The Law on Measures and Actions during the State of Emergency, announced by a decision of the National Assembly as of March 13, 2020, promulgated in the State Gazette, issue 28 of 24.03.2020, introduced extended deadlines for declaring and paying the various types of taxes. The 2019 annual reporting on corporate income tax, expenses tax, […]
At the end of April 2020, the National Assembly of Bulgaria adopted amendments to the Law on the Commercial Register and the Register of Non-Profit Legal Entities (hereinafter only the Law or LCRRNPLE). The amendments to the Law aim on the one hand to reduce the administrative burden for businesses and on the other hand […]
On 1 April 2020 in the State Gazette was published Ordinance № 55 laying down the conditions and procedure for payment of compensation to employers in order to preserve the number of employees in the period of state of emergency, announced by a decision of the National Assembly of 13 March 2020 (hereinafter referred to as Ordinance № 55). Two weeks after the […]
The Law on Measures and Actions during the State of Emergency, promulgated by a decision of the National Assembly on March 13, 2020, introduced amendments to the Labor Code. They are mainly related to the possibility of work from home or performance of tasks from distance during the state of emergency, regardless of the consent […]
As of 13 March 2020, the Bulgarian Parliament enacted the State of Emergency Act and declared a state of national emergency, initially set to last a month and subsequently extended by amendments to the act as of 9 April (“Amended Act”), to end on 13 May 2020. In compliance with the law, the Bulgarian government […]
On 1 April 2020 in the State Gazette was published Ordinance № 55 laying down the conditions and procedure for payment of compensation to employers in order to preserve the number of employees in the period of state of emergency, announced by a decision of the National Assembly of 13 March 2020 (hereinafter referred to […]
Authors Medha Srivastava, Partner and Mehul Arora, Associate INTRODUCTION With the enactment of the Information Technology Act, 2000 (“IT Act”) the legislature introduced the concept of an ‘intermediary’. At the time the IT Act was enacted, the definition of the term intermediary1 was as follows: “Intermediary with respect to any particular electronic message means any person who […]
Foreward by Andrew Chilvers Real Estate across the globe has taken a huge hit by the Covid-19 crisis as businesses and retailers close indefinitely, while customers are locked in their homes. In the US and UK, the ‘brick-and-mortar’ retail sector has been in a sensitive state for some time as people have been deserting the […]
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Apr 14, 2020 The government has introduced a number of measures in order to assist businesses during the current Covid-19 pandemic. Unfortunately, for some businesses, this may not be enough to prevent their business entering some form of insolvency. Businesses and directors need to beware of the pitfalls that they could fall into, as they […]
Apr 21, 2020 By Yavan Brar Managing Partner, Head of Corporate & Commercial Law What is CBILS? CBILS is a new scheme announced by the Chancellor, Rishi Sunak, that facilitates the provision of facilities of up to £5m for smaller businesses across the United Kingdom who are experiencing lost or deferred revenues, resulting in an adverse […]
Authors – Sidhartha Das Managing Associate, Astha Nigam Senior Associate Arbitrator(s) is a private and disinterested person selected and appointed with reference to a mutually agreed procedure of appointment for friendly determination of disputes and differences. Under Section 11(2) of the Arbitration and Conciliation Act, 1996 (“the Act”) parties are free to agree on a procedure […]