Articles

No more bearer shares for the Bulgarian companies

The shares of the Bulgarian joint-stock companies and limited partnerships with shares should be only registered, i.e. issued to a specific natural or legal entity, but no longer to bearer shares as of October 23, 2018. The change is introduced in relation to the European Parliament and Council Directive on the prevention of the use

IS THE CONSENT ALWAYS REQUIRED FOR DATA PROCESSING?

I had to apply for issuance of a real estate layout and a tax assessment certificate two weeks ago. While I was submitting the applications the officials asked me to sign declarations and to give my consent for the processing of my personal data in order to get the administrative services I was applying for.

2017 International Advisory Experts (IAE) Awards

Petya Noycheva & Partners has won top honours in three categories at the 2017 International Advisory Experts (IAE) Awards: Commercial Law, Contract Law and Intellectual Property.   The  IAE annual awards celebrate extraordinary law firms that have enjoyed sustained peer-recognised success and growth over the past calendar year. Nominees are researched by both the IAE research

Classification of Goods and Services in Mark Registration

You have a product/service and have thought up a mark for it. You have checked if that mark is free. The next step is to classify it to the class of goods or services that your product/service belongs to. Marks are registered for certain goods and/or services that you intend to designate by your mark

The Need for DPO (Data Protection Officer)

The new General Data Protection Regulation (GDPR) has been increasingly discussed since the beginning of 2018, and the fact how many new rights, duties and restriction have been introduced for everybody collecting and processing personal data (also called Personal Data Controller). As a matter of fact, the changes are not small, but yet not too

The obligation to announce an annual financial statement in the Commercial Register for companies that had not been active was waived

Amendments to the tax legislation entered in force from the beginning of 2018 which waived the obligation of the companies to announce an annual financial statement in the Commercial Register in case the company have not been active during the previous year. Instead of announcing an annual financial statement, the managers of these companies should

SUMMARY DISMISSAL for Employers

Imposition of disciplinary punishments is set forth in details in the Labour Code and employers have had sufficiently long time to develop skills for its application. Nevertheless, there are numerous judgments whereby employers have been convicted to pay their employees significant compensations due to cancellation of illegal dismissal, and in many cases to get them

Trade mark registration

In my article When and should I register a Name as a brand I discussed the issue in which cases you should keep your name as a trade mark and how to choose a name/logo. In my article In which countries to register your own brand I discussed what trade mark to register – national,

Changes in Foundations and Associations

The amendments to the Act on the Commercial Register and the Non-profit Legal Entities Register have entered into force since the beginning of 2018. The major change concerning the involved parties and managing associations and/or foundations is the transfer of the register of non-profit legal entities, such as associations and foundations, from the regional courts