On 29.03.2024 an Act amending and supplementing the Labour Code was promulgated in the State Gazette No 27. The changes entered into force on 01.04.2024. In this article is summarising the most important changes. Requirements for the content of the employment contract in case of remote work In addition to the essential elements of the […]
We are pleased to share with all our clients that Nikolov & Partners Lawyers’ Partnership has been successfully certified with ISO 9001:2015 accreditation by one of the world’s leading assessment auditors – Lloyd’s Register. The successful accreditation process has confirmed that our law firm’s quality management systems are designed and operated in a way enabling […]
According to the current legal provisions only new power plants which correspond to the below -mentioned requirements could benefit from the compulsory purchase of electricity at preferential prices. These are power plants with combined cycle and indirect use of biomass which shall be constructed in urbanized territories, agricultural sites and production area and: having installed […]
Since the five – member jury of the Supreme Administrative Court left without consideration the appeals filed by the majority shareholders in Corporate Commercial Bank against the decision of the Bulgarian National Bank to withdraw the banking license, the bankruptcy court proceedings were resumed. In the last day of the statutory seven-day term the court […]
A three-member jury of the Supreme Administrative Court left without consideration the appeals filed by the majority shareholders in Corporate Commercial Bank. The court stated that the shareholders did not have any direct interest in appealing the resolution of the Central Bank for withdrawal of the license since they were only indirectly affected by the […]
On 08.01.2015 at 10.00 am in the office of the State Energy and Water Regulatory Commission (SEWRC) public discussions shall be held on a report for amendment to preferential prices of electricity produced from biomass A working group within SEWRC has prepared a draft report, pursuant to which it suggests amendments to the effective preferential […]
Bulgaria will keep its flat tax rate of 10%, Bulgarian National Assembly has decided, rejecting motions to re-introduce progressive taxation. Members of parliament from the minority government coalition of centre-right GERB and right-wing Reformist Block have introduced draft bill for amendment of the Bank Bankruptcy Act aiming to disallow the set-offs at Corporate Commercial Bank […]
Sofia City Court has stopped bankruptcy proceedings launched at Corporate Commercial Bank (CorpBank). This was done it the first court session on the bankruptcy case held on Monday 24 November 2014. The bankruptcy procedure was suspended due to the appeals filed by CorpBank’s majority shareholder – Bromak and other shareholders and depositors with the Supreme […]