Bulgaria

The Digital Services Act (DSA) is set to overhaul and expand the EU’s regulatory framework for online intermediary s...

In recent years, Europe has seen an increase in activities concerning collective redress, which will assuredly reshape the...

WT Crypto Academy – From Zero to Hero We are delighted to invite you to our unique WT Crypto Academy, which will deal wi...

To date, collective redress has been regulated differently among EU-Member States. In particular, a uniform and efficient ...

Warsaw, 5 July 2023 – Wolf Theiss announces the expansion of its Corporate and M&A team in Poland with the addition ...

Wolf Theiss is pleased to announce the addition of new teams of experienced corporate and M&A lawyers who will join it...

Sofia, 26 June 2023 – Wolf Theiss advised Astorg as local counsel to Ropes & Gray on the separation of the leading p...

Securing e-evidence and establishing efficient procedures is key. The E-Evidence Regulation (Council document 5448/23) wil...

The implementation of Whistleblowing Directive (EU) 2019/1937 is expected to boost the creation of  reporting channel...

Regulation (EU) 2022/1925, The Digital Markets Act, is set to apply from 2 May 2023  Addressing digital developments ...

Our Life Sciences and Healthcare Law experts have prepared a short practical guide highlighting the main elements of prici...

“Governance” includes a broad range of topics that businesses are familiar with, but the key is effective impl...

Beyond mere compliance, best practices can create a competitive advantage and lead to more resilient businesses. Given the...

No longer just a “nice to have”, strong ESG performance is now business critical. The importance and impact of...

Sofia, 20 March 2023 – Wolf Theiss advised electricity company Electrohold Bulgaria on the conclusion of a 10-year green...

Wolf Theiss Sofia has recently provided its analysis on the newly adopted Bulgarian Whistleblowing Act, which was adopted ...

Q&A with Erste Group and RBI Green Bonds and Securitisation Series – Article 3/3 This is the thrird article in a ser...

Sofia, 17 February 2023 – Wolf Theiss advised the International Finance Corporation (IFC) on taking a minority stake in ...

Uncertainty is lingering in CEE/SEE, but Europe’s transition to sustainable energy, buildings and infrastructure is ...

Sofia, 6 February 2023 – Wolf Theiss advised the leading European consumer finance group BNP Paribas Personal Finance on...

The new Act enters into force in 3 months, requiring some companies to implement internal procedures by May 2023 On 27 Jan...

available also in Slovenian below The Corporate Sustainability Reporting Directive (“CSRD”)1 entered into forc...

COUNTRY-LEVEL UPDATES ON IMPLEMENTATION STATUS Once implemented into national law, the EU’s Whistleblowing Directive...

Country chapters for Austria, Bulgaria, Hungary, Poland & Romania These quick reference country chapters on Austria, B...

Discussions also underway on even enactment of criminal offences for sanctions violations In addition to other areas, the ...

*This list is regularly updated. Current as of 21 December 2022. The below list shows an overview over the EU sanctions re...

The beginning of the new year is a wonderful chance to celebrate, both what we have accomplished in 2022 and the exciting ...

Transition period for new Standard Contractual Clauses to expire on 27 December 2022 Earlier this week the European Commis...

Sofia, 14 December 2022 – Pet Network International, a portfolio company of European middle-market private equity fund A...

Regulatory evolution Green Bonds and Securitisation Series – Article 2/3 This is the second article in a series of a...

Managing investigations is critical component of compliance Effectively managing corporate investigations is an important ...

NFTs are set to become one of the cornerstones of the metaverse NFTs enable companies to enter the virtual market of the m...

Undoubtedly, the digital world has come a long way since the dawn of the internet. Rapid evolution of technology has done ...

Much needed directive should catch up with the realities of modern products The existing products liability legislation in...

*this article is available for download below in English and German Unitary Patent System offers new opportunities for com...

Newest EU sanctions take direct aim at oil shipments. Enforcement in certain areas remains problematic After Russia recent...

No punitive damages – no damages without damage – no “de-minimis” damages Today, the Advocate General deli...

Fighting financial crime in the metaverse requires a multi-level approach The metaverse merges social life, leisure, techn...

Clear and effective regulation of IP rights for AI is greatly needed at the EU level The effective regulation of IP rights...

Market and geopolitical factors drive renewed focus on renewable energy production the laws / regulations governing the ge...

Sofia, 24 August 2022 – Amber Infrastructure Limited, investment advisor to the Three Seas Initiative Investment Fun...

Telemedicine has been growing in Central and Eastern Europe (CEE) for years, but the pandemic was a catalyst for more rapi...

By Ira Peric Ostojic and Sara Pavlovic The Covid-19 pandemic has highlighted the need to have timely access to and sharing...

How the Two-Pillar Solution will change where companies pay their taxes The OECD and the G20 are promoting a fundamental r...

As the business of the metaverse grows, so do the legal questions around it With the increasing popularity and acceptance ...

International arbitration is a fast-moving legal field. Our colleagues from Bulgaria and Austria take a look at recent dev...

Wolf Theiss advised Raiffeisen Bank International AG (RBI) on the sale of Raiffeisenbank (Bulgaria) EAD to KBC Bank NV for...

↓ Part I: Cross-border recognition of restructuring proceedings – Amendment to the European Insolvency Regulation ...

Wolf Theiss has published the newest edition of its comprehensive guide to “Generating Electricity from Renewable So...

Was gilt es im Rahmen der ordnungsgemäßen Geschäftsführung zu beachten? Artikel auf englisch Link – Die Presse E...

What to consider in the context of proper business management? (article also available in German) ESG (Environmental, Soci...

Written for legal practitioners, business professionals and bankers Secured finance transactions are implemented the world...

Vienna/London, 13 April 2022 – Wolf Theiss wins six awards for six jurisdictions at the 2021 “CEE Deals of the...

In this episode in our podcast series dedicated to new ways of working, Hristina Dzhevlekova from Bulgaria and Andreea Sta...

Sofia, 30 March 2022 – Wolf Theiss advised Voxxy’s UK founders in obtaining an early-stage investment by a Bulgari...

Wolf Theiss has offices in thirteen countries in Central, Eastern and South-Eastern Europe, one of them in Kyiv, Ukraine. ...

Wolf Theiss has successfully assisted RWA Raiffeisen Ware Austria AG in the multi-jurisdictional acquisition of the operat...

Guide country chapters AUSTRIA BULGARIA HUNGARY POLAND ROMANIA Analysis includes detailed information covering: Market cli...

Despite the improvement in the economy, the unpredictability around the effects of the covid-19 pandemic remains. The down...

The Hungarian IT and Technology group 4iG Nyrt relied on the legal expertise of Wolf Theiss in the acquisition of a majori...

Wolf Theiss advised the European Investment Bank (EIB) on the aspects of Bulgarian law of its venture debt financing to En...

In this new episode of Wolf Theiss Soundshot, lawyers Anna Rizova from our Sofia office and Adelina Iftime Blagean from ou...

Wolf Theiss advised the European Investment Bank on the Bulgarian law aspects related to the provision of a guarantee to U...

Raiffeisenbank (Bulgaria) EAD published the base prospectus for its EUR 500,000,000 Euro Medium Term Note Programme which ...

Earlier this month, we released our first part of the episode “Do ask, do tell: LGBTIQ+ and the legal industry ̶...

Special purpose acquisition companies (SPACs) have become one of the most discussed topics in the equity market in recent ...

Recent global events have been a roller-coaster ride for investors, shaking up the markets in a way similar to the Great R...

A look back at the last NPLs sales cycle In the previous cycle of non-performing loans (NPLs) sales after the global finan...

SECURITISATION ON THE RISE AGAIN Since securitisation products played a significant role in the US subprime mortgage crisi...

What are the risks Chinese investors face when doing business in Europe? What are a difference between Chinese state-owned...

European legislation introduced the concept of electronic signatures in 1999 when the Directive on a Community framework f...

Deep changes in the global real estate market Panta rhei – „Everything flows“. When the Greek philosopher Heraclitus...

Despite the pandemic, the CEE M&A market in Life Sciences / Healthcare remains stable with substantial growth expected...

In July 2021,  the European Central Bank confirmed that it is going to be proceeding with its digital Euro project. H...

The EU Whistleblowing Directive as a trigger With the clock ticking towards the deadline for implementing the EU Whistlebl...

Bucharest, 17 June 2021 – Wolf Theiss successfully assisted Glovoapp23, S.L. ("Glovo"), one of the world’s leading mul...

The increased focus of companies in Central and Eastern Europe (CEE) in tackling large-scale corruption through corporate ...

On 18 June 2021, the European Data Protection Board adopted its final version on ‘supplementary measures’ for ...

Last week the European Commission published new “standard contractual clauses” under the General Data Protecti...

What do the children of lawyers dream to be when they grow up? And what is it like juggling home school and home office? T...

What does digitalisation mean for my company, for my sector? This is the question business leaders must constantly ask the...

AI can’t just be plugged in, you have to give it what it needs first: data & training Artificial intelligence is...

Covid-19 is impacting the current use of real estate. This can be seen, for example from the decreasing demand for retail ...

Central and Eastern Europe (“CEE”) has become an increasingly attractive region for international investors targeting ...

What accelerating trends and paradigm shifts is the real estate market facing? In one of our previous episodes, Partner Pe...

Sofia, 23 April 2021 – Wolf Theiss advised the European Bank for Reconstruction and Development (EBRD), the Black Sea Tr...

After successfully completing a law degree, many attorneys ask themselves whether they should do an LL.M. (Master of Laws)...

Deep changes in the global real estate market Panta rhei – „Everything flows“. When the Greek philosopher Heraclitus...

Opportunities not to be missed Failing to see the wood for the trees in 2021 and therefore missing investment opportunitie...

CEE continues to rise despite pandemic Growth arc long predates Covid-19 and will continue past it Last year was a trainin...

Last year was a training course for many companies in adaptation and agility. What are the lessons learnt and what is the ...

Employee mobility rising due to remote work Beyond simply working from home, employees are now crossing borders while work...

THE LEGAL FRAMEWORK FOR EMPLOYERS IN CEE We look at employers’ most common questions about the current Covid-19 vacc...

How do you support your female co-workers? What does it take to reach gender equality in the legal industry? And did you e...

Female empowerment matters – not only on March 8th, International Women’s Day, but on every other day of the y...

Influencer marketing is part of social media, but it is not as easy it appears to be. While brands and companies love to w...

INVEST EUROPE REPORT: CREATING VALUE AND CONTINUED GROWTH Central and Eastern Europe (CEE) now boasts over 30 years of gro...

Digitalisation is gaining ground and does not spare legal industry; yet it is not part of law studies. This is problematic...

M&A Spotlight: CEE Cautious optimism, as 52% of dealmakers say their appetite for M&A in the CEE region will incre...

Did you know that Wolf Theiss is represented in 13 jurisdictions, covering 10 different practice areas? The fact that we j...

A new requirement for traders of natural gas to obtain a license for natural gas trading activity in Bulgaria has been ado...

In line with trends across CEE, raising funds through the trade of debt securities is increasing in Bulgaria. The lower co...

Legal industry without Legal Tech? That’s almost unthinkable nowadays! As one of the first law firms of the CEE/SEE ...

Wolf Theiss carefully monitors the developments and challenges related to the increasingly complex legislation designed to...

Almost unsolvable tasks, extremely high pressure and strict observers – Assessment Centres seem to be full of horror sto...

This guide is part of our wider offerings on Financial Restructuring, which is included in our services for Special Situat...

The decision of the Court of Justice of the European Union in July 2020 in Schrems II left companies without a clear frame...

Home office, social distancing, lockdowns – the measures taken to combat COVID-19 have impacted almost every industr...

Working for a big law firm can sometimes be intimidating, especially when you are applying for your first internships and ...

Over the past few months, the European Green Deal seems to have moved to the background; however, the challenges remain th...

What is it like to be an intern at Wolf Theiss? Who could answer this question better than our team members which either s...

COVID-19 has led to significant changes for real estate investments and transactions, some of which might be of a lasting ...

More than one month after the pivotal Schrems II decision of the Court of Justice of the European Union (CJEU), companies ...

What impact did COVID-19 have on Mergers and Acquisitions in the CEE/SEE region? In the first episode of Wolf Theiss Sound...

On 24 July 2020, the European Commission decided on a package of measures for the recovery of the capital markets. With re...

Vienna, 9 December 2016 – Wolf Theiss was named the CEE M&A Legal Adviser of the Year 2016 by MergerMarket at an awards ...

Vienna/Prague, 28 August 2019 - Wolf Theiss acted as legal counsel to Wilsonart Engineered Surfaces on its acquisition of ...

European commission issues its first resale price maintenance decisions in over a decade fining four consumer electronics ...

On 28 June 2018, the China-based producer of home appliances, HISENSE, announced the successful outcome of its takeover of...

In an important step towards further liberalisation of its natural gas market, Bulgaria recently published important amend...

The new Persons with Disabilities Act (PDA) aims to enhance conditions for social and labour integration of people with di...

Following the amendments to the Bulgarian Energy Act aiming to ensure completion of the gas market liberalisation and enha...

Today is European Data Protection Day, and businesses are facing more challenges than ever ensuring compliance with variou...

Bulgaria has introduced changes to its corporate income tax rules that extend the scope of taxable cross-border intra-comp...

Bulgaria has amended its rules related to the clearing and settlement of card-based payments that are linked to the countr...

In the increasingly likely event of a no-deal Brexit, many questions remain for UK insurance undertakings in Bulgaria. Apa...

On 16 July 2020, the Court of Justice of the European Union (CJEU) issued a long-awaited decision in a dispute between Fac...

ARE THE CRITICS WRONG? Although some observers have criticised the EU’s new regulations on e-commerce for being too ...

In its decision of 3 January 2018, the Sofia City Court followed Wolf Theiss’ argumentation and confirmed that the p...

On 3 January 2018, a new Law for Amendment and Supplementation ("New Law") of the Competition Protection Act ("CPA") was p...

On 1 January 2018 important amendments to the Ordinance on working time, breaks and holidays (the ‘Ordinance’)...

On 7 March 2018 the Bulgarian Competition Protection Commission (“CPC”) announced a sector inquiry into the ba...

On February 23 2018, the Administrative Court–City of Sofia (“ACCS”) rendered a Judgment repealing two chapt...

Yesterday, the Bulgarian Parliament adopted the Anti-Money Laundering Act (in Bulgarian: Закон за мерките с...

AMENDMENTS TO THE BULGARIAN ENERGY ACT AND THE RENEWABLES ACT REPEAL THE RES AND CO-GENERATION SUPPORT SCHEMES

As of May 2018 the new Ordinance on the Rules and Requirements for Creation and Storage of Electronic Documents at the Emp...

A new approach to speed-up appealing procedures and prevent bad faith appeals has been proposed by the Bulgarian governmen...

On 8th of January 2019 the Rules for Implementation of the Anti-Money Laundering Act (in Bulgarian: Правилник з�...

The Bulgarian Council of Ministers adopts an amitious action plan for State Concessions 2019-2020, providing the launch of...

On 03 December 2018, the Bulgarian Supreme Court of Cassation (“SCC”) published an interpretative judgement un...

Substantive protection and enhanced procedural framework covering goods and services, business need to implement trade sec...

After extensive public consultations and parliamentary procedures, on 24 January 2019 the law implementing Regulation (EU)...

As part of the Bulgarian government’s measures to prepare for Brexit, a Bill for amendment to the Foreigners in the Repu...

New draft bill amending the Energy Act introduces a number of measures to further integrate RES Generation into the libera...

The number of cartel damages claims before national civil courts in Europe has dramatically increased over recent years. T...

The Parliament adopted a new Bill amending the Energy Act introducing a number of measures to further integrate RES Genera...

On 29 August 2019 the Bulgarian Commission for Personal Data Protection (“CPDP”) announced first significant f...

Amendments to the Bulgarian tax law addressing the introduction of mandatory transfer pricing documentation for transactio...

The UK referendum has resulted in much work for pundits, not least because there is little certainty when, if at all, the ...

Wolf Theiss is pleased to publish this redesigned, eighth (8th) edition of The Wolf Theiss Guide to: Generating Electricit...

Almost two decades after being adopted following the model of the World Bank and UNCITRAL for non-possessory registered pl...

Advising in utilities projects that convert waste to energy is just one way that Wolf Theiss helps clients innovate and ac...

On 16 February 2016, the European Commission officially presented the new Energy Security Package, which aims at increasin...

On 27 January 2017 a new bill amending the Bulgarian Civil Procedure Code entered into force (the “Bill”). Among other...

TECHNICAL STANDARDS BECOME EFFECTIVE As 3 July 2017 gets closer, and January 2018 is also approaching rapidly, the regula...

On 2 January 2017, amendments to the Bulgarian Commerce Act (the "Act") entered into force in Bulgaria. Amongst the aims o...

На 27 ноември 2017г. Европейската комисия прие Регулаторните техниче�...

Vienna, 16 December 2016 - Amundi has acquired Pioneer Investments from Unicredit for an all-cash consideration of EUR 3.5...

Vienna/London – 11 April 2017 – Wolf Theiss has been named "Central and Eastern Europe Law Firm of the Year" in this y...

Vienna/London, 16 February 2017 – 98 percent of dealmakers say they are more likely to invest in Central, Eastern and So...

4 May 2017 - Wolf Theiss has advised FactSet, a global provider of integrated financial information, analytical applicatio...

Sofia, 19 October 2017 – Wolf Theiss has supported Bloomberg's "Next Big Thing" conference in Sofia covering both macroe...

Protection of employees which was given strong support by Bulgarian Parliament led to difficulties in closing M&A transact...

On 22 January 2018 the Bulgarian Competition Protection Commission ("CPC") announced that it opened a sector inquiry into ...

On 8 February 2018, the Bulgarian Competition Protection Commission ("CPC") issued a Decision in a Competition Advocacy pr...

On 07 February 2018, the Bulgarian Competition Protection Commission ("CPC") initiated Competition Advocacy proceedings in...

There are many factors which contribute to the success and performance of a company, and gender diversity is definitely on...

We are very pleased to share with you the newest edition of the Wolf Theiss M&A Spotlight: Corporate Monitor for Centr...

What are the legal consequences for corporate units if the UK withdraws from the EU?Following the kick-off event of our Wo...

One year has passed since the most important reform of European data protection laws in the last 25 years was implemented....

Effective as of the end of September 2016, Bulgarian traders of energy products must comply with market abuse prevention r...

The Bulgarian National Bank (BNB) released the results of the banking system overview, which was initiated earlier this ye...

On 1 July 2016 an Act amending and supplementing the Act for Economic and Financial Relations with Companies Registered in...

On 19 April 2016 the Bulgarian Council of Ministers published a draft for the new Concessions Act (the "Draft CA"), which ...

Following the recent regulatory improvements, a potential acceleration of the Non-Performing Loans (NPLs) transactions in ...

Дългоочакваните промени в европейската правна рамка на търговски�...

On 16 February 2016 the European Commission ('EC') officially presented the new Energy Security Package. The set promotes ...

This 2018 Wolf Theiss Guide to Dispute Resolution in Central, Eastern & Southeastern Europe is intended as a practical gui...

This 2018 Wolf Theiss Guide to International Arbitration in Central, Eastern & Southeastern Europe is intended as a practi...

This 2018 Wolf Theiss Guide to Handling Business Crime Cases in Central, Eastern & Southeastern Europe is intended as a pr...

Is the current M&A market seller-friendly or buyer-friendly? What do the holdbacks in purchase prices signalize? Are t...

Wolf Theiss is pleased to publish the second edition (2018) of “The Wolf Theiss Guide To: Licensing of Electricity a...

The EU 4th Anti-Money Laundering Directive (AMLD 4) was published in the Official Journal of the European Union on 5 July...

On 30 October 2015 the European Commission published a new Guidance to assist contracting authorities across the EU member...

Our regional firm is one of the leading firms with a focus on IP/IT practice and, naturally, we monitor the progress withi...

Following more than a year of discussions after the new General Block Exemption Regulation 651/2014 ("GBER") entered into ...

The last of the 95 members of the Madrid System, signatory only to the Madrid Agreement but not to the Madrid Protocol, ha...

On 4 August 2015 the new Natural Gas Market Rules ('Gas Market Rules') were published in the State Gazette (SG, No 59/2015...

On 31 July 2015 the Bulgarian Energy and Water Regulatory Commission ("EWRC") adopted three decisions to have a significan...

On 22 July 2015 the Bulgarian Parliament adopted amendments to the Energy Act ("EA") and the Act on Energy from Renewable ...

The Office for Harmonization in the Internal Market (Trade Marks and Designs) ("OHIM") revised and updated its Guidelines ...

As we announced earlier in May this year, the Bulgarian Commission on Protection of Competition ("CPC", "Commission") laun...

The World Intellectual Property Organization adopted changes in the International Classification of Goods and Services for...

On 21 May 2015 the Geneva Act of the Lisbon Agreement that regulates the international registration and protection of the ...

На 21 май 2015 г. Народното събрание на Република България прие на пър�...

On 21 May 2015 the National Assembly of the Republic of Bulgaria adopted at first reading an Act amending and supplementin...

На 20 Май 2015 г. Европейският парламент прие на второ четене четвърта...

On 20 May 2015 the European Parliament adopted on second reading the fourth directive addressing the threat of money laund...

Recent amendments of the Public Offering of Securities Act (`POSA`) introduced a new regime for ownership of agricultural ...

On 26.05.2015 the International Centre for Settlement of Investment Disputes (`ICSID`) in Washington D.C., USA registered ...

On 26th May 2015, the Amendment and Supplement to the Medical Devices Act ("MDA") entered into force, following its public...

On Friday, May 29th 2015, the Bulgarian Commission on Protection of Competition ("CPC", "Commission") announced that it is...

After the announcement of the European Commissioner for Competition, Margrethe Vestager, to initiate a sector inquiry for ...

Orphan works are works or phonograms first published in the European Union (EU) and protected by copyright or related righ...

The provisions of the new Tobacco Products Directive 2014/40/EU adopted on 14 March 2014, aim to reflect the developments ...

On 07.03.2015 amendments to the Act on Energy from Renewable Sources (`AERS`) were introduced through the Bill on Amendmen...

On 07.03.2015 a Bill of Amendment and Supplementation of the Bulgarian Energy Act has been published with an immediate eff...

New amendments to the Bulgarian Corporate Income Tax Act on the taxation of income from interest and royalties entered int...

On 7th of January 2015 the European Commission adopted Commission Implementing Regulation (EU) No 1348/2014 on data report...

"This reform is a necessity, and now it is irreversible. Europe`s directly elected parliamentarians have listened to Europ...

At the end of 2014 the Bulgarian Patent Office (BPO) started providing new online services with respect to trademarks and ...

Regulation (EU) No 1215/2012 of the European Parliament and of the Council of 12 December 2012 on jurisdiction and the rec...

On 13 January 2015 the Bulgarian Supreme Administrative Court ("SAC") dismissed an appeal by the shareholders of Corporate...

On 31 January 2015 the term for filing for the liquidation of companies that were not re-registered with the Bulgarian Com...

Wolf Theiss is pleased to publish the first edition (2017) of "The Wolf Theiss Guide to: Energy Efficiency in Central, Eas...

The most important lessons learned since the collapse of Lehman Brothers are that no bank is too big to fail and that nati...

Wolf Theiss is pleased to publish the first edition (2016) of “The Wolf Theiss Waste to Energy Guide in Central, Eas...