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
The successful transformation of the economy of the European Union towards a sustainable future, which underlies the European Green Deal, builds on a number of pillars and has an impact on practically all spheres of the EU economy and policies.
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
This article outlines some specific legal aspects of the right to build (superficies) and the related legal solutions in accordance with the existing legislation and the case law. As the topic is very broad, this article can cover only some
On 12 March 2021, the Amending Act to the Foreign Nationals in the Republic of Bulgaria Act (“the Foreign Nationals Act” or FNA) and the Amending Act to the Bulgarian Citizenship Act were promulgated in The State Gazette, introducing changes
The Civil Procedure Code (CPC) provides remedies for legal persons and natural persons who have suffered damages due to wrongfully-issued interim injunctions. This article covers the claims for damages resulting from such injunctive measures which are allowed in proceedings intended
The COVID-19 pandemic has brought up the need for parties to seek various legal options for the extinguishment of contractual relations which have already been entered in. A contract may be terminated on various legal grounds, typically due to performance
The preliminary ruling procedure provides a mechanism for interaction between the national courts of Member States and the Court of Justice of the European Union (“the Court”), which is designed to ensure the uniform interpretation and application of the EU
The General Data Protection Regulation (GDPR) envisages serious sanctions for personal data breaches. However, rules are different, depending on the function of the person in the personal data processing, i.e. whether the person determines the purposes and means of this
The opportunity for legal entities to claim compensation for non-pecuniary damages successfully, under the Bulgarian Obligations and Contracts Act (OCA), has not been subject of discussion for a long time (over 50 years). The jurisprudence and court practice unanimously held
