Year: 2021

Amendments in the Bulgarian Advocacy Act

The national special law regulating the requirements for and the exercise of the legal advocacy profession, the Advocacy Act of 2004, was amended with effect as from 2 March 2021 (see State Gazette, Issue No. 17 of 26 February 2021). As per the amendments: A single Bulgarian attorney-at-law (advocate) admitted to the Bar or an […]

Bulgaria M&A Brief Practical Notes 3

M&A is a process, a means to an end (that can often be summed up as “growth”). Integration is a critical phase of the process. A M&A deal does not end at the closing/completion. This is axiomatic knowledge, is it not? “From our perspective, we, M&A lawyers are good in finding efficiencies, synergies and opportunities […]

Bulgaria M&A Brief Practical Notes 2

The value of a startup is in its people (the founder/s and the key employees), the product(s) or service(s) and the main income sources (e.g. material contracts with key customers). We live in times when entrepreneurs are celebrated and their successes widely recognized. Times when startup companies can accelerate (thanks to factors such as new […]

Chambers Global 2021 Confirms Hristov & Partners Position

The latest edition of the prominent international legal directory Chambers & Partners Global confirmed Hristov & Partners position among the leading corporate and commercial law firms in Bulgaria. According to the directory’s testimonials and client feedback, our firm has been described as “an active corporate and commercial practice with noted strength in international transactions. Increasingly […]

Bulgaria M&A Brief Practical Notes 1

Most will agree that doing M&A deals is a science and an art. It usually requires teamwork, discipline, determination and resilience to see through an acquisition or a divestment respectively. The successful closing of a M&A deal and the successful post-closing integration critically depend on (i) strong business rationale of the transaction; (ii) availability of […]

Bulgaria Data Privacy Update: Q4 2020 Summary

Some notes/reminders for data controllers based on the Bulgarian Personal Data Protection Commission’s practice from the last quarter of 2020: 1. The requirement for a timely and motivated response to a data subject’s request (e.g. for access to or erasure of her/his personal data) is a separate obligation of the data controller and its violation […]