Publications

Atelier or Apartment?

A few particularities that should be taken into account before purchasing an atelier. The purchase of an abode is an important event both in life and in economic aspect. In order to prevent unwanted surprises, purchasers should do a careful research on the ownership of the property, they should find out whether there are foreclosures, mortgages or other land charges, … Continue reading Atelier or Apartment?

How to Travel Abroad with the Child in Case of Divorce

The problems with taking a child abroad after separation with the spouse. According to statistics the percentage of marriages ending in divorce continues to increase – not only here but in most European countries. The marriage oath ‘until death do us apart’ is rapidly losing its sense. Despite their desire to move on separately, the divorced spouses have to communicate … Continue reading How to Travel Abroad with the Child in Case of Divorce

Are We “Green” to Buy “on the Green”?

Sofia’s slogan “Grows but does not age” is becoming more and more relevant these days. For the last 10 years the capital has acquired a new look and has rapidly replaced the panel buildings with new modern housing constructions. The municipality is overloaded with requests for building permits, the notaries – with deals for huge sums, and the court – … Continue reading Are We “Green” to Buy “on the Green”?

War on Cash

The planned legislative changes on cash payment limits are part of the measures in the war on terrorism and the fight against the grey sector and tax evasion.   War on Cash is not a name of Hollywood super production. It is a slogan used by the European press to describe the European Commission’s experience abruptly limiting cash payments in … Continue reading War on Cash

What is a Parking Space and Why is the Law Silent about It?

What is a parking space? The legal theory and practice are still looking for the answer to this question, but the law is silent about it. The lack of a legal definition and a normative regulation for the parking space regime creates obstacles in the development of their construction and transfer of their ownership. With the 2004 construction boom, parking … Continue reading What is a Parking Space and Why is the Law Silent about It?

Enforcement on a Pledged Commercial Undertaking in Case of Insolvency

The Law on Registered Pledges (LRP) stipulates that the initiation of bankruptcy proceedings shall not stop an already commenced execution on pledged property. Given such a scenario, the insolvency administrator should pass the pledged property to the creditor, who has the right to sell it on their own behalf and to the expense of the debtor. Should the sale fail … Continue reading Enforcement on a Pledged Commercial Undertaking in Case of Insolvency

How to Get Money from Banks with Withdrawn License

The public dispute about the Corporate Commercial Bank is rising multiple questions about the procedure, the authorities, and the rights of the depositors. The bank continues to be under special supervision and it is still not clear when and how will the investors be compensated. Here is what the current legislation has to say about the question. The Bank Deposit … Continue reading How to Get Money from Banks with Withdrawn License

Will the Expected Amendments to the Film Industry Act Boost Investor Interest

The bill to amend and supplement the Film Industry Act (“the Act”), proposed late last year by Bulgarian filmmakers, has stirred up a discussion on whether the introduction of tax credit in this field is the long-sought panacea to revive Bulgarian cinema or just another imprudent move aimed at using the otherwise positive experience of others in this area, among … Continue reading Will the Expected Amendments to the Film Industry Act Boost Investor Interest

Problems with Transfer of Property between Spouses with a Matrimonial Agreement

The new Family Code, taken effect as of valid from October 1, 2009, introduced for the first time in the Bulgarian legislation the institution of the matrimonial agreement as a tool to regulate relations between persons who are about to get or already are married. The matrimonial agreement can include clauses regarding spouses’ rights on property acquired before or during … Continue reading Problems with Transfer of Property between Spouses with a Matrimonial Agreement