On 26.09.2023, the National Assembly adopted at second reading important amendments to the Labour Code (LC). As per the adopted decisions, as from 01.06.2026, employment record books in paper format ...

The National Assembly, in a first reading adopted a change in Local Taxes and Fees Act (LTFA), aimed at bringing a relief to tax obliged persons for local tax, in ...

On the 26.07.2023 an amendment to the Special Pledges Act was promulgated in the State Gazette, issue. 64. With the adopted changes the possibility for entry, deletion and announcements in ...

IFLR1000 is a guide to the world’s leading financial and corporate law firms and lawyers. For a consecutive year Ilieva, Voutcheva & Co. was ranked among notable law firms in ...

The annual ITR World Tax ranks practitioners from leading tax firms from all over the world. It includes law firms, consultancies and advisory groups, as it aims to ensure the ...

The National Assembly has ratified amendments to the Commercial Act that bring about alterations to the constraints governing the assumption of managerial roles within commercial enterprises. The previous limitation preventing ...

In the first half of July 2023, European Commission adopted its adequacy decision for the EU-U.S. Data Privacy Framework. The decision concludes that the United States ensures an adequate level ...

An amendment to the Measures against Money Laundering Act (“The Act”), approved by the Parliament on June 29, 2023, has been officially published in the State Gazette on July 14, ...

On May 10, 2023, the Council of Ministers submitted a draft law amending and expanding the Condominium ownership management Act. On May 17, 2023, a group of Parliament members submitted ...

After the adoption of the Act on the protection of whistleblowers (“The Act”) on 27 January 2023 and its entry into force on 4 May 2023 the Commission for Personal ...

Mediation is an alternative way of assisting disputing parties by a mediator, the aim of which is to reach an agreement between the disputing parties and settle the relationship between ...

The EDPB has released a Data Protection Guide to assist small business owners in their direction to be more data protection compliant. The Guide targets to elevate attention of the ...

Legal500 was established more than 30 years ago and has become by now the world’s biggest legal services’ directory. The Law Firm is recommended in the following areas: Commercial, corporate ...

Stay up to date with the latest developments in data protection regulations. The European Data Protection Board (EDPB) has recently released updated Guidelines (Version 2.0) on personal data breach notification ...

A Bill for an Act on the protection of whistleblowers – persons who report breaches and publicly disclose information, (“The Act”) has been brought to the Parliament for consideration more ...

With the development of technologies more and more terms enter our everyday lives and sometimes it gets hard to define them or to distinguish the similar ones from each other. ...

Corporate Income Tax Act The act amending the Corporate Income Tax Act was adopted on the 6th December 2022 by the Parliament. The main changes are the following: In article ...

Sustainable practices related to increasingly pronounced climate changes enter our daily lives and are accordingly reflected in our legislation. In this area is the Ordinance № РД-02-20-3 of 9 November ...

On the 3rd of November 2022 the government approved a bill on personal insolvency. The European commission insists on its approval so that Bulgaria could receive financial help from the ...

The Council of Ministers adopted an Ordinance on terms and conditions for issuing, extending and revoking a certificate for a high-tech and/or innovative project called the “Startup Visa” (the “Ordinance”). ...

On 19.10.2022, a bill to amend and supplement the Labour Migration and Labour Mobility Act (LMMA) was submitted to the National Assembly for consideration and vote at first reading. It ...

Energy is a field where change and development come quickly. That can be seen clearly by the fact that three new Bills concerning it have been submitted before the National ...

The word “entrepreneur” is used more and more frequently, but at present there is still no regulation in our current legislation that gives a definition for the notion or regulates ...