An article regarding the enterprise liability in insolvency proceedings in Bulgaria written by the Managing Partner of Varadinov and Partners Javor Varadinov and the associates in Varadinov and Partners Yanislava Chankova–Docheva and Zoya Zlatkova has been published in The European Lawyer Reference, Multinational Enterprise Liability in Insolvency Proceedings, Jurisdictional comparisons, Second edition 2010, General Editor J. William Boon.
An article regarding the Bulgarian Employment and Labour Law written by the the associates in Varadinov and Partners Yanislava Chankova–Docheva and Yulia Vesselinova has been published in The European Lawyer Reference, Employment and Labour Law, Jurisdictional comparisons, Third edition 2010, General Editor Dame Janet Gaymer.
With the latest amendments of the Electronic Communications Act the number of the Regulation of Communications Commission’s members has been decreased from 9 to 5 and the duration of their mandate has been decreased from 6 to 5 years. These amendments are part of a program for optimizing the public administration expenditures announced by the legislative and executive authority.
A number of important amendments have been introduced in the Design Act. The state register of industrial design shall be published on the internet site of the Patent office as of the date 11th February 2011.
A possibility for a delayed publication of a design registration has been instituted. The applicant of a design shall be entiteled to request a delayed publication of the design registration together with the application, in case that the design will be registered within a term of 30 months as of the date of the application submission, respectively as of the priority date. More detailed rules for the submission of an international application have been provided for.
The applications for design registration shall be submitted via post, fax ot Internet as of the date 11th of February 2011.
Limits in the amount of the managers’s remunerations in trade companies with state participation in the capital have been provided as of the date April 1st, 2010. The total amount of the remuneration of the members of the board of directors, the supervision and the managing boards of the sole owned joint stock companies with state participation shall not exceed five times the amount of the minimal monthly salary, defined in the countru for the respective month (currently BGN 240). The total amount of the remuneration of the executive members and the managing boards members authorized to represent the company shall not exceed ten times the amount of the minimal monthly salary. The total amount of the remuneration of the managers of sole owned limited liability companies shall not exceed seven times the amount of the minimal monthly salary, and the controller’s remuneration in such companies - four times the minimal monthly salary.
With the amendments of the Bulgarian Citizenship Act adopted in April, 2010 the procedures for acquiring Bulgarian citizenship by naturalization, release of Bulgarian citizenship and restoration of Bulgarian citizenship have been supplemented. A requirement is provided for within the procedure for aquiring Bulgarian citizenship by naturalization a certificate for Bulgarian origin issued by the State Agency of the Bulgarians Abroad to be submitted together with the application for acquiring Bulgarian citizenship. Upon submission of an application for acquiring Bulgarian citizenship by naturalization, release of Bulgarian citizenship and restoration of Bulgarian citizenship the diplomatic or consular representation of the Republic of Bulgaria shall give a motivated statement on the application and an interview shall be hold with the applicant.
On 19th of May 2010 the National Assembly has ratified the Agreement between the Republic of Bulgaria and the Federal Republic of Germany on avoiding double taxation and tax evasion of income and property taxes, signed on 25th of January 2010 in Berlin.
The associate in Varadino&Co law office Lyubomir Talev will speak at the Sixteenth Competition Law Scholars Forum (”CLaSF”) Workshop dedicated to the Leniency: Effectiveness and Due Process to be held in London on 2nd of September, 2010. The subject of Lyubomir’s presentation will be ”What Threats do exist for the Successful Operation of the EU Leniency Notice”.