December 2012

On the 4th of December 2012 Nelli Tascheva participated in a panel discussion on the investment opportunities in Bulgaria, organized in cooperation with Financial Times, the InvestBulgaria Agency and the Bulgarian Ministry of Economy, Energy and Tourism within the project “Popularizing the Advantages of Investing in Bulgaria”, held in Four Seasons Kempinski Hotel in Munich, Germany.

On November 7th – 8th 2012 in Sofia took place the Austrian Economic Mission – “Austrian companies looking for representatives in Bulgaria”, organized by the AdvantageAustria office in Sofia. 17 Austrian companies, looking for local representatives/partners, participated in the event. As part of the program attorney Nelli Tascheva presented a report on the legal regulation of the trade...

Recently transfer pricing has become a particularly topical issue due to the increased incidence of adjustments and controversies as a result of the active measures for collection of budget revenue. This is understandable because when associate companies or related parties transact with one another the prices and conditions negotiated between them are generally different from those prevailing...

Contractual relationships with an international element (that part of the relationship which links it with the legal systems of two or more countries) are a means for the implementation of the civil and commercial turnover that itself has long outgrown the boundaries of individual countries. The cross-border nature of these relationships poses the question of the applicable law – i.e. the...

Festive Philharmonic Concert in celebration of the Day of Sofia held on the 16th September 2012 at the Bulgaria Concert Complex under the patronage of Ms. Yordanka Fandakova, the Mayor of Sofia and the Culture 2012 Program of Sofia Municipality. The concert is co-financed by Law Firm Tascheva & Partner in support of the nomination of Sofia for European Capital of Culture 2019.

The Arbitration Proceedings offer a quick and effective procedure for the hearing of civil and commercial disputes. The Arbitration Court being a voluntary means of resolution of property disputes which the Parties cannot amicably settle between themselves has established itself as an alternative to the State court proceedings. Object of arbitration proceedings may be any civil or commercial...

As a member of the EU, Bulgaria has introduced all the significant norms of the EU law in its internal legislation. The Anti-Money Laundering Act stipulates a number of obligations affecting a considerable number of addressees, a big part of which are legal entities. The circle of these legal entities includes all insurers and registered insurance agents.

Repeal of the Regulation on the Award of Small Public Contracts The amendments to the Public Procurement Act repeal the Regulation on the Award of Small Public Contracts in order to reduce the number of different types of procedures for assignment of public contracts. The procedures which until now were assigned under the repealed Regulation are now regulated by the Public Procurement Act.

From the standpoint of legal theory the principle valid in bankruptcy is as follows: the moment the merchant falls into bankruptcy, respectively over-indebtedness – all his creditors form a particular group, namely that of the bankruptcy creditors of the debtor. It may well be the case that some of the creditors have found out about their debtor’s bankruptcy only after the opening of the...

Trading companies long since have passed beyond the borders of countries in which they have their registered office, central administration and principal place of business. Internationalization is gaining ground both in the sphere of activities and in the structure of the companies pursuing the increase of their profits and has put on the agenda the question of their correct and advisable...