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Changes to merger reporting requirements

  • CMS Cameron McKenna
  • -
  • Bulgaria
  • -
  • February 17 2011

The reporting requirements on company mergers and demergers have been relaxed with effect from 31 December 2010

Changes to creditors' rights on mergers

  • CMS Cameron McKenna
  • -
  • Bulgaria
  • -
  • February 16 2011

Unsecured creditors can no longer request payment from a mergingdemerging company of sums that are not due and payable at the time of the mergerdemerger

Changes to insolvency procedure

  • CMS Cameron McKenna
  • -
  • Bulgaria
  • -
  • February 17 2011

A number of changes have been made to insolvency procedure to remove various discrepancies and controversial practices

New rules for company and share registration

  • CMS Cameron McKenna
  • -
  • Bulgaria
  • -
  • February 17 2011

Companies now have until 31 December 2011 to re-register with the new Bulgarian Commercial Registry