MORATORIUM ON BANK LOAN PAYMENTS. OPPORTUNITIES FOR PRESERVING AND RESTRUCTURING A BUSINESS
To limit the spread of COVID-19, the National Assembly issued a decision declaring a state of emergency in the Republic of Bulgaria from 13 March 2020, and in order to save the economy from collapsing, а moratorium on bank loan payments was adopted.
THE DRAG ALONG CLAUSE IN THE RELATIONSHIPS BETWEEN PARTNERS AND SHAREHOLDERS IN COMPANIES
The drag along clause is an agreement between partners or shareholders in a company, allowing a majority shareholder or partner to force a minority shareholder or partner to transfer, their stock or shares of the company to a third party at the same price and on the same terms and conditions.
PASSENGER RIGHTS IN CASE OF CANCELLED FLIGHTS IN EMERGENCY SITUATIONS
The COVID-19 pandemic has created transport chaos in Europe and airlines have been among the most affected. Many flights have been and continue to be cancelled, and in other cases passengers are cancelling their reservations because of imposed travel bans or because they are unwilling to take unjustified risks.
