Bulgaria’s Covered Bonds Act – Tsvetkova Bebov & Partners as Consultants
On 29 March 2022, the new Bulgarian Covered Bonds Act was promulgated in the country’s State Gazette, launching a new era in covered bonds regulation in Bulgaria.
New Rules for Consumer Protection and Transactions with a Digital Element
From the beginning of 2022 significant legislative changes have been made in the field of consumer law, aimed at modernizing consumer protection rules and adapting them to the digital economy. A new Act on the Provision of Digital Content and Digital Services and on the Sale of Goods (hereinafter referred to as “APDCDSSG”) entered into force on 1 January 2022, while amendments to the Consumer Protection Act became effective on 22 May 2022 (hereinafter “CPA”).
The New Regulation on Health Technology Assessment in the European Union
In January 2022, the new Regulation (EU) 2021/2282 of the European Parliament and the Council of the European Union of 15 December 2021 on health technology assessment (the “HTA Regulation”) entered into force on the territory of the European Union.
Why Dronamics Capital chose Tsvetkova Bebov & Partners
On January 18, 2022, CEE Legal Matters reported that Tsvetkova Bebov & Partners had advised Dronamics Capital on its IPO and listing on the Beam market of the Bulgarian Stock Exchange. CEE In-House Matters spoke with Svilen Rangelov, Co-Founder and CEO at Dronamics Capital to learn more about the matter.
Tsvetkova Bebov & Partners have advised the sellers on the sale of 100% of the shares in the capital of Transact Europe Group to GreenBox POS
The circa $28 million transaction closed in early April, 2022. The closing followed clearance of the transaction from the Bulgarian National Bank and the Commission for Protection of Competition, as well the meeting of a range of other CPs.
Energy Transition with RES, Batteries and ESG
According to its recovery plan, Bulgaria aims to achieve energy independence and security, increased employment, and positive environmental effects.
Home office inspections scheduled in 2022
The Bulgarian General Labour Inspectorate announced the start of a campaign aiming at inspection of the working conditions of the employees working from distance. A new methodology for monitoring legal compliance of the distance work practices in Bulgaria will be used allowing employers to electronically submit self-check questionnaires on the working conditions applied.
Bulgarian Commission for Protection of Competition has set its priorities for 2022
In light of the obligation of the Bulgarian Commission for Protection of Competition (“BCPC”) to determine annually its enforcement priorities during the respective calendar year, taking into account the current economic situation, the need to increase competition in certain markets or to improve the market conditions, BCPC with its Decision No. 80/27.01.2022 adopted its annual priorities for initiating antitrust proceedings, and proceedings concerning unfair competition and unfair commercial practices.
Abuse of dominance by medical institutions in Bulgaria
January 28, 2022, Kluwer Competition Law Blog
Tsvetkova Bebov & Partners has advised Dronamics Capital on IPO and listing on the Beam market of the Bulgarian Stock Exchange.
According to the firm, “Dronamics Capital [is] a special purpose vehicle established with the main purpose of investing the raised capital in Dronamics Global Limited … [making] this transaction akin to a special purpose acquisition company IPO.”
The Buzz in Bulgaria: Interview with Nikolay Bebov of Tsvetkova Bebov & Partners
Political stability, managed inflation, and support plans for the most vulnerable social groups and businesses could ensure a financially stable year in Bulgaria, according to Tsvetkova Bebov & Partners Managing Partner Nikolay Bebov.
Nikolay Bebov, Damyan Leshev and Eleonora Mateina have written a comprehensive legal guide to The Law Reviews M&A Chapter for Bulgaria, edition 15.
The Mergers & Acquisitions Review provides a practical overview of global M&A activity and the legal and regulatory frameworks governing M&A transactions in major jurisdictions worldwide.