Corporate and commercial

Company registration  The law firm prepares the legal framework needed for the registration of a company according to the relevant acts and the competent authority in the country. It performs the necessary procedure and prepares the required documents pursuant to the type of the company:

  • limited liability company;
  • joint-stock company;
  • general partnership;
  • limited partnership;
  • partnership limited by shares;

Regardless of the nationality of their founders, all companies registered here are considered to be legal entities which are established and existing under Bulgarian law. Mergers and Acquisitions The law firm implements consolidation of companies. Either purchase of one company by another, or the blending of two companies into a new entity. We assist the clients with the appropriate for mergers and acquisitions and provide advice concerning the drafting, negotiation, and performance of contracts for the sale of portions of the business. Liquidation The liquidation is the last stage of existence of a trading company when it no more exercises business activities or does commercial transactions. It involves four stages:

  • Notifying the creditors of the company that the business activities are stopped as the notification is recorded in the commercial register;
  • Establishing the volume of the company‘s assets and submitting a report and a balance sheet;
  • Recovery of outstanding claims, fulfillment of all obligations as well as transformation of the company assets into money;
  • Dividing between the partners entire assets remained after the fulfillment of the obligations and the recovery of outstanding claims;

The law firm performs execution of the activity of a liquidator and takes all the necessary actions in the procedure of liquidation of commercial companies and non-profit associations in accordance with the current legislation; Insolvency Insolvency occurs when a trader or a company is not capable to pay their monetary obligations due that originate from their business activity. The law firm provides:

  • legal representation of a creditor/debtor in taking actions for opening insolvency proceedings;
  • Legal assistance in drawing-up objections, a request for the admission of taking protective measures and/or a restructuring plan in filing with the court of a motion for opening an insolvency procedure;
  • Legal assistance in preparation/participation in the meeting of the creditors specified by the court;
  • Challenging the court rulings rejecting the motion for opening an insolvency procedure and/or the court rulings on the opening or termination of the insolvency procedure;
  • Legal support of the activity of a trustee in bankruptcy upon ongoing insolvency procedure;

Commercial contracts The law firm renders professional legal assistance in the preparation of general conditions for the conclusion of transactions by a trader. We also provide

  • Legal advice on the institute of commercial sales and legal assistance;
  • Preparation of commissions and the necessary legal assistance regarding to them;
  • Preparation of forwarding and carriage contracts, current account contracts, deposit contracts and any other contracts upon client’s request and according to the commercial legislation;

Competition Bulgarian Competition law provides protection against agreements, decisions and concerted practices, abuse of monopoly power, dominant and all other acts and actions that can lead to the prevention, restriction or distortion of competition in the country or affect trade between parties as well as unfair competition. In this area the law firm provides representation and legal assistance in filing a complaint:

  • against actions contradicting the good practice and impairing the interests of the client;
  • against misleading actions, misleading and/or comparative advertising and/or imitation;
  • unfair competition aimed at unfair acquisition of clients;
  • against non-compliance with the prohibition for a disclosure of business or trade secrets;

 

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