The long anticipated changes in the remote work regime are now a fact with the latest amendments and supplements to the Labour Code (the “LC”). Although they have gained wide publicity during the process of their adoption, in substance they did not lead to a significant change in the legal framework of the so-called ‘home […]
When will the FDI screening rules become applicable? On 08.03.2024 amendments to the Bulgarian Investment Promotion Act (“IPA”) were promulgated in the State Gazette, introducing criteria for foreign direct investments in Bulgaria, which will be subject to preliminary screening. However, the FDI screening will not yet be applicable in practice until the Council of Ministers
Bulgaria introduces a foreign direct investments (FDI) screening regime Read More »
At the end 2023 the Court of Justice of the European Union announced two judgments on issues related to the application of the General Data Protection Regulation (“GDPR“). Although adopted under specific cases, the judgments provide interpretations that are binding on all national law enforcement authorities within the European Union. Therefore, both judgements should be
Effective as of 13.10.2023, amendments and additions to the Renewable Energy Sources Act (RESA) and several other laws were promulgated in the Bulgarian State Gazette, which aim to develop the prospecting, exploration and use of geothermal energy. A small part of the amendment package is contained in the RESA, mainly definitions. The bulk of the
The new legal framework for geothermal energy in Bulgaria Read More »
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
New rules for employee’s business trips Read More »
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 »
