Insight

bulgaria-covid-19-tracker

Bulgaria COVID-19 Tracker

Business in Bulgaria is experiencing a challenging legal environment in the context of rapidly changing emergency measures dealing with the COVID-19 pandemic. We have prepared a summary of the key legal measures affecting business in the attached BULGARIA COVID-19 TRACKER. It will be updated daily, as necessary. Please check regularly for updates. If you have […]

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Risks of Artificial Intelligence – Safety Aspects

Industry solutions relying on artificial intelligence (AI) are growing faster than many had predicted. In addition to the important personal data protection considerations, another important question which this new and emerging technology is raising relates to the AI safety problems and their legal response. So far, the European Union and Bulgaria have not adopted legislation specifically […]

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Висшият съдебен съвет прие Правила и мерки за работа на съдилищата в условията на пандемия

На 12 май Съдийската колегия на Висшия съдебен съвет прие Правила и мерки за работа на съдилищата в условията на пандемия (приети с решение по протокол № 15/12.05.2020 г., изменени и доп. по протокол № 16/19.05.2020 г.): http://www.vss.justice.bg/page/view/105154. Правилата на ВСС са съобразени с въведената след отмяната на извънредното положение у нас епидемична обстановка и […]

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Artificial Intelligence & Data Protection

Preface Artificial intelligence[1] (AI) is widely recognised as one of the defining industrial phenomena of the 21st century. In today’s technology-dependent world, its potential impact on business and economic development can hardly be understated. From possible groundbreaking use as a diagnostic tool in medicine, through the inevitable introduction of autonomous vehicles as widespread means of […]

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BOYANOV & Co. Top-Ranked in The Legal 500 EMEA 2020

BOYANOV & Co. continues to lead the legal market in Bulgaria according to the 2020 edition of The Legal 500 EMEA where the firm received the highest Tier 1 ranking in 10 practice areas: Banking, Finance and Capital Markets, Commercial, Corporate and M&A, Dispute Resolution, Energy and Natural Resources, EU and Competition, Healthcare and Life […]

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New Law on Amendments to the Emergency Act

On 9 April 2020 a Law on Amendments to the Emergency Act was published in the State Gazette. Art. 6 was amended to read as follows: „Until the revocation of the emergency status in the case of a delay of payment by private persons – debtors under loan agreements or agreements for other forms of financings (factoring, […]

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COVID-19 Related Payment Moratorium on Financings

  (“May you live in interesting times” – Chinese proverb) The COVID-19 pandemic has multiple effects on the economy. Many businesses struggle to survive and are or may become unable to service their bank debt in the same way as they did before the outbreak of the pandemic. Governments and central banks around the world […]

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Is COVID-19 a Force Majeure?

Do the COVID-19 outbreak and the measures against it constitute force majeure? The COVID-19 pandemic has a number of negative economic consequences such as suspension or delay of production and supplies, quarantining of entire countries, closure of borders, cancellation of flights, etc. All these factors affect the performance of obligations under multiple commercial transactions and […]

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Coronavirus: BOYANOV & Co. Establishes C19 Task Force

During this difficult time, when over 161 countries are affected by COVID-19, the entire society is facing significant healthcare, social, economic and legal impacts. We would like to assure you that we, at BOYANOV & Co., are working hard to continue to provide high quality and effective legal solutions while protecting the health and well-being […]