Radev & Co. acted for KAEM Company, which is a global leader in the sale of construction and renovation products. The company sells its products in 23 countries, including the entire Europe. We performed a comprehensive risk analysis of a commercial contract consequently executed between KAEM and Praktiker. The work included the identification of a […]
We Won EUR 200k in a Civil Action Case
We brought a civil action on behalf of a private client who sought to declare a real estate contract null and void. The grounds for asking the Court to invalidate the contract were that the latter was concluded under threat and financial duress. As a result of the efforts of our litigation team, the Court […]
Radev & Co. Acted for Streamlined Windsurfing
Radev & Co. successfully represented Streamlined Windsurfing Corporation in European trademark proceedings before the EUIPO (former OHIM). Streamlined Windsurfing is headquartered in San Diego, California, and is long-recognized in the US and Europe for producing high-performance windsurfing equipment.The company sought to protect its trademark on the EU market through the filing of a European trademark […]
We Acted on the Restructuring of Atina Consult
We acted on all aspects of the restructuring of Atina Consult Ltd. — a mid-sized Bulgarian company focused on real estate trading in Bulgaria. The work included the preparation of all necessary share purchase agreements and decisions so to effect the sale of shares between the limited partners. We have closed the deal with the subsequent filing […]
We Advised HotSkiPass Ltd.
We advised HotSkiPass Ltd. — a quickly developing startup offering discount ski passes — on the legal aspects of their online Ski Pass platform. The work included negotiating and drafting a comprehensive bilingual manufacturing contract between our client and its subcontractors. We have also devised a comprehensive strategy concerning European trademark registration and Bulgarian trademark registration.
Radev & Co. advised Koelner-Bulgaria, Ltd.
Radev & Co. advised Koelner-Bulgaria Ltd., a Bulgarian registered company, part of the Rawlplug Group which is an international holding company, comprising manufacturing and distribution companies from 16 countries worldwide. We advised the company on competition and commercial law aspects originating from its commercial transactions in Bulgaria and the nearby region. We have also advised […]
Radev & Co. Negotiated a Settlement between Snack Producers
We successfully acted for Black Sea Snacks Ltd., a local producer of processed nuts, in trademark opposition proceedings before the Bulgarian Patent Office. We negotiated a favorable settlement between our client and its competitor Lajkonik Holding AG — a global leader in the production of snack products — which grounds for the opposition was a […]
Company Registration in Bulgaria
The company formation and company registration in Bulgaria is fairly quick and simple process. We go through the formation and registration of a limited liability company in Bulgaria with both a single shareholder and multiple shareholders. In Bulgarian language, these are called EOOD, in case of only one shareholder, and OOD if more than one […]
Intellectual Property in Bulgaria
The legal framework on intellectual property in Bulgaria includes three levels of legislation: international agreements ratified by Bulgaria that became part of its internal legislation; national laws and regulations; EU legislation (regulations and directives) in the field of intellectual property. Bulgaria has ratified a number of international acts and treaties on intellectual property including but […]
International Trademark
The registration of international trademark in the International Register produces the same legal effect as if that same trademark had been registered separately in each Contracting State* designated by the applicant. This means that an international registration is equivalent to a bundle of national registrations. Moreover, the trademark holder may designate subsequently more Contracting Parties […]
European Trademark Registration
The Community/European trademark registration provides protection in all 28 EU Member States through the filing of a single Community/European trademark application. Fundamental Characteristic of the European Trademark The European trademark has equal effect throughout all EU Member States. The intellectual property rights originating from the Community trademark cannot be designated or restricted to the territory […]
Trademark Registration in Bulgaria
Are you seeking to obtain trademark registration in Bulgaria? Contact us now and we will inform you about all options, requirements, fees, time frame etc. All consultations are free. Once the application is filed the applicant is not allowed to make any changes in the mark. An individual filing a trademark application in Bulgaria should be […]
Antitrust/Competition in Bulgaria
The antitrust/competition in Bulgaria is regulated by national and EU legislative provisions. On a national level, the central legislative act is the Protection of Competition Act (PCA), which to a large extent derives its principal provisions from Articles 101 and 102 of the Treaty on the Functioning of the European Union (TFEU, i.e. Articles 81 […]
Monopoly and Dominant Position in Bulgaria
The nature of monopoly and dominant position under the Protection of Competition Act (PCA) in Bulgaria. A position of an enterprise is considered to be monopolistic if that undertaking, by virtue of the law, has been granted exclusive rights to carry out certain economic activity. A monopoly position shall be granted only by virtue of […]
Prohibited Agreements and Concerted Practices
What market conducts shall be considered prohibited under the Protection of Competition Act in Bulgaria? The Bulgarian Protection of Competition Act (PCA) provides general prohibition on all kinds of agreements, decisions and concerted practices between two or more undertakings that are aimed at preventing, restricting or distorting the fair competition on the relevant market. 1. […]
Merger Control in Bulgaria
The legal definition of merger control in Bulgaria strongly resembles the one provided by Council Regulation (EC) No 139/2004 (the EC Merger Regulation), and it reads the following: A concentration shall be deemed to occur where a change of control on a lasting basis results from: (a) the merger of two or more previously independent […]
Insolvency in Bulgaria
The Bulgarian Commerce Act explicitly provides the following grounds for initiation of insolvency in Bulgaria: Insolvent Merchant The insolvency proceedings in Bulgaria shall be instituted for merchants who are insolvent. In the sense of the Commerce Act, “insolvency” translates as the inability of a merchant (sole trader or company) to execute its payable pecuniary obligation […]
Mergers and Acquisitions in Bulgaria
The techniques for mergers and acquisitions in Bulgaria are set forth in the Commerce Act which distinguishes the following types of business transformations: Takeover Merger Splitting Spinning off Transformation by change of the legal form Transformation by transfer of property onto the sole owner With all mergers and acquisitions in Bulgaria, receiving and the newly-established […]
Joint Stock Company in Bulgaria
Step Plan for Incorporation of a Joint Stock Company in Bulgaria I. Constituent Assembly A Bulgarian joint-stock company (JSC) shall be incorporated at a constituent meeting attended by all the persons subscribing shares. A founder may be represented by a special proxy whose signature must be certified by a notary public. The Constituent Assembly shall […]
Business Acquisition in Bulgaria
An acquisition of a registered Bulgarian company or other business can be effected through either an asset purchase (asset acquisition) or a share purchase. Deciding which of the two techniques to utilize depends on the objectives of the acquirer. Asset Acquisition in Bulgaria For example, if the purchasing company is interested in a piece of land […]
Company Types in Bulgaria
The Bulgarian Commercial Act differentiates the following commercial company types in Bulgaria: Limited Liability Company Joint Stock Company Partnership Limited by Shares Unlimited Partnership Limited Partnership We start with the most popular company type when it comes to company registration in Bulgaria – limited liability company. Limited Liability Company A limited liability company in Bulgaria […]
How to Get VAT Number in Bulgaria?
A VAT number in Bulgaria can be obtained only by a person who successfully went through a registration for VAT in Bulgaria. Only a person who has already obtained a Bulgarian VAT number can charge VAT. First, an entity has to be registered for general tax purposes in Bulgaria. The general tax registration occurs automatically […]
Grounds for VAT Registration in Bulgaria
Under the Bulgarian VAT Act, subject to registration is any taxable person who is established in Bulgaria and makes a taxable supply of goods or services. Subject to VAT registration is also any taxable person not established in Bulgaria who makes a taxable supply of goods or services other than those for which the tax […]
VAT in Bulgaria
The rate of VAT in Bulgaria is 20%, which is somewhat low compared to other countries from the CEE region. For example, the rate in Greece and Poland is 23%. The Bulgarian VAT Act provides for 9% reduced rate for hotel accommodation. Which transactions are subject to VAT? In general, subject to VAT in Bulgaria […]
Why Register Company in Bulgaria?
This article presents a brief overview of the key benefits from the formation and registration of company in Bulgaria. The following characteristics refer to a multiple owner limited liability company (OOD), single owner limited liability company (EOOD), single shareholder joint stock company (EAD) and multiple stockholder joint stock company (AD). What is the corporate income […]