Yearly Archives: 2011

Securing a Future Action

By making provision for relief of future claims by way of injunction, the Law provides the creditor with the possibility to secure in advance his future claims against a debtor. The purpose of the procedure is to prevent the debtor from disposing of the property prior or during the legal proceedings to the detriment of...
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From 01.01.2012 onward EU citizens freely acquire land for a secondary residence and business purposes in Bulgaria

From 01.01.2012 onward the restriction to acquire land for a secondary residence or for business purposes is annulled for citizens of EU member-states, Norway, Iceland and Lichtenstein who are not permanent residents in Bulgaria, as well as for legal entities registered under the legislation of these states. The restriction was envisaged with the Transitional Measures...
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Registered Pledges

The registered pledge is a means of securing the execution of legal obligations. From among the registered pledges the ones of the greatest practical importance are those provided for in the Law on Registered Pledges[1]. The reason for that is the relatively detailed legal framework which provides for a balance in defending the interests of...
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