On 24.03.2023, the Bulgarian Ministry of Agriculture published for public discussion a draft of the Ordinance on the Central Registry for Food Traceability, which provides for additional administrative duties for all administrative bodies and traders on the food market. The
On April 20, 2023, the European Parliament voted in favor of adopting the European Commission’s Proposal for Regulation on Markets in Crypto-assets – https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52020PC0593. With this, the procedure for the adoption of the regulation is complete, with the approval by
Any foreign legal entity authorized to carry on business under its own national law can open a commercial representative office in Bulgaria. Such commercial representative office must be listed in the Unified Trade Register of the Bulgarian Chamber for Commerce
An amendment to the Value Added Tax Act came into effect as of January 1st, 2023, allowing for a reduction of VAT and the tax base in the event of a total or partial non-payment for a taxable supply the
A number of rulings passed by the Supreme Court of Cassation (SCC) between 2007and 2014 proceed, in no uncertain terms, from the premise that a parking space is not a separate, stand-alone object of ownership rights, which complicates transactions involving
On 25.01.2023 in the Bulgarian State Gazette were promulgated amendments to the Foreigners in the Republic of Bulgaria Act (FRBA) and the Labour Migration and Labour Mobility Act (LMLMA). The amendments are aimed at significantly streamlining EU Blue Card issuance
The COVID-19 pandemic of 2020 and the globally increasing inflation exacerbate the challenges facing businesses and the frequency of insolvencies leading to an ever larger number of bankruptcy proceedings. These facts provide an incentive for the contractual party in good
Non-profit legal entities (NPLEs) listed in the records offices of district courts of justice were required to file for re-registration with the Commercial Register and Register of Non-Profit Legal Entities (CRRNPLE) administered by the Registry Agency by December 31st, 2022.
The Ministry of Energy announced a public discussion on the procedure for supporting renewable energy for households including with construction of photovoltaic systems, pursuant to the National Recovery and Resilience Plan of the Republic of Bulgaria. The tentative date for
In reference to a suit brought against a German insurer represented by Dobrev and Lyutzkanov Attorneys-at-Law, seeking compensation for non-material damages from death of a loved one which occurred in a road traffic accident on German territory, on December 15th,
