Bulgaria M&A Brief Practical Notes 4
What to consider in a tech acquisition due diligence in Bulgaria? Products and IPRs In Bulgaria copyrights in software developed by company’s employees belong to the company-employer, if created within the employment relationship and absent agreement with the employee to the contrary. Similar rules apply to inventions, but the company has a 3-month period upon […]
Hristov & Partners Confirms High Rankings in The Legal 500 2021 Edition
Hristov & Partners has been recognized again and highly ranked among the leading law firms in Bulgaria in the prominent international legal directory The Legal 500 EMEA 2021. Our firm confirms the Tier 2 rank in the two categories in which it exclusively competes since its foundation in 2013: Commercial, corporate and M&A and EU […]
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 […]
Pavel Hristov – Bulgaria Juror for the 2020 CEE Deals of the Year Awards
Our partner Pavel Hristov has been selected as a juror for the 2020 CEE Deals of the Year Awards — the most prestigious and sought-after peer-selected awards for the legal industry in Central and Eastern Europe. The CEE Deals of the Year Awards by CEE Legal Matters, the leading source of news and information about […]
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 […]
Proposal for Amendment of the Competition Protection Act (Part 2)
In this second part of our overview of the CPC’s proposal for amendments of the Bulgarian Competition Protection Act (the “Proposal”), we comment on some of its most important aspects. Mandate of the CPC The Proposal provides for an extension of the CPC members’ mandate from five to seven years. According to the CPC, the […]