Foundation in Bulgaria

What is a Foundation? The Foundation is a non-profit legal entity and with independent property formed by donations. In Bulgaria, the law allows the founders of a Foundation to be foreigners. The Law on Non-profit Legal Entities in Bulgaria regulates everything concerning the establishment, operation and termination of a foundation.Continue Reading

Interpretative decision of the Supreme Administrative Court

Interpretative decision of the Supreme Administrative Court A long-awaited interpretative decision of the Supreme Administrative Court (SAC) has been issued. According to the decision, if you are a manager of a company, a member of the management body or an appointed procurator and you have failed to publish data onContinue Reading

30 days is the deadline during which the buyer (the relevant chain or store) must pay the manufacturer After the latest amendments to the Bulgarian Law on Protection of Competition (LPC), some very important cases for Bulgarian business have been resolved. Among them, the settlement of protection against agreements, decisionsContinue Reading

Insolvency Proceedings EC

Purpose of the procedure – Regulation (EU) 2015/848 The material introduces the main and secondary insolvency proceedings under Council Regulation (EC- European Community) No 2015/848. It has precedence over the rules of national legal systems. The rules contained therein are of a coordinating nature for debtors with assets in differentContinue Reading

Collecting our receivables One of the most important and pressing issues in the current global economic crisis is related to payments between economic entities, and the so-called large intercompany indebtedness(and collecting receivables in the best way). The deteriorated economic environment creates grounds to multiple delayed payments, and most trade personsContinue Reading