Regulatory

Each market imposes its specific regulatory requirements to the businesses operating within its territory. Over recent decades the regulatory framework in Bulgaria has been changing rapidly: first to reflect the transition to market economy, and subsequently to implement the level playing field of EU requirements.

Currently Bulgarian law is alligned with the law of the EU. This creates a dynamic interaction between uniform rules and rules which are aligned, embody the same principles, but are non-identical.

Businesses need to comply with versatile regulatory requirements in all areas of their operations. We are in a position to help our clients successfully navigate the regulatory hurdles and score well against their competitors because of our profound understanding of local law and practice combined with a knowledge of the EU framework.

Our expertise guarantees comprehensive and first-rate legal advice in all matters of the areas relevant to our clients, including: energy and natural resources, environmental, public procurement, employment and data protection, consumer protection, territorial development, etc.

We can handle a wide range of environmental law issues related to compliance, management and liability, environmental approvals and licences issued by the regulatory authorities; permit transfers; environmental impact assessments, etc.

We provide comprehensive legal services in the area of public procurement, including: providing legal advice to participants in the process of preparation of documentation for taking part in public procurement procedures, legal representation of participants with assignors of such procedures within the respective stages, appeal of public procurement assignor’s decisions with the Competition Protection Commission, appeal of decisions of the Commission with the Supreme Administrative Court, etc.

In an increasingly regulated environment, businesses need to manage their data, in order to manage their reputational and financial risks. We advise on all aspects of compliance with data privacy law.

Recent work:

Železárni Veselí

We have provided full legal support to the establishment and local operations of the Czech-headquartered steel holding company Železárny Veselí. We have acted on behalf of the client on the following major assignments:

  • Incorporating the joint venture structure of four Bulgarian companies in which the Czech investor holds 76% of the share capital
  • Drafting the agreements required for the operation of four photovoltaic power plants with a total capacity of 20 MWp
  • Representing the borrower on the financing of the four Bulgarian companies by a Slovak bank
  • Providing litigation advice on the feasibility of challenging the recently-introduced access fee for photovoltaic power plants in the country.

© New Balkans Law Office 2019