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

29 Atanas Dukov Street
BG - Sofia 1407
T. +359 2 8613 700
E.  sofia@wolftheiss.com

Managing Partner

Anna
Rizova
Partner
T. +359 2 8613 700
F. +359 2 8620 370
29 Atanas Dukov Street
1407 Sofia
Bulgaria
Press Releases

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 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...

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...

Client Alerts / Newsletters

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...

Newssquare WOLF THEISS INTERNATIONAL IP/IT NEWSTICKER - DECEMBER 2016

A lot has happened since our last Newsticker in April 2016. In our new edition we reflect the latest developments in the jurisdictions of our CEE/SEE...

Newssquare The Bulgarian traders of energy products are facing the Market Abuse Regulation

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

Newssquare BULGARIA: READING BETWEEN THE LINES OF THE BANKING SYSTEM ASSESSMENT

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

Newssquare Restrictions on off-shore companies relaxed in Bulgaria, facilitating fund investment

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

Newssquare Brexit: What's next for real estate developers, contractors and funders in CEE

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

Newssquare Bulgaria: new draft Concessions Act published

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

Newssquare Regulatory Push to Unlock NPL Sales in Bulgaria

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

Newssquare ШЕСТ МЕСЕЦА ДА УТОЧНИМ СТОКИТЕ И/ИЛИ УСЛУГИТЕ, ЗА КОИТО ТЪРСИМ ЗАКРИЛА ЧРЕЗ МАРКАТА НА ЕВРОПЕЙСКИЯ СЪЮЗ

Дългоочакваните промени в европейската правна рамка на търговските марки вече са факт - Регламент (ЕС) 2015/24241 ("Регламентът"), който е с пряка...

Newssquare THE NEW ENERGY SECURITY PACKAGE - A STEP FORWARD TO EUROPEAN NATURAL GAS SECURITY OF SUPPLY

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

Wolf Theiss Guides

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

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

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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