Sustainable Finance Disclosure Regulation: What to expect?
The EU’s Regulation on sustainability-related disclosures in the financial sector (the SFDR) was published in December 2019 and is part…
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No photos and marital status information – what personal data can potential employers collect from job applicants?
Potential employers may collect personal data of job applicants only to the extent that this data is absolutely necessary for…
Post-Brexit Challenges Posting of EU Employees to the UK in the Framework of Provision of Services
The dynamic and challenging 2020 somehow distracted the attention of the EU citizens and businesses to the fact that on…
The latest amendments to the Bulgarian Labour Code introduce shorter reporting periods for the summarized calculation of the working hours and decrease the length of required service for the use of paid annual leave
We end the dynamic 2020 with a large number of amendments to the Bulgarian Labour Code, some of which are…
The EU-US Privacy Shield declared invalid – what happens now with the personal data transfers to the USA?
The European Union Court of Justice has recently rendered a new decision whereby for a second time in the past…
ERM II and Banking Union membership – the new challenges for the Bulgarian banks
Оn 10 July, 2020, just over two years after Bulgaria formally announced its intention to join the Exchange Rate Mechanism…
TBK is the Exclusive Bulgarian Partner of the Virtual PE & VC Conference – CEE Region this Thursday, 25 June
We are proud to be the Exclusive Bulgarian Partner of the Virtual PE & VC Conference – CEE Region, this…
Tsvetkova Bebov Komarevski – legal adviser of EnduroSat on its onboarding of a new investor – Freigeist Capital
The PE & VC legal services team of Tsvetkova Bebov Komarevski assisted Endurosat on its onboarding of a new investor…
Convergence Report 2020 and ERM II
On 10 June, The European Commission (EC) and the European Central Bank (ECB) published the long-awaited 2020 Convergence Report (Report…
Bulgaria’s road to ERM II – current developments
Parallel to many of the socio-economic changes that have been taking place as a result of the various COVID-19 measures,…
TBK advised the Eleven Capital IPO, Bulgaria’s first since 2018
TBK Financial Services Team has advised Eleven Capital on the first IPO in Bulgaria since 2018. Despite the current Covid…
Ensuring a safe workplace on the verge of an expected epidemic – questions and answers
The COVID-19 virus (also known as the coronavirus) has been spreading rapidly and affects Bulgarian employers daily by challenging them…
Draft amendment on the documents filed with the Commercial Register for publication of the annual financial statements
On February 4, 2020 the Ministry of Justice published for a public discussion a Draft amendment of Ordinance No 1…
Robo-Lawyers – the Challenges, Lawyers Are Facing with the New Technological Revolution
Artificial Intelligence (AI) is playing an increasingly important role in our everyday lives. Its impact and application are constantly growing…
The new Ordinance #10 of 2009 Amendment Bill
On 6 January 2020, The Ministry of Healthcare (MH) published for a public discussion a new Amendment Bill of Ordinance…
The Bulgarian National Electricity Company sanctioned for abuse of dominance on the market of balancing energy of renewables
The Bulgarian National Electricity Company sanctioned for abuse of dominance on the market of balancing energy of renewables Authors: Eleonora…
Limitations of parallel trade with pharmaceuticals in the practice of the European Commission, ECJ and the Bulgarian Commission for Protection of Competition
The purpose of the article is to outline the key aspects of the limitations of parallel trade with pharmaceuticals and…
New EU regulation governs the business’s web presence. Corporate websites and electronic means of communication should be consistent with the new data protection rules
The Regulation on Privacy and Electronic Communications (e-Privacy Regulation) is the next step following the adoption of the General Data…
European Court of Justice’s Ruling on Cookie Consent
On October 1, 2019 the Grand Chamber of the European Court of Justice (ECJ) has issued a judgment under Case…
TBK Advises Bombardier on 94,6 Million Euro Railway Procurement Contract in Bulgaria
TBK has advised Bombardier Transportation Italy, as part of the Plobur Consortium, on the entry into a public procurement contract…
Amendments to the Rules of Procedure of the Commission for Personal Data Protection and its Administration
The new Rules of Procedure of the Commission for Personal Data Protection and its Administration, promulgated in State Gazette, issue…
Senior Associate Mileslava Bogdanova acquired certification by the International Association of Privacy Professionals
Mileslava Bogdanova-Misheva, attorney-at-law and senior associate at Tsvetkova Bebov Komarevski Attorneys-at-law is now a Certified International Privacy Practitioner in Europe.
Provisions of the most recent Medicinal Products in Human Medicine Amendment Bill, concerning the pharmaceutical sector
On 5 July 2019 with an unusual legislative technique the Ministry of Healthcare (MH) published, in order to “preliminary inform…
Two retention periods set for personal data of job applicants
Just a few months following the promulgation of the long-awaited amendments to the Bulgarian Personal Data Protection Act (the “PDPA”)…
Medical facilities and clinical trial sponsors – joint data controllers
The Commission for Personal Data Protection (CPDP) announced a resolution on processing of personal data for the purposes of conducting…
Tsvetkova Bebov Komarevski (TBK) joins Multilaw as new member in Bulgaria
We are pleased to announce that Tsvetkova Bebov Komarevski (TBK) has joined Multilaw as the associate member firm for Bulgaria.
Employers have the right to choose whether to notify the Employment Agency on the vacant positions for persons with permanent disabilities
The new Persons with Disabilities Act (“PDA”) effective as of January 2019 significantly amended the obligations of employer regarding the…
Tsvetkova Bebov Komarevski – legal advisor of Deutsche Bahn on the acquisition of assets of the insolvent VRZ – Karlovo
The team of Tsvetkova Bebov Komarevski completed a legal due diligence review and provided legal assistance to the Deutsche Bahn…
TBK achieves top tier rankings in Legal 500 EMEA
TBK achieves top tier rankings in Legal 500 EMEA 15 April 2019 TBK has been recognized as a leading law…
TBK – counsel of EEMH in the sale of its shareholding in Nova Broadcasting Group
TBK is proud to have acted as the Bulgarian legal counsel for Eastern European Media Holdings (alongside Mayer Brown as…
20th Anniversary Annual Conference of Macedonian Stock Exchange
Damyan Leshev, Co-Head of the Financial Services Law Team of Tsvetkova Bebov Komarevski and leading MiFID II practitioner, was guest…
Annual FinTech Summit in Sofia
We are proud that TBK was partner of the Annual FinTech Summit in Sofia on 13 March 2019 and Dimitar…
Overview of bid-rigging enforcement in Bulgaria (2008-2018)
In the last 10 years, the Bulgarian Commission for Protection of Competition (BCPC) has, on several occasions, tried to enforce…
Bid rigging investigations on focus in Bulgaria
After almost three years of investigation, the Bulgarian Commission for Protection of Competition (“BCPC”) has issued a Statement of Objections…
The biggest Bulgarian telecom operator A1, member of Austria Telekom Group, fined for abuse of stronger bargaining position
A fine of slightly above EUR 400 000 was imposed to the biggest Bulgarian telecom operator – A1 Bulgaria, member…
International Banking Law & Regulation
Nikolay Bebov, Damyan Leshev, Dimitar Grozdanov and Petar Ivanov co-authored the chapter on Bulgaria in the recent update of the…
The expected effects of EU’s new prospectus regime under Regulation (EU) 2017/1129 on Bulgaria’s capital markets.
Capital, Bulgaria’s major business media published a new article by Damyan Leshev and Petar Ivanov. The article analyzes the expect…
Bulgarian Competition watchdog opens rare proceedings for non-notification of a transaction
Bulgarian Competition watchdog opens rare proceedings for non-notification of a transaction Author: Eleonora Mateina August 2018, Kluwer Competition Law Blog…
Compensation with premiums of renewable energy sources power producers
Substantial amendments of the Bulgarian Energy Act (EA) were adopted and published on 8th of May 2018, which concern power…
International Securities Law and Regulation
Lidia Shumkova, Damyan Leshev, Petar Ivanov and Nikolay Bebov co-authored the chapter on Bulgaria in the recent second edition of…
The Bulgarian Commission for Protection of Competition blocks two transactions
The Bulgarian Commission for Protection of Competition blocks two transactions Author: Eleonora Mateina July 2018 , Kluwer Competition Law Blog…