate law
A Right of First Refusal (ROFR) gives existing shareholders or a company the first opportunity to purchase shares or assets before the owner can sell them to a third party and prohibits the seller from subsequently selling the asset to a third party on better terms than those offered to existing shareholders. Such rights are […]
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Bulgaria’s inadequate Hague Convention compliance – returns of internationally abducted children – case before the European Court of Human Rights
In a case in which NBLO acted for the applicant and against the Bulgarian Government, the European Court of Human Rights (ECtHR) recently handed down its judgement concerning a refusal to return an internationally abducted child. The applicant, whose child was abducted by the child’s mother, had duly applied to the Bulgarian courts pursuant to […]
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New Bulgarian Act Implements EU Sanctions on Russian Oil and Petroleum Products
Diverse and swingeing international and EU sanctions have been imposed on Russia for its actions in Ukraine by a range of Western countries. Initially sanctioning Russia more mildly in 2014, the EU added new sanctions in 2022 and 2023. Bulgaria has generally participated in and applied EU sanctions against Russia keenly, but has been doing […]
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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 […]
