The broad range of rights and obligations affected requires swift alignment of employers’ internal procedures and practices with the regulatory changes. As of 1st of August 2022, significant amendments were introduced to the Labour Code, the Social Insurance Code, the Health Insurance Act with the Act on Amending and Supplementing the Labour Code. They concern the issue of amendment of … Continue reading New amendments to the Labour Code. Overview of the highlights
The mindset of making a fast and handsome profit from residential development poses risks for both inexperienced investors and buyers. There is hardly a need for a long presentation of the real estate market in Sofia and larger cities at this point. A highly vibrant market, with a record number of transactions, weekly rising prices, thousands of housing units under … Continue reading The real estate market – bubble or springboard
In times like today where branding, presentation and web-presence are seen as key to successful business, brand protection is going from a good idea to a necessity. Trademark registration is the first of the reasonable steps to take as we consider the image, substance and direction of our company and brand. Why is branding important and what benefits does it … Continue reading Trademark protection – from a recommended step to a necessity
The space that we are all used to calling a terrace may, in fact, not be a terrace, but a balcony or loggia. The law uses three different terms when regulating these specific spaces of your home. The reason is their constructive specification and how much a change to the construction would reflect on the stability of the building. What … Continue reading Balcony, Terrace, Loggia – which of them requires a building permit?
Who can plead force majeure in relation with the coronavirus and when? With a resolution of the National Assembly on March 13, 2020, a state of emergency has been declared in relation to the growing pandemic of the COVID-19. In accordance with Order No. 01-143 of March 13, 2020 issued by the Minister of Health, any visits to restaurants, bars, … Continue reading Does COVID-19 Relieve Us of Contractual Obligations?
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?
The legislative amendments envisage storage of information about shipments with cash on delivery for a 5-year period with the aim to tax particular transactions. Probably everyone has an acquaintance that sells diverse goods online and thus generates an income which often exceeds the average salary in the state. How many of your acquaintances duly follow the obligations for e-commerce? Probably … Continue reading What Should We Know If We Sell Goods on the Internet
Among the most important matters regarding the latest alterations in the Code of Criminal Procedure is “Acceleration of the criminal proceedings” – arranged in Chapter 26. The alterations have been in force since November 5. They have raised controversy and will probably continue to do so. A new legal term First and foremost, the used by the legislator term “acceleration” … Continue reading Acceleration of the Criminal Proceedings
Why is it important for the business that trademarks be registered? The old maxim goes that a person first works for their name, then the name works for them. This rule applies in full force for the business. Establishing a new manufacture or going through the first steps of a new company is no easy task – finding a new … Continue reading Trademarks – Part of the Formula for Successful Business
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
The rapid technological revolution has allowed us to hold at the palm of our hand a device, embodying a phone, computer, camera, store, bank, tourist agency, and map of the world, the New York stock exchange and what not. Digital technologies will take an even greater place in our lives – from social needs, to shopping and money management, communication … Continue reading iAPC – Will the Administrative Justice Enter Our Pockets?
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”?
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
In the past few years have witnessed multiple vivid examples of adjudging disproportionately high court expenses on cases regarding collection of receivables. Such are typically cases of mobile operators, district heating companies, electricity suppliers, water suppliers, etc. One of the reasons for the high expenses is the legal advisory fee. Since the end of January 2017 amendments in the Civil … Continue reading Legal Advisory Fees under Control
The elimination of the inner European borders and the globalization of the economy inevitably lead to more business cooperation between Bulgarian companies and their foreign partners. This makes enterprises send employees on business trips more frequently – about project activities, conducting negotiations, etc. Since the beginning of 2017 amendments in the Labor Code connected with business trips abroad have come … Continue reading Business Trips Abroad – What New?
New amendments in the Labour Code were published in issue No. 105 from 30.12.2016 of the State Gazette. We present some of the most important amendments which are applicable as of 30.12.2016, respectively as of 01.01.2017. Rights of employees or workers who are on business trips or who are sent to work in other countries A fine line of differentiation … Continue reading The New Amendments in the Labour Code
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?
Why is it important that Bulgarian citizens and companies subscribe for SMS notifications when changes in their firm and property batch occur? Think about how organized groups call hundreds of pensioners every day in an attempt to entrap them in tested telephone schemes. Now imagine these same people, instead of digging through old phonebooks, carefully looking through your financial accounts … Continue reading SMS against Headaches
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
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
Is the absolute prescription apt to discharge the figure of the eternal debtor? During the last year there have been active discussions about introducing the absolute prescription for obligations of natural persons. A new project for the amendment of the Obligations and Contracts Act was introduced. The project aims to solve a number of problems in the civil turnover: • … Continue reading Absolute Prescription with Misspellings
How not to bay BGN 5 000 for a BGN 350 debt. The so-called fast loans (i.e. loans for under BGN 400) have become especially relevant recently. On one hand, because of the discussion that arose from their regulation, and on the other hand – because of the ever increasing activity of companies which provide such loans. The examples of … Continue reading Fast Loans, Citizens and the State
The establishment of a simplified, fast, uniform and effective procedure for defence against inexecution of obligations regarding civil and commercial matters is an essential purpose of the adopted by the EU policy for unifying the various national procedures. Regulation No. 861/2007 poses a part of these efforts and creates the European Small Claims Procedure. The main purpose of the document … Continue reading European Small Claims Procedure – Regulation No. 861/2007
One of the main purposes of the creation of the European Union is the establishment of a single market between the subjects of the Member States that allows the free flow of capital, goods, services and persons. This provides the opportunity for free establishment and development of connections between the subjects, which stimulates the growth of commercial, civil, real and … Continue reading European Order for Payment – Regulation No. 1896/2006
The contract for acquisition of property against life care obligations belongs to the so-called “unnamed contracts”. This means that there is no specific normative framework to arrange it. During the last years, this legal institute has gained vast popularity, determined by the public and economic relations in the state. In short, the subject of this type of contract is the … Continue reading Contract for Acquisition of Property against Life Care Obligations
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