Insights

According to the explicit provision of Art. 141, Para 7 of the Commercial Act (CA), the relations between a limited liability company and its manager shall be governed by a management contract concluded in writing on behalf of the company by a person authorised by the general meeting of the partners or by the sole owner. The question is often raised in practice how exactly the contractual relations with the manager in an LLC should be settled and what is the legal nature of this contract? Is it possible to do this by concluding an employment contract with the manager or should we necessarily resort to concluding a civil contract? Does the registration of the contract with the manager with the National Revenue Agency (NRA) make a difference to the nature of the contract? Is it possible for a manager to enter into a contract with an LLC for an employment function other than the management of the company? * This publication is in Bulgarian.

* The publication is in Bulgarian

Desislava Krusteva gives answers to some questions every business owner should ask with regard to the imminent coming into force of the GDPR. *This publication is in Bulgarian.

On 20 April 2016, the largest set of arbitration awards in history, the three Yukos awards amounting to $50bn, was set aside by The Hague District Court. Consequently, the question of how set-aside and enforcement proceedings in international arbitration relate to each other came back into the spotlight. While comparing the two types of proceedings, this article shall analyse the apparent similarities but also deal with what is quite important: the differences. Finally, the crucial issue of their correlation shall be examined – whether and to what extent setting arbitration awards aside reflects its enforcement.

The EU standard contractual clauses for data transfer - in the shadow of doubt *This publication is in Bulgarian.