On 10.10.2023, the long-awaited amendments to the Labour Code (the “LC”) concerning the removal of the employment record were promulgated in the State Gazette. Even before their official publication, these amendments caused a wide public response, as the general perception of the employment record was that it was obsolete and its functions were more related …
What comes ahead after the removal of the employment record? Read More »
What is PPA? A PPA (Power purchase agreement) is a contractual agreement for the sale of a certain amount of energy that is generated by a renewable energy source (RES). Usually, PPAs are concluded for a relatively long period of time (between 10 and 20 years) for a fixed price, or for a price linked …
On 14.07.2023 certain amendments to the AMLA were promulgated in the State Gazette, which are transposing the requirements of the Fifth Anti-Money Laundering Directive (Directive (EU) 2018/843) and introducing additional measures to improve the anti-money laundering and anti-terrorist financing mechanisms. The amendments to the AMLA introduce significant changes to the way beneficial owners are disclosed …
The European union is steadily progressing towards its goal of “A Union of Equality: Gender Equality Strategy (2020-2025)”. In this context, the Women on Boards Directive was adopted a few of months ago (check out our alert on this topic here). In May the Directive (EU) 2023/970 of the European Parliament and of the Council …
Equal pay for equal work – upcoming legal changes and challenges for the employers Read More »
On April 26th 2023 the European Commission (the “Commission”) announced its views on the implementation of the pharmaceutical reform in the European Union. The proposals of the Commission are determined to be the largest reform in this matter over the last 20 years. The Commission adopted a proposal for a new Regulation and a new …
A new strategy for the European Union pharmaceutical regulation Read More »
We all know that the rules on business trips under the Bulgarian law have been amended as this matter has been all over the news. Most certainly, the main accent is on the financial aspects of the legislative changes. The minimum amount of the daily allowances in cases of business trips within the territory of …
Our Managing Partners have been recognized in the 2023 edition of Chambers and Partners Global. We would like to thank all our clients who invest their time to be part of the research process! And of course, this would not be possible without the commitment of our astonishing team! It is admirable and exciting to see our …
KDP ranked by the Chambers and Partners Global 2023 Read More »
There has been a very recent stir in the EU-US relations regarding the flow of personal data across the Atlantic. After reaching a cornerstone agreement on a new Transatlantic Data Privacy Framework (“TADPF”) back in March this year (you can recall our review of the matter here), the two Parties are yet another step closer …
The European Commission paves the way for a new EU-US data transfer deal Read More »
With a decision of 22 November 2022, the European Parliament put an end to the nearly ten-year-long procedure for the adoption of a Directive on improving the gender balance among directors of companies listed on the stock exchange and on related measures (the Directive). The final text was signed by the representatives of the European …
Proud to share that KDP is officially a corporate member of The Bulgarian Business Leaders Forum (BBLF) – a prominent business association that promotes and encourages transparent governance, corporate social responsibility and sustainable development of the private sector. We believe that together we can contribute to a better business ecosystem based on ethics, innovation and …
Bulgaria is now one step closer to becoming an attractive venue for entrepreneurs who want to start developing an innovative business. With the introduction of the new Startup visa rules, our country ranks with other European states where similar legal opportunities have existed for a long time. The startup visa is a certificate for a …
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