In Bulgaria, like in other countries, the convertible loan become an increasingly common instrument to have start-ups financed by an investor who is a party external to the company. The subject-matter of a convertible loan agreement is the lending of funds on condition of repayment or conversion into equity or shares of the borrower at a future date.
The European Commission refers to the public procurement which boosts the sustainable economy as Green Public Procurement (GPP). It is expected that if it is widely spread in Europe, green public procurement will contribute to coping with the challenges related to the climate and the environment, achieving financial savings by public authorities.
THE NEW ABSOLUTE STATUTE OF LIMITATIONS FOR INDIVIDUAL DEBTORS
On 2 June 2021, the absolute statute of limitations for individual debtors who are natural persons entered into force pursuant to the Amending Act to the Obligations and Contracts Act (OCA Amending Act) published in The State Gazette, No. 102 of 1 December 2020.
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