Liquidation of un-reregistered companies now has started
The long wait for the compulsory company liquidation of un-reregistered companies is now over. It has been one year and four months and the Registry Agency is finally ready with the paperwork and the procedures for liquidation of…
Bulgarian property solicitors’ role in the conveyancing proce
Many Brits who buy property in Bulgaria don’t bother instructing a Bulgarian property solicitor. This is either due to the belief that the estate agents in Bulgaria are regulated as in UK (which is not true) or simply because they…
Collecting outstanding maintenance fees from Condominium owner
Holiday apartment owners find themselves in the gray area of Condominium regulation. Most of the holiday apartments are located in the so called closed complexes (also called gated apartment complexes or aparthotels), but the Condominium…
Do I need a company to buy a property in Bulgaria?
We are receiving a lots of request daily and many of them are namely – “Do I need to form a company to buy a private house with land?”
This force me to give you a short description about the topic.
And so in the nearest past foreigners…
Directive 2011/7/EU or Combating Late Payment In Commercial Transaction
Directive 2011/7/EU of the European Parliament and of the Council
of 16 February 2011
on combating late payment in commercial transactions
(recast)
(Text with EEA relevance)
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN…
Of course and in Bulgaria on overdue payments may be charged interest rate. How can we determine these rates? Is there a formula?
Statutory interest is due when the debtor is in default. Bulgarian law determines when the debtor has fallen…