Combating Money Laundering: obligations and deadlines
The State Agency for National Security (SANS) has recently published the results of the National Risk Assessment (NRA). These are aimed to help both authorities and private entities in assessing the risks of money laundering and to undertake adequate and efficient measures in this respect. SANS outlines several widespread schemes of money laundering to which obliged entities should be... view more
Martin Zahariev comments on the digital tax and the fake content on the Internet on Bloomberg TV
The 50th World Economic Forum (WEF) Annual Meeting will be held on 21-24 January 2020, in Davos, Switzerland. One of the four global issues put on the agenda of the world leaders is how to govern the technologies driving the fourth industrial revolution, so they benefit business and society while minimising the risks to them. In this context, Martin Zahariev, PhD, a lawyer at Dimitrov, Petrov... view more
Desislava Krusteva gains recognition in the Women in Data 2019 survey
Global Data Review – the leading information source within the data law landscape – has recently released its new survey Women in Data 2019. It features eminent female practitioners playing leading roles in the area of data protection and cybersecurity – many of them holding senior institutional and corporate positions around the world. Desislava Krusteva, а partner at DPC and head of... view more
Martin Zahariev spoke at the conference Smart Cities, Smart Industry, Smart Living
The conference Smart Cities, Smart Industry, Smart Living took place in Sofia on 12th December 2019. It was organized by the French-Bulgarian Chambers of Commerce and supported by Renault Nissan Bulgaria. The event was attended by Krasimir Zhivkov, Deputy Minister of Environment and Water, HE. Mrs. Florence Robin, Ambassador of France to Bulgaria, and Mr. Stefan Stoyanov, Deputy Mayor of... view more
Amendments regarding the Commissioning of Constructions
On November 15, 2019 the amendments to Ordinance No 2 of 2003 on Commissioning of constructions in the Republic of Bulgaria and minimum warranty periods for completed construction and installation works, facilities and construction sites (the “Ordinance”) entered into force. The adopted amendments aim at standardizing the administrative services for the commissioning of fourth and fifth... view more
SHORTER TERMS AND HEAVIER SANCTIONS IN THE NEW TRADE MARKS AND GEOGRAPHICAL INDICATIONS ACT
The new Trade Marks and Geographical Indications Act (TMGIA) entered into force on December 16, 2019. Part of the amendments to the previous Act are related to implementation of provisions of Directive (EU) 2015/2436 of the European Parliament and of the Council of 16 December 2015 to approximate the laws of the Member States relating to trade marks, while other changes aim to align our... view more
Combating Money Laundering: Next episode
The constant combat of the EU against money-laundering has resulted in the Fifth Anti-Money Laundering Directive (EU) 2018/843 (the Directive). All Member states are obliged to implement it no later than 10 January 2020. Among the main achievements of the Directive are: broadening the list of obliged entities; covering more activities exposed to money-laundering risks; introducing measures... view more
A New Bill Aims at Consolidating the Legislation on Agricultural Land Ownership and Use
A Bill for a new Agricultural Land Act ("Bill") was published on 5 November 2019 for public consultation and comments. The draft legislation seeks to systematize and consolidate the legislation regarding the ownership and use of agricultural land. The Bill reproduces and further develops much of the current legislation while introducing some new provisions arising from the dynamics of the... view more
New rules regarding automatic exchange of information and mandatory disclosure of cross-border arrangements are being introduced in Bulgaria
Draft amendments to the Tax and Social-Insurance Procedure Code (TSIPC) provide for adding a new Section VII named Specific Rules on the Mandatory Exchange of Information on Cross-Border Tax Arrangements. The purpose of the bill is to align the Bulgarian legislation with the requirements of the Council of the European Union Directive 2018/822 of 25 May 2018 amending Directive 2011/16/EU... view more
DPC co-organized the ICC conference for young arbitration practitioners in Thessaloniki
International conference dedicated to the commercial arbitration in the technological era was held on 22nd November 2019 in Thessaloniki, Greece. The ICC Young Arbitration Forum (ICC YAF) was co-organised by DPC, Yiannopoulos & Kozi LLP and the Thessaloniki Bar Association and attracted over 80 counsels and attorneys, predominantly practicing in the SEE region. The first conference... view more
