- November 22, 2022
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Bulgarian Labour Code
Bulgarian Labour Code has been amended with effect as of August 1, 2022 The Bulgarian Labour Code has been amended with effect as of August 1, 2022. Summary of the more important amendments follows below. Prior information on changes to the employment arrangements Employers shall
- August 23, 2022
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Vehicle Restraint Register to be launched in Bulgaria (first quarter 2023)
New legislation was adopted to launch a unified Vehicle Restraint Register. The new Register will function as an e-system on restraints imposed on registered vehicles and other movable assets that are subject to statutory registration in Bulgaria (such as agricultural vehicles, etc.). All restraints imposed
- June 10, 2020
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Unification of the e-platforms of the Bulgarian Commercial Register and the Bulgarian Real Estate Register
As of the 27th of July 2020 the electronic platform https://brra.bg and https://icadastre.bg will be incorporated into a Single Electronic Administrative Services Request Portal https://portal.registryagency.bg . In the period from the 9th of June 2020 to the 27th of July 2020 the users will be
- April 22, 2020
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New changes to the 60/40 Scheme
New changes to Decree No 55 of the Council of Ministers on the 60/40 Scheme were promulgated on the 21st of April 2020 (hereinafter the “Decree”). The changes were made further to recent the Amending and Supplementing Act to the Bulgarian State of Emergency Measures
- April 9, 2020
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Update on and Amendments to the State of Emergency Act
The Amending and Supplementing Act (“Amending and Supplementing Act”) to the State of Emergency Measures Act, during the State of Emergency declared pursuant to the Resolution of the Bulgarian Parliament of 13 March 2020, adopted on 6 April 2020 (the “State of Emergency Act”) was
- March 31, 2020
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Governmental Support 60/40 (AI Law Firm Newsletter)
On 30 March 2020 the Bulgarian Government adopted Decree No 55 regarding payment of compensations to keep the employees in the businesses affected by the State of Emergency, declared by the Bulgarian Parliament on 13 March 2020. The amount of the compensation is 60% of
- March 27, 2020
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State of Emergency Measures Act
Summary of the principle measures, set forth in the recently enacted State of Emergency Measures Act, declared pursuant to the Resolution of the Bulgarian Parliament of 13 March 2020 (the “Emergency Measures Act“) The Emergency Measures Act sets forth measures concerning various areas, by introducing:
- February 28, 2020
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New Trademarks and Geographical Indications Act
A new Trade Marks and Geographical Indications Act entered into force in the end of 2019. Thus, Directive 2015/2436 dated December 16, 2015 was transposed into the Bulgarian law. The main changes entail: • the elimination of the requirement for graphic presentation of the Trademark
- February 28, 2020
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Update of Anti-Money Laundering Rules Required
On the 9th of January 2020 the Bulgarian National Security State Agency (“NSSA”) published on its website the Results from the Money Laundering and Terrorism Financing National Risk Assessment (“NRA“). The NRA was published pursuant to the requirements of the recent Bulgarian Anti-Money Laundering Act,
- January 6, 2019
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Bearer Shares to be converted into Registered Shares
All Bearer Shares held in Bulgarian resident Joint Stock Companies have to be converted into Registered Shares. The conversion has to be completed by the 23rd of July 2019 Non-compliant Joint-Stock Companies will be subject to termination and deregistration. The above results from changes to