Insight

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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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Resolutions in Absentia – A Useful Convenience in the Management of Limited Liability Companies and Joint-Stock Companies

In the conditions of a global pandemic and strengthened measures for social distancing, the issue of the resolutions in absentia in the management of companies becomes relevant. The Commerce Act (“CA”) provides, first, the possibility for stockholders in Limited Liability Companies (“OODs”) to adopt such resolutions. Pursuant to Art. 139, para. 2 CA, the resolutions […]

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BOYANOV & Co. Continues to be Ranked Tier 1 Law Firm in All Practice Areas

The firm continues to receive the highest Tier 1 ranking in all practice areas researched by the IFLR1000 in Bulgaria, Banking & finance, M&A, and Project development. Some of the client feedback for BOYANOV & Co. reads “The firm has always provided superb legal advice. They are hands on and cost sensitive. They offer a broad […]

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Assoc. Prof. Dr. Nikolay Kolev Promoted as Partner at BOYANOV & Co.

The partners of BOYANOV & Co. are glad to announce that as of 1 October 2020 Assoc. Prof. Dr. Nikolay Kolev becomes Partner at the law firm. Dr. Kolev has more than 15 years of practical experience at BOYANOV & Co. He has gained extensive knowledge and specialisation advising clients on various legal matters in […]

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BOYANOV & Co. Supports Finalisation of AmCham’s Position on the National Strategy for Artificial Intelligence 2030

In April and July 2019, Borislav Boyanov, Managing Partner, chaired and moderated two round tables under the umbrella format of Digital Sustainability Forum on Artificial Intelligence (AI), organised by the American Chamber of Commerce in Bulgaria. Among the participants in the Forum were Mariya Gabriel, in her capacity as EU Commissioner for Digital Economy and […]

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BOYANOV & Co. Contributes the Bulgarian Chapter on Lexology Getting The Deal Through: Merger Control 2021

BOYANOV & Co.’s Competition team has authored the Bulgarian chapter in the prestige legal publication of Lexology Getting the Deal Through: Merger Control 2021, published in August 2020 by Law Business Research Ltd. In this publication, BOYANOV & Co.’s team answered key questions on competition, including Bulgarian merger control thresholds, merger control test, public takeovers, […]

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Boyanov & Co advised Valea Foundation on the acquisition of important minority package in First Investment Bank

Our M&A and Corporate Partner Yordan Naydenov advised Valea Foundation on all Bulgarian law aspects of the acquisition of a minority package in the capital of FIBank (No. 5 in terms of assets on the Bulgarian banking market). On July 2, 2020, FIBank announced the successful completion of the capital increase procedure, where all newly […]

Академия за партньори онлайн – Тема 6: Учредяване и реализация на обезпечения при финансиране

Учредяване и реализация на обезпечения при финансиране – практически проблеми и необходима ли е законодателна намеса?  

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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 […]

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BOYANOV & Co. Top-ranked in Chambers Europe 2020

Chambers Europe 2020 continues to rank BOYANOV & Co. in the highest Band 1 ranking in Banking & Finance, Competition/Antitrust, Corporate/Commercial, Intellectual Property, and Real Estate. These rankings reconfirm the firm’s strong and stable position in the Bulgarian legal market. Impressed interviewees highlight the strengths of the firm: “well connected, with a good grasp of local […]

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NNDKP and BOYANOV & Co. Advised Banca Comerciala Romana S.A.

Nestor Nestor Diculescu Kingston Petersen advised Banca Comerciala Romana S.A., the lender, in respect to the financing of an office project in Cluj-Napoca, one of the most vivid economic hubs in Romania. The transaction involved complex negotiations and pay-off arrangements with existing finance parties and the former owners of the office building, as well as very complex […]

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The New EU Commission Steps Up its Agenda on Digital Technologies

Last week, the European Commission published a Communication on Europe’s Digital Future in which it followed-up on the topic of EU’s digital transformation and introduced two documents, which provide further detail on the current developments. The first document is the new European Data Strategy. It envisions the adoption of both a Digital Services Act and […]

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BOYANOV & Co. Continues to Receive Gold Rankings in the IP-specialised WTR 1000 – The World’s Leading Trademark Professionals

For a sixth consecutive year, BOYANOV & Co. received the Gold ranking in The World’s Leading Trademark Professionals 2020 guide, published by World Trademark Review 1000, proving its ability to secure the most high-profile, big-ticket work from the most prestigious of clients. “The firm offers a comprehensive suite of IP services but shines brightest when […]