Bulgarian State Gazette No. 27 of 27.03.2018 introduced the new Measures Against Money Laundering Act (“MAMLA”), implementing Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. The new legislation is focused on creating obligations for a large number of legal entities with respect to the money laundering prevention.
In particular, the MAMLA provides for the following new obligations...

In order to read the full article, please click here.

Bulgarian State Gazette No. 94 of 13.11.2018 introduced a new legislative act – the Cybersecurity Act, implementing Directive (EU) 2016/1148 of the European Parliament and of the Council of 6 July 2016 concerning measures for a high common level of security of network and information systems across the Union.
The new legislation is focused mainly on creating obligations for public administrative bodies regarding provision of high level of cybersecurity. However, some private entities also fall within its scope.

In order to read the full article, please click here.

Bulgarian State Gazette No. 88 of 23.10.2018 introduced important
amendments in the Bulgarian Commercial Act concerning the bearer
shares in joint stock companies.
The main focus of the legislative changes is the elimination of the bearer
shares from the Bulgarian business world as a direct result from the
implementation of European laws for measures against the money
laundering and financing of terrorism in the Bulgarian legal system.

In order to read the full article, please click here.

The development of the European Union economy and social environment during Industrial Revolution 4.0 imposed significant changes to the labour market. Each of the main characteristics of Industry 4.0 has its own impact over the standard employment forms of dependency. The globalization and free movement of people, goods and services led to rearrangement of the labour force and increasing lack of personnel. The strongly protected and regulated EU competition environment have resulted in the emergence of huge number of small enterprises and startups with limited financial recourses and fast development, especially in the digitalized business processes. The technologies’ impact over the personal life and growth marked the new generation at the labour market as millennials.

In order to read the full article, please click here.