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 […]
A new EU directive promoting gender equality Read More »
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
KDP became a corporate member of BBLF Read More »
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
In 2022, the question about free data flows between the European Union and the United States has been a hot topic. The end of March 2022 was a milestone moment as that was the time when the EU and the USA reached an agreement in principle on the so-called Trans-Atlantic Data Privacy Framework (you can
A new Vertical Block Exemption Regulation 2022/720 (“VBER”) entered into effect on 1 June 2022. It replaced Regulation 330/2010 which applied until 31 May 2022. The new VBER sets out amended rules for block exemption of certain vertical agreements from the prohibitions of Article 101 TFEU aimed at protection of competition in the EU market.
New Vertical Block Exemption Regulation 2022/720 in effect from 1 June 2022 Read More »
In a recent Position, the Bulgarian Commission for Personal Data Protection (“BCPDP“) has elaborated on whether an e-mail and a mobile phone number fall within the concept of “personal data”. The analysis was carried out at the request of the Ombudsman of the Republic of Bulgaria in connection to some proposed amendments to the Bulgarian
Are the email address and phone number considered personal data? Read More »
In the last days before its dissolution, the National Assembly managed to adopt the proposed amendments to the Labour Code. The tumultuous media reaction to them could leave the false impression that the only innovation was the introduction of child-care leave for fathers of children up to the age of 8 years. However, the changes
What is a non-solicitation or “no-poach” clause? A non-solicitation clause, also referred to as “no-poach” clause, is a contractual arrangement which limits the hiring and poaching of employees of a business. The effect of the non-solicitation clauses is similar to non-compete clauses, which typically aim to limit competition for customers. The non-solicitation clause limits the
Bulgaria: Non-Solicitation Clauses in Commercial Contracts Read More »
Pursuant to Directive (EU) 2018/2001 of the European Parliament and of the Council of 11 December 2018 on the promotion of the use of energy from renewable sources, and a measure from the National Recovery and Sustainability Plan of Bulgaria, and after serious debates and changes in the draft bill initially proposed by the government,
Komarevski, Dimitrov & Partners has advised the Bulgarian subsidiary of KONE Corporation, a global leader in the elevator and escalator industry, on the acquisition of Liftkom Service, a local leader in the maintenance of elevators and escalators. The acquisition was completed in the beginning of June 2022 and enlarged the coverage of KONE’s maintenance business
KDP has advised KONE on its acquisition of Liftkom Service Read More »
According to Art. 45, para. 1, item 13 of the Waste Management Act, for the persons placing packaged goods on the market has been introduced an obligation for registration in the public register maintained by the Bulgarian Executive Environmental Agency (“EEA”). With Art. 31, para. 1 of the Ordinance on the on the reduction of
