Kamen Shoylev
Managing Partner
Kamen is a Bulgarian advocate and a barrister in England and Wales.
He has a wide experience in transactional, advisory and contentious matters in various sectors and geographic markets, having lived and worked in Russia, Japan and Saudi Arabia as well as Bulgaria and the UK. He is fluent to a native standard in English, and also uses professionally Russian, German, Italian and French.
As a barrister (and in a separate capacity to NBLO), Kamen appears in the High Court of England and Wales and advises or represents in particular on matters with a cross-jurisdictional element.
Kamen is a member of the International Bar Association, Bar European Group, Intellectual Property Institute, the Investment Migration Council, and is a mentor to startup companies through Europe’s largest accelerator, Seedcamp.
Qualifications: Ma. Law — Cambridge University
Languages Spoken: Bulgarian, English, Russian, German, Italian and French
Office Location: London and Sofia
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Citizenship and Immigration
We advise individuals and families planning for their future and their legacy. We understand that immigration can be complex, often stressful and traumatic. With our professional advice and sensitive approach we will guide you through all your options and will help you to achieve the best possible outcome. We aim to accomplish this 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; […]
- Tax
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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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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 […]
- Insolvency and Restructuring
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Startup Desk
Startup Desk now offering NBLO’s Startup Pro Bono Legal Advice Clinic Programme Our 15 years of industry experience have consistently proven the importance of legal due diligence at the early stage of business development. A solid legal foundation is key to long-term business success by: safeguarding against personal liability protecting your ideas and intellectual property […]
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Venture Capital
Bulgaria has become increasingly attractive to venture and technology growth investors. NBLO is proud to have been part of this process from the beginning. We hosted Bulgaria’s first large conference on venture capital in 2010. We have since worked with a number of local and international funds. We are also early members of the Bulgarian […]
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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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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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Investment in a limited liability company as a way to Bulgarian citizenship
In 2013 several investment-related routes were introduced in Bulgarian nationality law. These allow an investor to obtain permanent residence and subsequently apply for Bulgarian citizenship in a privileged manner. Тhe investment of approximately EUR 257,000 in a Bulgarian company may be a relatively low-risk way of becoming an EU citizen. Between 2014 and 2019 approx. […]
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EU FDI Legal Framework as applicable in Bulgaria
The European Union’s foreign direct investment (FDI) landscape shifted significantly with the adoption of the EU FDI Regulation (Regulation) in 2019. This established minimum requirements for Member States on FDI controls, cross-border cooperation in respect of FDI control, and information-sharing among Member States and between them and the European Commission. EU FDI Regulation Overview Sensitive […]
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The Bulgarian Variable Capital Company
The Bulgarian Parliament has adopted long-anticipated changes to the Commerce Act (“CA”), introducing a new type of company – the Bulgarian variable capital company (“VCC”) (this name and abbreviation are also in use for what we understand is a structure with a different purpose in Singapore, intended to be used for funds; this is different […]
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Power Purchase Agreements Explained
A Power Purchase Agreement (PPA) is a legally binding contract that specifies the terms and conditions under which a power plant sells electricity to a buyer over a set period. This article sets out essential aspects of a typical Power Purchase Agreement and goes over its key components and stages, and important terms. Parties to […]
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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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Connecting to the Electrical Grid – Stage 4: Installation of connection equipment and launch
Once the applicant has entered into a Grid Connection Agreement (GCA) with the District Network Operator (DNO) (also known as the District System Operator (DSO)), the DNO issues the design drafts for the installation of the “connection equipment”. Typically in the Bulgarian market, the installation of this equipment is funded by the DNO at its […]
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Connecting to the Electrical Grid – Stage 3: The Grid Connection Agreement
After receiving the DNO’s formal statement and finalising any Preliminary Grid Connection Agreement (PGCA) (where required – see our note on Stage 2), applicants in Bulgaria submit an application pack for a Grid Connection Agreement (GCA). The GCA is the formal contract between the DNO and the project developer / project owner up until the […]
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Connecting to the Electrical Grid – Stage 2: Formal Statement and Preliminary Grid Connection Agreement
After submitting the connection request (for more information, please see our article on the topic of requests), the district network operator (DNO) is required in Bulgaria to issue the applicant with a formal statement. This confirms the planning conditions under which the applicant’s project can be connected to the grid. This statement must be issued […]
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Connecting to the Electrical Grid – Stage 1: The Connection Request
Connecting a project to the grid is crucial to the viability of many photovoltaic (PV) electricity generation projects and consequently for their promoters, developers and others who are interested in a PV project’s success. In Bulgaria, this process can be complex and involves compliance with various laws and regulations. In this series of articles, we […]
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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 […]
