Legislative changes were introduced in the Law on Credit Institutions (LCI) in June, which are related to benchmark for the interest rate used by banks under the credit agreements. According to Art. 3 of Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indexes used as benchmarks in […]
Sofia Airport is the largest passengers and cargo airport in Bulgaria. It is currently operated by Letishte Sofia EAD, a joint-stock company wholly owned by the Bulgarian State. As per the recent data published by the Sofia Airport: 6,490,096 passengers in total in 2017 (that is a 60% increase in total passengers’ traffic for the […]
In the context of intended divestments in Bulgaria, we’ve been asked by clients: In a merger control case in Bulgaria what would vendor’s counsel role be, if any at all? In short, normally vendor’s counsel role would be very limited or minor. An efficient and proactive counsel may, however, save costs and reduce the risks associated with the […]
As legal advisers of foreign investors, we sometimes deal with clients’ unfulfilled expectations or negative experiences which occasionally have made reputable foreign companies exit the Bulgarian market or divest of their investments in Bulgaria. To avoid the risks and costs related to terminating a (bad) investment, a foreign investor may want to consider some of […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Liliya Ivanova of Ivanov & Bogleva Law Firm. Liliya has joined IR as our exclusive Foreign Direct Investment member in Bulgaria. Liliya handles a variety of transactions involving general commercial and corporate, M&A, and securities. Liliya’s practice focuses also on employment and […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Liliya Ivanova of Ivanov & Bogleva Law Firm. Stefan has joined IR as our exclusive Foreign Direct Investment member in Bulgaria. With 30 years experience Stefan provides strategic legal counseling to international and local clients from all fields of industry. Stefan also […]
In March this year was adopted the new Measures against Money Laundering Act(MMLA), which was designed to meet fully the requirements laid down in Directive (EC) 2015/849 of the European Parliament and the Council of May 20, 2015 on the prevention of the use of the financial system for the purposes of money laundering or […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Pavel Hristov of Hristov Partners. Pavel has joined IR as our exclusive Mergers & Acquisitions Member in Bulgaria. Pavel is a corporate and competition lawyer and his main areas of practice include general corporate matters, domestic and cross-border mergers and acquisitions, joint […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Yana Karserdareva of Hristov Partners. Yana has joined IR as our exclusive Mergers & Acquisitions Member in Bulgaria. Yana’s core legal practice is related to real estates, commercial transactions, leases, infrastructure and construction projects, including under FIDIC standards. Yana is an expert in the […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Biliana Shagova of Hristov Partners. Biliana has joined IR as our exclusive Mergers & Acquisitions Member in Bulgaria. Biliana is a corporate and commercial lawyer and her main areas of expertise include general commercial and corporate matters, employment and social and health […]
In Bulgarian State Gazette issue № 15 as of 16.02.2018 was published the new Markets in Financial Instruments Act (MFIA). It introduces the requirements of Directive 2014/65 / EU in order to increase transparency, better protect investors, reinforce confidence, address unregulated areas, and ensure that supervisors are granted adequate powers to fulfil their tasks. It […]
The Bulgarian State Gazette as of December 2017 Issue No.5 published amendments to the Law on Credit Institutions (LCI). One of these amendments stipulates that the application for granting a banking license shall contain information about the actual owner of the persons having qualified holding in the applicant bank. This provides greater guarantees of transparency […]