Resolutions in Absentia – A Useful Convenience in the Management of Limited Liability Companies and Joint-Stock Companies

In the conditions of a global pandemic and strengthened measures for social distancing, the issue of the resolutions in absentia in the management of companies becomes relevant.

New Law on Amendments to the Emergency Act in Bulgaria

On 9 April 2020 a Law on Amendments to the Emergency Act in Bulgaria was published in the State Gazette.

COVID-19 Related Payment Moratorium on Financings in Bulgaria

The COVID-19 pandemic has multiple effects on the economy. Many businesses struggle to survive and are or may become unable to service their bank debt in the same way as they did before the outbreak of the pandemic. Governments and central banks around the world are imposing various emergency measures and taking actions to support the economy, the business and households in this emergency situation.

Is COVID-19 a Force Majeure?

The COVID-19 pandemic has a number of negative economic consequences such as suspension or delay of production and supplies, quarantining of entire countries, closure of borders, cancellation of flights, etc.All these factors affect the performance of obligations under multiple commercial transactions and raise the question of whether a party to a contract can rely on force majeure in order to excuse its failure to perform a contractual obligation without liability.

Coronavirus: BOYANOV & Co. Establishes C19 Task Force

During this difficult time, when over 161 countries are affected by COVID-19, the entire society is facing significant healthcare, social, economic and legal impacts. BOYANOV & Co. would like to assure you that they are working hard to continue to provide high quality and effective legal solutions while protecting the health and well-being of our colleagues, clients, and business partners.