Novel Consult is pleased to offer our users an access to our modest collection of knowledge and expertise rendered by our professional Team members - offering legal, regulatory and financial commentary and information, covering almost any aspect of the law.

Before acting on any advice or recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.

Novel Consult endeavors to ensure that the information contained herein is correct. The material is based on information that we consider reliable, but it should not be relied on as such. If you believe these pages contain any errors or omissions, please do not hesitate to contact us. Opinions expressed are Our current opinions as of the date appearing on this material only. We shall try to update on a reasonable basis the information discussed in this material, but for any reasons we may be prevented from doing so.

 

 

Amendments to Bulgarian Labor Code

 

On July 1, 2006 the Amendments and Supplements to the Labor Code Act (ASLCA) entered in force. Changes cover almost all chapters of the Code. Major part of the reform is related to employees’ representatives in the enterprise. This fact imposes review of amendments divided in two main streams:

Dated 2006                 more

 

 

 

 

 

 

Institutionalization of the protection of competition in

the Republic of Bulgaria

 

The normative provisions of relations within the scope of competition protection are included mainly in the Protection of Competition Act (promulgated in issue 52 of the State Gazette of May 5, 1998, effective as of July 5, 1999) and in the State Aids Act (“SAA”) (promulgated in issue 28 of the State Gazette of March 19, 2002 and enforced as of June 20, 2002).  

 

more

Dated: 2005

Labor & Social Security Legislation

of Bulgaria

 

I. Bulgarian Labor Legislation 

Normative provision: The Bulgarian legislation related to labor law is characterized by codified and detailed provisions established in our Constitution, the Labor Code, a number of legal acts and many regulations and rules.

 

moreDated: 2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Companies under Bulgarian Law

Incorporation and Taxation

General Legal Frame

Dated: 2005

Under Bulgarian law business activities may be carried out through the following companies: Partnership (general, limited and limited by shares), Limited Liability Company and Joint Stock Company.                                                          more

Acquisition of Real Estates

Dated: 2005

The acquisition of real estate under Bulgarian law is regulated mainly by the Constitution of the Republic of Bulgaria, the Ownership Act, the Ownership and Use of Agricultural Land Act and the Civil Procedure Code.  more

 

Outsourcing of activities by means

of contracting out

Dated: 2005

Along with the introduction of market economy principles and the withdrawal of the state from the industry and services sector, together with the entry of foreign investors in these sectors, outsourcing has established itself in practice as a commonly used tool for reorganization and optimization of the business activities of enterprises. more

Bulgaria

Electricity Regulation 2006

published by Getting the Deal Through

 

more