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Our latest thinking on the issues that matter most in business and management.

What changes to the ESG legislation does the Omnibus Package bring?

Its primary aim is to improve ESG standards in the European Union, while reducing the administrative burden on business that the current ESG-regulatory framework creates.

AI Act (REGULATION 2024/1689): Timeline roadmap

Some little known but important features of the insurance contract

Employment contract vs. civil contract – six key differences

Covered bonds – a new opportunity or same old thing?

On 8 July 2022, the new Covered Bonds Act (“CBA”) entered into force, transposing the European Directive (EU) 2019/2162 on the issue of covered bonds and covered bond public supervision (the “Directive”), aimed at harmonising the legal regime for covered bonds in EU Member States.

Unprecedented compensation for nonpecuniary damages awarded to a client

Dimitrov, Petrov & Co. Law Firm (DPC) won a case for nonpecuniary damages with an unusually high amount of compensation for Bulgaria.

The Cyber Law in Bulgaria monograph is now out

Prof. Dr. George Dimitrov and Assoc. Prof. Martin Zahariev, PhD authored the new edition of Cyber Law in Bulgaria, published by Kluwer Law International in May 2022, as a part of the International Encyclopaedia of Law series.

Prof. Dr. George Dimitrov

The balance between freedom of expression and data protection

The balance between the right to freedom of expression and information and the right to data protection has been the center of discussion for quite some time now, especially in the context of journalistic activities. As both rights are not absolute, the question is – which right overrules the other?

DPC won the Bulgaria Firm of the Year Award of LMG Life Sciences

Dimitrov, Petrov & Co. (DPC) Law Firm has won the jurisdiction award for Bulgaria of the prestigious LMG Life Sciences Awards.

DPC reaches new highs in The Legal 500 ranking for 2022

More Dimitrov, Petrov & Co. (DPC) practices and lawyers than ever have been recognized in one of the most prestigious global legal rankings.

The Constitutional Court has defined environmental protection and wildlife conservation as a supreme constitutional value

The judges unanimously rejected the request for annulment of the provision of Art. 7 of the Biological Diversity Act thus confirming that the orders for the designation of protected areas are final and not subject to appeal.

Boyana Milcheva

DPC advised Beetroot on buying the business of South Gate Tech

Dimitrov, Petrov & Co. (DPC) advised the entry of the Swedish software company Beetroot in the Bulgarian market through the acquisition of the business of the Bulgarian tech company South Gate Tech.

Hristo Nihrizov

European Commission to fight shell entities

At the end of 2021, the European Commission presented an initiative to fight the misuse of shell entities for improper tax purposes. These so-called ‘shell companies’ are used for tax evasion purposes and aggressive tax planning, by directing financial flows towards jurisdictions that have lower taxes or by shielding assets, such as real estate, from taxes.

Boyana Milcheva

January 13, 2021

2021 – Amendments to Tax Legislation Regarding Natural Persons and Corporate Income Tax

At the end of 2020, amendments to the Income Taxes on Natural Persons Act (ITNPA) and the Corporate Income Tax Act (CITA) were promulgated in the State Gazette.

Boyana Milcheva

Martin Zahariev trained trainers under GDPR during the first workshop under the PROLEGIS project

The workshop was organised following train-the-trainer approach.

Metodi Baykushev – speaker at the V Allerhand dispute resolution and ADR summit in Krakow, Poland

Metodi commented the latest caselaw of the Bulgarian Supreme Court on enforcement

DPC earns recertification in Meritas, a global alliance of independent law firms

For yet another year Dimitrov, Petrov & Co. Law Firm excels and earns recertification in Meritas

Ms. Sylvina Beleva is now a member of the Investment Migration Council

The IMC is seated in Geneva, Switzerland and is the worldwide association for investor immigration and citizenship-by-investment,

Dimitrov, Petrov & Co. – A leader in one of the most prestigious legal guides worldwide

Dimitrov, Petrov & Co. ranks leader in two more categories – Real estate and construction and EU and competition.

DPC held a seminar on the new FIDIC suite of contracts

Dimitrov, Petrov & Co. Law Firm held a specialized seminar on the new FIDIC Suite of Contracts launched in December 2017.

Desislava Krusteva will speak at the prestigious 10th marketing conference for pharmacists

This year’s edition of the conference will focus on the opportunities that digital marketing offers to the market in medicinal products.

Step ahead in adopting new transparency tax rules at EU level

The European Commission welcomes a political agreement of EU Member States on new transparency rules

New adequacy decision for safe and trusted EU-US data flows

As a consequence of the new decision personal data can flow from the EU to US companies participating in the Framework without additional data protection safeguards.

Desislava Krusteva

The balance between freedom of expression and data protection

The balance between the right to freedom of expression and information and the right to data protection has been the center of discussion for quite some time now, especially in the context of journalistic activities. As both rights are not absolute, the question is – which right overrules the other?

Personal Data Protection in the Context of Assignment of Receivables (Cession) Agreement

Pursuant to the assignment of receivables agreement the creditor under a certain receivable assigns it to a third party. As the assignment procedure involves the processing of personal data of a third party – a debtor that is not a party to the agreement, a thorough examination of the personal data protection rules and their applicability to the assignment of receivables is required.

CJEU Invalidates EU-US Privacy Shield, but Considers the Standard Contractual Clauses Valid?

On 16 July 2020 the Court of Justice of the European Union issued a preliminary ruling with significant importance regarding the instruments for transfer of personal data outside the EU to the so called “third countries”, in particular to the US.

Assoc. Prof. Martin Zahariev, PhD

December 3, 2020

The European Data Protection Board issued new guidelines on the concepts of data controller and data processor

Оn September 2, 2020 the the EDPB issued Guidelines on the interpretation of the concepts of data controller, joint controller and data processor, providing clarifications and detailed guidance, throughout useful examples, in order to ensure consistent and harmonised approach within the EU and the EEA.

November 17, 2021

New standard contractual clauses under GDPR adopted by the EU Commission

On 04 June 2021 the European Commission issued two sets of standard contractual clauses (SCC) under the General Data Protection Regulation (GDPR): 1. SCC for the transfer of personal data to third countries (below “New Transfer SCC”); and 2. SCC between controllers and processors within EU (below “Controller-Processor SCC”).

Desislava Krusteva

Hristo Nihrizov, Partner at DPC, gave an interview with Radio Plovdiv

Тhe bill on the amendment and supplement to the Personal Data Protection Act, which is to be adopted in the coming months, was also discussed

Martin Zahariev guest in the morning block of TV EUROPE “EUROPE MORNING”

He presented his opinion on the new dating service of Facebook, the Cambridge Analytica scandal...

Desislava Krusteva is now a certified information privacy manager

The newly-acquired certificate is the second one that IAPP has conferred on Ms. Krusteva.

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