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
It is common practice for company managers to be required, either with the contract for management and representation, or with later declarations or agreements, to undertake the obligation not to exercise competitive activity after they no longer occupy their position.
The advancement of technologies leads to increasing application of various algorithms that can develop on the basis of machine learning. Therefore, an issue of special importance is the approach to the regulation of artificial intelligence and its application in various
The general partnership is an arrangement among natural and/or legal persons to pursue a common business objective. When traders take part in the arrangement, the group is called a consortium and it is subject to the provisions of Article 357
The Ministry of Justice has recently announced its intention to propose an amending bill to the Public Procurement Act (PPA) and, more specifically, amendments concerning in-house transactions. The Ministry has set itself the objective to further restrict this option for
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