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
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
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?
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?
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