Corporate law is one of the main branches of civil law in the legal system of the Republic of Bulgaria. This legal branch regulates the legal status of merchants, corporate transactions, and corporate insolvency.
According to the Commercial law, a "merchant" can be a natural or legal person who by occupation conducts economic activity and offers goods or services or carries out other commercial transactions with the aim of making a profit.
Companies and cooperatives are merchants by definition.
Legal entities with non-profit purpose (so called “NGOs” which can be associations or foundations) can carry out additional commercial activity if it is related to the main activity for which they are registered, and if they use the income achieved for the purposes specified in their incorporation act.
The main legislative reference point in corporate law is the Commercial Law, and it is appropriate for anyone engaged in corporate activity to be familiar with its general provisions.
However, this law is often amended, and many merchants rely on good corporate law lawyers to inform them of new introductions and changes and to help them legally manage their businesses.
Do you need legal advice and assistance? Contact our experienced lawyers.
In the realm of corporate law, our law firm specializes in various practice areas, including mergers and acquisitions, where our experienced corporate lawyers work diligently to ensure seamless transitions and successful corporate integration. Our expertise extends to intellectual property, providing comprehensive protection and management strategies crucial for any business. We conduct thorough due diligence during merger acquisition processes to identify potential risks and opportunities, ensuring informed decision-making. Our services also encompass corporate governance, guiding businesses in establishing robust frameworks for accountability and compliance. With a deep understanding of business law, our firm is committed to delivering exceptional legal solutions that drive growth and success for our clients.
A good lawyer in corporate law can inform you about amendments to the Commercial Law and also assist you with numerous administrative processes and protect your rights in case of any legal issues.
Among the most frequently sought-after legal services in this branch of private law are:
- Preparation of documents for registration of corporate activity in the form of a sole trader (ET), corporate company, holding, branch, or corporate representation;
- Assistance with registration in the Registry Agency (in the Commercial Register and BULSTAT Register) and payment of the due fees;
- Consultation on the choice of type of corporate company - EOOD, OOD, AD, etc.;
- Assistance with transformation of corporate companies, transfer of shares, etc.;
- Drafting commercial contracts and legal consultations/opinions on transactions;
- Assistance for voluntary payment of debts and litigation in case of breach of commercial contracts;
- Preparation of the necessary documentation for insolvency proceedings or liquidation of companies;
- Representation in cases of unfair competition, as well as any other legal cases in the country and abroad.
The law firm "Danailova, Todorov & Partners" is a recognized leader in the field of corporate law. We offer a comprehensive range of legal services for both individuals and legal entities from various business sectors.
The full list of services we provide can be found here. We operate both domestically and internationally in Bulgarian, English, Russian, German, and French.
For any questions related to corporate law, you can contact our experienced team of specialists. We will review your case and assist you at every stage of the legal process.
