Completion of the First-Ever Transfer of a Going Concern Between Insurance Companies in Bulgaria
October 2025
Our member firm BOYANOV & Co. has announced the successful registration of the transfer of the Going concern of OZOF Doverie to Generali Insurance AD – a landmark transaction that marks the first of its kind in the Bulgarian insurance sector.
This pioneering deal sets a new precedent for the industry, demonstrating the possibilities for strategic growth and integration within the insurance market. The transaction completed following all regulatory approvals positions Generali Insurance as one of the largest players in the health insurance segment and reinforcing its commitment…
The EU Data Act: What Businesses in Bulgaria Need to Know
October 2025
Nikolay Zisov, Partner, and Deyan Terziev, Senior Associate
BOYANOV & Co.
The EU Data Act (Regulation (EU) 2023/2854 on fair access to and use of data) became fully applicable on 12 September 2025.
For many companies in the EU, including in Bulgaria, this regulation brings new obligations and opportunities. The Data Act’s scope reaches far beyond traditional tech companies, potentially affecting any organisation that handles, generates or benefits from data. Affected organisations must act promptly to map their data flows (focused data audit), review related processes, assess…
Bloomberg TV Bulgaria’s Show "In Development" Spotlights the Second International Conference on the Evolution of Innovations
September 2025
The acclaimed Bloomberg TV Bulgaria show “In Development” featured a special segment dedicated to the upcoming INNOVATE. INVEST. INSPIRE. Second International Conference on the Evolution of Innovation, set to take place on October 16, 2025, at Hilton Hotel in Sofia. The conference, organized in partnership between BOYANOV & Co. and the American Chamber of Commerce in Bulgaria, is aimed at positioning Bulgaria as an innovative hub of Southeastern Europe.
The show welcomed Petar Andonov, Business Development Director, BOYANOV & Co. and Ivan Mihaylov, CEO of American Chamber…
Amendments to the Administrative Proceedings
August 2025
Meglena Konstantinova, Senior Associate
BOYANOV & Co.
On August 1, 2025, amendments and supplements to the Administrative Procedure Code (the "APC") were promulgated (SG No. 63/2025). These amendments affect various aspects of the administrative process, and the legislator has established different deadlines for their implementation. Pending proceedings before the administrative body or court will be completed according to the current procedure until the amendments take effect.
The amendments to the APC, which concern justice in electronic form and will take effect on 1 July…
BOYANOV & Co. is Organising Second International Conference on the Evolution of Innovations INNOVATE.INVEST.INSPIRE
August 2025
Following the success of the First International Conference “Life-Cycle of Startups” held in November 2024, BOYANOV & Co. is organising, together with American Chamber of Commerce in Bulgaria, a next-level Second International Conference on the Evolution of Innovations under the title INNOVATE.INVEST.INSPIRE. The prestigious event will be held on 16 October 16 2025, from 09:00-14:30 hrs. at Hilton Hotel, Sofia, with the support of European Investment Bank Group Office Bulgaria, Innovation Norway, British-Bulgaria Chamber of Commerce and GATE Institute.
Speakers will share…
BOYANOV & Co. Advises on RealPage, Inc.'s Acquisition of Rexera
August 2025
Our member firm BOYANOV & Co. has advised on the Bulgarian legal aspects of the strategic acquisition of Rexera by RealPage, Inc., a global leader in AI-enabled software platforms for the real estate industry. The acquisition brings together Rexera’s intelligent AI workforce with HomeWiseDocs, a RealPage company, to create a nationwide platform in the United States that enhances real estate transactions and operational services.
The deal strengthens RealPage’s AI capabilities by automating key real estate processes such as HOA document retrieval, lien searches, mortgage payoffs…
Bulgaria’s FDI Screening Regime Now in Effect
August 2025
Peter Petrov, Partner, and Denitsa Dimitrova, Associate
BOYANOV & Co.
1. What’s new?
Following the adoption of the general framework of the FDI screening in March 2024, the regime was originally expected to become operational in Bulgaria no later than September 2024. This timeline was contingent on the adoption of the necessary secondary legislation, including the amended Rules on the Application of the Investment Promotion Act (the “FDI Screening Act”) as well as the Rules on the Organization and Functioning of the Interdepartmental Council on FDI Screening.
It was not…
BOYANOV & Co. Celebrates 35 Years of Excellence in Legal Services
June 2025
Our member firm BOYANOV & Co. marked a significant milestone, celebrating its 35th anniversary with a special event on 18 June 2025 that brought together clients, partners, colleagues and friends.
The celebration highlighted BOYANOV & Co.’s journey and its enduring role in shaping the legal and business landscape in Bulgaria and the region of Southeast Europe. The event was both a festive gathering and a reflection on the firm’s achievements, impact, and commitment to innovation and excellence.
In his welcome remarks, Managing Partner Borislav Boyanov expressed his gratitude…
BOYANOV & Co. advised NewMed Energy Balkan on the Acquisition of Interest in a Black Sea Gas Exploration License from OMV Offshore Bulgaria
March 2025
Our member firm BOYANOV & Co. advised NewMed Energy Balkan, a subsidiary of the Israeli company NewMed Energy, on the acquisition from OMV Offshore Bulgaria, a subsidiary of OMV Petrom, of a 50% interest in the oil and gas exploration permit for the 1-21 Khan Asparuh Block, located in the exclusive economic zone of Bulgaria in the deep Black Sea.
The transaction was completed on 12 March 2025 by the Ministry of Energy of Bulgaria singing the relevant agreement with the two parties after approval of the Bulgarian Council of Ministers.
NewMed Energy is Israel’s leading energy…
BOYANOV & Co. Facilitates Successful Acquisition of United Health Insurance Fund Doverie by Generali CEE
February 2025
Our member firm BOYANOV & Co. has announced the successful closing of the acquisition of United Health Insurance Fund Doverie by Generali CEE Holding, which took place on 11 February 2025.
Generali’s acquisition of Doverie is expected to bring substantial benefits to policyholders, including enhanced service offerings and broader access to healthcare services. This move aligns with Generali’s long-term strategy to strengthen its market position and deliver exceptional customer value. As a result of this strategic acquisition, Generali has become the second-largest player…
The “Right of Free Movement” in the Light of EU Cross-border Transformation
January 2025
Hristian Gueorguiev, Senior Associate
BOYANOV & Co.
The Bulgarian Parliament has recently adopted an Act to amend and supplement the Bulgarian Commercial Act¹ implementing the requirements of Directive (EU) 2019/2121 of the European Parliament and of the Council of 27 November 2019 amending Directive (EU) 2017/1132 as regards cross-border conversions, mergers and divisions.
I. INTRODUCTION OF CROSS-BORDER DIVISIONS
1. General requirements
Prior to the adoption of the amendments, the Commercial Act provided for a possibility only for cross-border mergers under…
The EU Strategy for Cooperation in the Indo-Pacific Revisited: A Transformative Opportunity for Bulgarian Business Companies
January 2025
Ambassador Petar Andonov, Business Development Director(*)
BOYANOV & Co.
Introduction
The European Union’s Strategy for Cooperation in the Indo-Pacific, launched in October 2021, marked a significant shift in the EU’s foreign policy. It represented a comprehensive approach to engaging with the region of the Indo-Pacific, which is increasingly recognized as a global economic and strategic hub. Together, the Indo-Pacific and Europe hold over 70% of global trade in goods and services, as well as 60% of foreign direct investment (FDI) flows.
Assessment of Present-Day Position
Almost…
