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Completion Mechanisms - Completion Accounts vs Locked Box Accounts (Part 1)

Completion Mechanisms – Completion Accounts vs Locked Box Accounts (Part 1)

A very basic question when structuring an M&A transaction is which completion mechanism[1] to use. In the article below, we touch upon the legal aspects of the two most widely used completion mechanisms in the acquisitions of private businesses: Completion Accounts Mechanism and Locked Box Accounts Mechanism. For the sake of good order, we’ve split […]

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New requirements for the remote work and the "right to disconnect" - what comes after the latest amendments to the Labour Code?

New requirements for the remote work and the “right to disconnect” – what comes after the latest amendments to the Labour Code?

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

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Equal pay for equal work – upcoming legal changes and challenges for the employers

Equal pay for equal work – upcoming legal changes and challenges for the employers

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

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A new strategy for the European Union pharmaceutical regulation

A new strategy for the European Union pharmaceutical regulation

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

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The European Commission paves the way for a new EU-US data transfer deal

The European Commission paves the way for a new EU-US data transfer deal

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

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KDP became a corporate member of BBLF

KDP became a corporate member of BBLF

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

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The new Startup visa encourages third countries entrepreneurs to develop their business in Bulgaria

The new Startup visa encourages third countries entrepreneurs to develop their business in Bulgaria

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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New step towards a legal framework securing free data transfers between the EU and the US

New step towards a legal framework securing free data transfers between the EU and the US

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

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