Where the obligation to transfer copyright in architectural works for purposes of reworking architecture projects or altering finished buildings designed by the architect is ignored, the architect will sustain pecuniary losses in terms of unreceived royalties.
CHANGES IN THE VALUE ADDED TAX ACT AS OF FEBRUARY 18, 2022
On February 18, 2022, a Law Amending and Supplementing the Value Added Tax Act was promulgated, introducing changes in pursuance of provisions of EU directives while ironing out some discrepancies with Directive 2006/112/EC and bringing said Act in line with relevant judgments of the Court of Justice of the European Union (CJEU).
SALE OF ASSETS IN SPECIAL CIRCUMSTANCES DURING INSOLVENCY PROCEEDINGS
In cases where the assets of an insolvent debtor cannot successfully be sold off in accordance with the standard procedure under article 717 et seq. of the Bulgarian Commerce Act (CA), the insolvency proceedings allow the option of liquidation via sale of assets in special circumstances as provided under CA article 718 under decision of the assembly of creditors.
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