Established in 1990, Boyanov & Co. (formerly Borislav Boyanov & Co.) has earned wide international and local recognition as the preferred law firm for many transnational businesses expanding their portfolios in Bulgaria. The firm has advised on most of Bulgaria’s landmark transactions. Its client portfolio includes over 3,000 local and international companies, governments, and institutions. Since its establishment, the firm has always been ranked as a market leader for the excellence of its integrated services, drawing on years of experience in international transactions and structures, on in-depth knowledge of local, European, and international law, and on the brilliance of its professionals.
Creditors secured by a special pledge can no longer enforce their pledge after the opening of insolvency proceedings of the pledgor
At the end of 2016 the rules on the most widely used type of pledge in Bulgaria (the so called “special pledge”, i.e. a pledge where the pledged assets remain in the possession of the pledgor) were changed.
Borislav Boyanov Sees Signs for Optimism in Bulgaria’s Economic Buzz
Mr. Borislav Boyanov, the Managing Partner of BOYANOV & Co. shared optimistic expectations for the prospects for Bulgaria’s economic development, in an interview before CEE Legal Matters, the legal magazine offering in-depth analyzes on Europe’s emerging markets.
Amendments to the Commerce Act
On 30 December 2016 the insolvency laws have been amended by introducing a new (refutable) presumption of insolvency – failure to file in the Commercial Register the annual financial statements for the last 3 years prior to filing an insolvency petition.