Our latest thinking on the issues that matter most in business and management.
Changes to the Accountancy Act introduce new European requirements
From a digital exotic to a $1.1 trillion market, there is no doubt that crypto assets, led by bitcoin, have carved out a place for themselves in the global economy. A multibillion-dollar trading and investment business has developed around them, and many people have profited from their change in value and participation in their creation; others have lost out from the theft of their digital wallets, the misuse of investment managers, or the bankruptcies of cryptocurrency platforms. But order is coming to the crypto universe, at least at the European Union level. The Markets in Cryptoassets Regulation (MiCA), the first comprehensive law to regulate this type of asset, comes into force at the beginning of July, creating a single framework for the entire European bloc. Its provisions will start to be effectively implemented from the middle of next year 2024, so that market participants can align their activities with its requirements. *This publication is in Bulgarian
Bulgarian DPA is currently applying on a regular basis a new procedure in cases of data breach notifications which includes complex questionnaires covering all the data processing activities of the data controller and extensive requests for provision of documents and information within short deadlines.
On 27 April 2023, the Council for Electronic Media – CEM published its Report on the specialised monitoring of the election campaign for the 49th Parliament. In the Report, the CEM presents its findings following the process of specialised monitoring of the activity of 14 channels of public media service providers and 13 channels of commercial media service providers related to yet another parliamentary election in Bulgaria. The Report also includes information on the performance of four online platforms. The Report covers their media behaviour during the election campaign (from 3 to 31 March 2023), on the day of reflection (1 April 2023) as well as on the day of the elections (2 April 2023). *This publication is also available in German and French.
The goal and purpose of this Playbook are to provide startup founders and startup lawyers alike with a quick reference guide to key issues they may experience in foreign jurisdictions. Let’s face it, the modern startup is not concerned with owning the local geography, but instead wants to step out onto the world stage as early as possible. Oftentimes, this means that the need for foreign legal advice comes well before theresources which their institutional, established competitors can bring to bear. Enter the Playbook. This is not meant as a definitive guide to everything you’ll need to know about legal systems and local market realities in any given jurisdiction, but it is intended to help triage key issues. Whether you’re using this guide as a lawyer advising a startup client, or as a startup company yourself, our hope is that the Playbook will help you to better assess potential risks and to ask the right questions. And if you have need of a local legal expert, well now you’ve got a list of lawyers from around the world that deal with startups just like yours, that are ready and willing to help.