Category: News

Increase of the minimum wage and social security income for 2020

Salaries for January 2020 should correspond with the increased amount of the minimum monthly salary, determined by the Decree of the Council of Ministers No350 of 19.12.2019, amounting to 610 BGN for a normal working time of 8 hours per 5-day work week. The minimum monthly salary is the basic salary and its amount is […]

The role of advocacy for rule of law in democratic society

Georgi G. Popov, the Managing Partner of Georgi Popov & Co., participated in the international conference on the role of advocacy for rule of law in democratic society, held in Sofia on the 21-22 November 2019 by the Sofia Bar Council together with the Bulgarian Supreme Bar Council and the Rule of Law Institute of […]

Bearer shares to be transformed in registered shares until 23 July 2019

The change affects the joint stock companies and their shareholders, as well as the creditors with collateral or injunction on bearer shares. In less than two months the joint-stock companies registered in Bulgaria are to comply with the amendment of the Commercial Law of 23 October 2019, which revokes the option to structure the capital […]

New money laundering prevention rules: By 31 May 2019 companies are to declare their beneficial owners

According to the new Money Laundering Prevention Law of 2018 certain legal entities, registered in Bulgaria, are required to declare their beneficial owner (i.e. the physical person who ultimately owns the company’s shares). The declaration is to be made not later than 31 May 2019 with the Trade Register, the NGO Register and the BULSTAT […]

ACQUISITION OF A BUILDING IN PUBLIC AUCTION OF A PLOT:

When a plot is sold on a public auction and there is a building in it, the latter is deemed sold along with the plot only when explicitly enlisted in the assignment decree according to the interpretative decision of the Supreme Court of Cassation issued in May 2017 On 18 May 2017, the Supreme Court […]

The employer’s obligation to provide food and beverages. Is an alternative compensation allowed?

Our labour law expert Anna Filcheva has published her new article: Performance of the employer’s obligations under Art. 140, Para. 3 Art. 285, Para. 1 of the Labour Code in conformity with the law in issue ХІV/2016 of the esteemed academic book series of the Bulgarian Academy of Science Academic works of the Institute for […]

Administrative Contract as per the Administrative Code

The new concept of administrative contract introduced with the amendment of the Code of Administrative Procedure in September 2016 is likely to trigger certain concerns about its application and enforcement, particularly for all companies and entrepreneurs who work with the public administration – e.g. by participating in public tenders or by applying for EU funds. […]

European Account Preservation Order

EU Regulation introduces new procedure for facilitation of debt recovery as of 18 January 2017 As of 18 January 2017 creditors residing in one EU Member-State, who have debtors with bank accounts in another, will have access to another legal instrument for debt recovery due to a new European Account Preservation Order introduced with Regulation […]

The International Association of Lawyers declares support for the Lawyers Act Amendment

The Bill for amendment of the Lawyers Act, filed with the Bulgarian Parliament on 23 January 2015, was approved by the parliamentary Legal Commission on 27 June 2016. It is currently expecting review and first vote the members of the National Assembly. One of the most disputed amendments in it is the idea to expand […]

Human Genome Project – the next step

After human genome decoding, it is time for human genome writing In the beginning of June 2016 it was announced that more than 150 scientists gathered in Harvard University setting a plan to create synthetically an entire human genome within the next 10 years. The scale of the plan is comparable to that of Human […]