Wolf Theiss

BULGARIA

Located at the crossroads between Europe and Asia, Bulgaria has always been a culturally distinctive part of the world. With its transition to a free market economy, its rapid economic growth in recent years, a strong industry and one of the most significant energy sectors within the EU, it has become a country of great opportunity. A favourable tax system has attracted many foreign investors, particularly in the sectors of energy, chemical industry, construction and real estate.

Wolf Theiss was among the first to recognise this potential and had been carrying out projects in Bulgaria years before we opened Wolf Theiss Sofia in January 2007. Since then, our team of experts are proud to have managed some of the most complex matters in Bulgaria and Macedonia and regularly conduct multi-national acquisitions and transactions throughout CEE/SEE.

We believe in tailoring our advice to the needs of our clients and the demands of the business world. Bulgaria – with its pivotal location and expanding economy – is ripe with opportunities. Our expertise encompasses all areas of corporate law, mergers and acquisitions, banking, debt and project financing and capital markets. But our knowledge of the law is only one part of our job:  we bring first-hand understanding of the political, cultural and commercial ecosystems, allowing us to focus our energies on making your project successful.

Contact

WOLF THEISS Bulgaria Office

55 Nikola Vaptsarov Blvd.
BG - Sofia 1407
T. +359 2 8613 700
E.  sofia@wolftheiss.com

Managing Partner

Anna Rizova
Anna
Rizova
Partner
T. +359 2 8613 700
F. +359 2 8620 370
55 Nikola Vaptsarov Blvd.
1407 Sofia
Bulgaria
Press Releases

Newssquare  Wolf Theiss advised Wilsonart Engineered Surfaces on its acquisition of Technistone

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

Newssquare  Wolf Theiss Advises Chinese Home Appliance Producer Hisense In Takeover Of Gorenje

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

Newssquare  BLOOMBERG AND "THE NEXT BIG THING": CONNECTED INFRASTRUCTURE

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

Newssquare  WOLF THEISS ADVISES FACTSET ON THE ACQUISITION OF BISAM TECHNOLOGIES

4 May 2017 - Wolf Theiss has advised FactSet, a global provider of integrated financial information, analytical applications, and industry-leading...

Newssquare  WOLF THEISS NAMED "CENTRAL AND EASTERN EUROPE LAW FIRM OF THE YEAR" AT CHAMBERS EUROPE AWARDS FOR EXCELLENCE

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

Newssquare  M&A SPOTLIGHT: CEE – WOLF THEISS CORPORATE MONITOR FY 2016

Vienna/London, 16 February 2017 – 98 percent of dealmakers say they are more likely to invest in Central, Eastern and South-Eastern Europe (CEE/SEE)...

Newssquare  Wolf Theiss advised Amundi on the acquisition of Pioneer Investments

Vienna, 16 December 2016 - Amundi has acquired Pioneer Investments from Unicredit for an all-cash consideration of EUR 3.545 bn. Wolf Theiss advised...

Newssquare  Mergermarket names Wolf Theiss CEE M&A Legal Adviser Of The Year 2016

Vienna, 9 December 2016 – Wolf Theiss was named the CEE M&A Legal Adviser of the Year 2016 by MergerMarket at an awards gala in London on 8 December....

Newssquare  WOLF THEISS AND MERGERMARKET RELEASE INSIDE CORPORATE STUDY ON M&A

Vienna, London 17 March 2016 – Poland, the Czech Republic and Romania are the most likely Central and Eastern European (CEE) and South Eastern...

Newssquare  WOLF THEISS ADVISES OSRAM ON THE SPIN-OFF OF THE LAMPS BUSINESS IN 9 COUNTRIES

Wien, 18.02.2016 - Vienna, 18 February 2016 - Wolf Theiss has advised on the spin-off of the traditional lamps business of OSRAM, a leading global...

Newssquare  WOLF THEISS SUCCESSFULLY ADVISED JOHNSON CONTROLS ON A NEW AUTOMOTIVE PRODUCTION FACILITY

Vienna, 2 February 2016 - Wolf Theiss has successfully advised Johnson Controls in a third major investment contract with the Government of Macedonia.

Newssquare  WOLF THEISS SUCCESSFULLY ADVISED THE FOUNDERS OF FADATA AD ON THE SALE OF MAJORITY STAKE TO RIVERSIDE AND CHARLES TAYLOR

Vienna, 12 January 2016 – Wolf Theiss successfully advised the entrepreneurs and founders of the Bulgarian company Fadata AD on the sale of a majority...

Newssquare  WOLF THEISS SUCCESSFULLY ADVISED ERG RENEW AND LUKOIL ON THE MUTUAL SEPARATION OF THE LUKERG RENEW JV

Vienna, 13.01.2015 – At the end of December, Wolf Theiss successfully advised on the closing of the mutual separation of LUKERG Renew, a 50-50 joint...

Client Alerts / Newsletters

Newssquare  Bulgaria: Fines in Millions for Personal Data Breaches

On 29 August 2019 the Bulgarian Commission for Personal Data Protection ("CPDP") announced first significant fines under the GDPR (Regulation (EU)...

Newssquare  Changes to the Bulgarian Transfer Pricing Documentation Rules

Amendments to the Bulgarian tax law addressing the introduction of mandatory transfer pricing documentation for transactions with related parties have...

Newssquare  Cartel damages claims: European Commission Guidelines to estimate the passing-on of Harm caused by Cartels

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

Newssquare  Tax Newsletter - Austria 2/2019

We hope you are curious to read the next issue of our International Tax Newsletter. The second edition this year covers the following topics from the...

Newssquare  Bulgaria: Further Liberalisation on the Electricity Market at Production Level (Update)

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

Newssquare  Deadlines approaching under the new Persons with Disabilities Act

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

Newssquare  Brexit - Amendments to the Bulgarian Immigration Law

As part of the Bulgarian government’s measures to prepare for Brexit, a Bill for amendment to the Foreigners in the Republic of Bulgaria Act ("the...

Newssquare  Bulgaria - Further liberalisation of the electricity market at production level

New draft bill amending the Energy Act introduces a number of measures to further integrate RES Generation into the liberalised market and abolish...

Newssquare  TAX NEWSLETTER - AUSTRIA 1/2019

We hope you are curious to read the next issue of our International Tax Newsletter. The first edition this year covers the following topics from the...

Newssquare  Bulgaria: The president vetoes local law implementing the GDPR

After extensive public consultations and parliamentary procedures, on 24 January 2019 the law implementing Regulation (EU) 2016/679 on the protection...

Newssquare  Bulgaria: Government to launch concession procedures for major Transport Infrastructure Projects

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

Newssquare  New Interpretative Judgment of the Bulgarian Supreme Court of Cassation on Insolvency Matters

On 03 December 2018, the Bulgarian Supreme Court of Cassation ("SCC") published an interpretative judgement under case No. 1/2017 (the "Judgment"),...

Newssquare  Bulgaria to implement the EU Trade Secrets Directive

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

Newssquare  TAX NEWSLETTER - AUSTRIA 4/2018

We hope you enjoyed the holidays and are now curious to read the next issue of our International Tax Newsletter. In this edition, we have included...

Newssquare  AML in Bulgaria: New Deadlines

On 8th of January 2019 the Rules for Implementation of the Anti-Money Laundering Act (in Bulgarian: Правилник за прилагане на Закона за мерките срещу...

Newssquare  TAX NEWSLETTER - AUSTRIA 3/2018

We hope you enjoyed the summer months and are now curious to read the next issue of our International Tax Newsletter. The third edition covers the...

Newssquare  Real Estate & Construction Insider

The newsletter covers important developments in 13 jurisdictions in the CEE/SEE region, namely:

 

Albania, Austria, Bosnia & Herzegovina, Bulgaria,...

Newssquare  Wolf Theiss Competition & Antitrust Insider

Welcome to the second edition of the Wolf Theiss Competition and Antitrust Practice Group Newsletter

 

We are pleased to introduce to you the second...

Newssquare  Resale Price Maintenance in the Digital Age

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

Newssquare  Bulgarian Public Procurement Law Changes - Will the Procurement Procedures be Fastforwarded?

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

Newssquare  Bulgaria – Electronic Communication and Electronic Files now Available Option for Employers

As of May 2018 the new Ordinance on the Rules and Requirements for Creation and Storage of Electronic Documents at the Employee’s File [1] (the...

Newssquare  RES/COGEN Producers forced to the free market - amendments to the Bulgarian Energy Act and the Renewables Act repeal the RES and CO-Generation Support Schemes

On 27 March 2018 the Bulgarian Parliament published a Bill for amendment and supplementation of the Energy Act ("EA") and the Act on Energy from...

Newssquare  Wolf Theiss Competition & Antitrust Insider

Welcome to the First Edition of the Quarterly Newsletter of the Wolf Theiss Competition and Antitrust Practice Group.

 

We are pleased to introduce...

Newssquare  Bulgaria – Competition Protection Commission Recommends Amendments of the Energy Act Concerning the Heating Sector

On 8 February 2018, the Bulgarian Competition Protection Commission ("CPC") issued a Decision in a Competition Advocacy proceeding initiated in 2017...

Newssquare  Bulgaria Joins The EU 'AMLD IV Implementation' Club

Yesterday, the Bulgarian Parliament adopted the Anti-Money Laundering Act (in Bulgarian: Закон за мерките срещу изпирането на пари). The Act...

Newssquare  Bulgaria - Energy Regulator's Decision Adverse to Wind Res Producers Repealed by Court

On February 23 2018, the Administrative Court–City of Sofia ("ACCS") rendered a Judgment repealing two chapters of Decision P-1/31.07.2015 ("Decision...

Newssquare  Bulgarian Competition Protection Commission Launches A Sector Inquiry Into The Banking Sector

On 7 March 2018 the Bulgarian Competition Protection Commission ("CPC") announced a sector inquiry into the banking sector in Bulgaria covering the...

Newssquare  Bulgaria – Amendments To The Energy Act In Relation To REMIT To Be Reviewed By The Competition Protection Commission

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

Newssquare  Wolf Theiss Employment Spotlight – January 2018

May employers in Serbia access their staff's e-mails and what happens if employees in Romania record conversations with their managers or HR...

Newssquare  Bulgaria: Recent Employment Law Changes Restrict M&A Transactions for Bad Employers

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

 

Newssquare  Bulgarian Competition Watchdog Launches a Sector Inquiry into Electricity Markets

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

Newssquare  New Rules For Summarized Calculation Of Working Time In Bulgaria

On 1 January 2018 important amendments to the Ordinance on working time, breaks and holidays (the 'Ordinance') concerning the summarized calculation...

Newssquare  Bulgaria: Private Damages Directive Implemented

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

Newssquare  New Court Decision Confirms that Enterprise Pledges under Bulgarian Law Remain an Efficient Tool for Lenders

In its decision of 3 January 2018, the Sofia City Court followed Wolf Theiss' argumentation and confirmed that the privilege of first ranking...

Newssquare  Dispute Resolution Insider - Ninth Edition

Welcome to the 2nd Anniversary Edition of the DRInsider; the quarterly Newsletter of the Wolf Theiss Dispute Resolution Practice Group:

Newssquare  ОТСРОЧКА ЗА ПОСЛЕДНИТЕ МЕРКИ ОТНОСНО ЕЛЕКТРОННИТЕ ПЛАЩАНИЯ

На 27 ноември 2017г. Европейската комисия прие Регулаторните технически стандарти ("Техническите стандарти") към втората директива(1) на ЕС за...

Newssquare  Wolf Theiss Employment Spotlight - December 2017

Recall from annual leave in Poland & background checks in Slovenia - do you know the legal framework behind it? No? Read the latest edition of our...

Newssquare  Wolf Theiss Employment Spotlight - November 2017

Using fingerprints for recording attendance at work in Bosnia & Herzegovina & working from home at the employee's request in Croatia. These are the...

Newssquare  Wolf Theiss Employment Spotlight - October 2017

Did you know that there are limits to an employee's free speech in Hungary or would you know what's the limit to daily work hours in Austria. Read the...

Newssquare  The New Security of Gas Supply Regulation on the Horizon - The View of Austria, Bulgaria and Slovenia

On 16 February 2016, the European Commission officially presented the new Energy Security Package, which aims at increasing the role of the EC in the...

Newssquare  Arbitration Courts Will Not Hear Consumer Disputes

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

Newssquare  Further Pieces of MiFID II Puzzle Fall into Place

TECHNICAL STANDARDS BECOME EFFECTIVE

 

As 3 July 2017 gets closer, and January 2018 is also approaching rapidly, the regulators and the in-scope...

Newssquare  Dispute Resolution Insider - sixth edition

Welcome to the 6th edition of the DRInsider, the quarterly Newsletter of the Wolf Theiss Dispute Resolution Practice Group. We are happy to once again...

Newssquare  THE BULGARIAN COMMERCE ACT AMENDED TO PREVENT FALSIFICATION OF DOCUMENTS

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

Newssquare  IMPROVING THE POSITION OF SECURED CREDITORS UNDER REGISTERED PLEDGES IN BULGARIA

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

Newssquare  WASTE TO ENERGY HELPS TO SECURE EUROPE’S ENERGY FUTURE

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

Wolf Theiss Guides

Newssquare  The Wolf Theiss Guide to: Corporate Investigations in Central, Eastern and Southeastern Europe

The 2019 Wolf Theiss Guide to: Corporate Investigations in Central, Eastern and Southeastern Europe is intended to be a resource tool highlighting the...

Newssquare  GDPR one year later

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

Newssquare  M&A Spotlight: CEE / Wolf Theiss Corporate Monitor FY 2018

150 senior-level executives were asked to share their experiences and outlook on M&A in the CEE/SEE region and their expectations for the future....

Newssquare  The Wolf Theiss Guide to: Dispute Resolution in Central, Eastern & Southeastern Europe

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

Newssquare  The Wolf Theiss Guide to: International Arbitration in Central, Eastern & Southeastern Europe

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

Newssquare  The Wolf Theiss Guide to: Handling Business Crime Cases in Central, Eastern & Southeastern Europe

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

Newssquare  The Wolf Theiss Guide To: Licensing of Electricity and Gas Wholesale Activities in Central, Eastern & Southeastern Europe

Wolf Theiss is pleased to publish the second edition (2018) of "The Wolf Theiss Guide To: Licensing of Electricity and Gas Wholesale Activities in...

Newssquare  CURRENT STATUS OF AMLD 4 IN CEE

The EU 4th Anti-Money Laundering Directive (AMLD 4) was published in the Official Journal of the European Union on 5 July 2015 and should have been...

Newssquare  M&A Spotlight: CEE / Wolf Theiss Corporate Monitor FY 2017

Welcome to the newest edition of the WOLF THEISS Corporate Monitor’s M&A Spotlight on Central and Eastern Europe ("CEE"), which we are proud to...

Newssquare  Energy Efficiency in Central, Eastern & Southeastern Europe

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

Newssquare  M&A Spotlight: CEE / Wolf Theiss Corporate Monitor FY 2016

Welcome to the newest edition of the WOLF THEISS Corporate Monitor’s M&A Spotlight on Central and Eastern Europe ("CEE"), which we are proud to...

Newssquare  Restructuring Loans and Enforcement of Security

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

Newssquare  Generating Electricity from Renewable Sources in Central, Eastern & Southeastern Europe

Wolf Theiss is proud to announce the release of the seventh edition of its flagship publication "The Wolf Theiss Guide to Generating Electricity from...

Newssquare  Waste to Energy in Central, Eastern & Southeastern Europe

Wolf Theiss is pleased to publish the first edition (2016) of "The Wolf Theiss Waste to Energy Guide in Central, Eastern and Southeastern Europe" (the...

Newssquare  INSIDE CORPORATE - Corporate Monitor FY 2015

Together with Mergermarket, we have analysed the main drivers and challenges for corporate transactions in 2016 and beyond in each of the countries...

Newssquare  The Relevance of EMIR for Non-Financial Actors

doing OTC business in non-regulated markets with volumes of more than EUR 1-3 billion gross notional value ▪ Implications of Regulation 648/2012 on...

Newssquare  Implementation of the Directive 2011/61/EU on Alternative Investment Fund Managers (“AIFMD”) in selected CEE/SEE countries

Implementation of the Directive 2011/61/EU on Alternative Investment Fund Managers (“AIFMD”) in selected CEE/SEE countries. AUSTRIA - BULGARIA -...

Newssquare  WOLF THEISS Corporate Monitor FY 2014

INSIDE CORPORATE is a study of M&A activity - alongside macroeconomic and legal developments - in Central, Eastern and South Eastern Europe (CEE and...

Newssquare  WOLF THEISS Corporate Monitor HY/2 2013

We are delighted to announce that the second edition of the INSIDE CORPORATE – WOLF THEISS CORPORATE MONITOR report was published on February 6, 2014...

Newssquare  Public Debt Management in Central, Eastern & Southeastern Europe

Sovereign bond issues, derivatives and finance transactions with public bodies. In the aftermath of the Financial Crisis of 2009, the issuance of...

Newssquare  WOLF THEISS Corporate Monitor HY 1 / 2013

The Corporate Monitor will be released semi-annually and summarises key developments in “our” 13 jurisdictions. In cooperation with CEEMEA, we shed...

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