69 Bulgaria Blvd.
Infinity Tower, 14th floor
1404 Sofia
Bulgaria

+359 2 9048 300

Sofia | Bulgaria

A step toward making the assignment of foreign professionals in Bulgaria easier

April 2018 - The Bulgarian National Assembly has recently passed an amendment to the Labour Migration and Labour Mobility Act. Its aim is to ease the procedure for Bulgarian companies to hire citizens of countries outside the EU and EEA. This is in line...

Yet another wave of EU regulations in the financial sector reaches Bulgaria’s shore

March 2018 - There is hardly any major business that will not be affected by the entry into force of the EU General Data Protection Regulation (GDPR) on 25 May. In addition to that, the financial services providers need to prepare for and be compliant...

Kinstellar advises DZI, KBC’s Bulgarian insurance subsidiary, on its acquisition of UBB-MetLife and on the merger control approvals

March 2018 - Kinstellar is delighted to announce that we have advised DZI on the acquisition of 100% of the share interest in UBB-MetLife Insurance Company. The deal included the parallel acquisitions of the 40% Metlife’s and 60% UBB’s stakes in...

Bulgaria-based corporates and NGOs must disclose their ultimate beneficial owners by February 2019

March 2018 - The Bulgarian parliament voted into law on 14 March 2018 a bill that will repeal and replace the existing Act on the Measures against Money Laundering (the “ New AMML ” or the “ Act ”). The New AMML is meant to transpose Directive...

Kinstellar advises on the merger between Cibank and United Bulgarian Bank

Feburary 2018 - Kinstellar is pleased to announce that it has successfully advised United Bulgarian Bank (“ UBB” ) and Cibank on their merger. The transaction follows UBB’s acquisition by KBC Group in 2017. Our team in Sofia has worked on the merger...

Kinstellar advises Adecco Group on the spin-off of its business in Bulgaria

February 2018 - Kinstellar is pleased to announce that it has successfully advised The Adecco Group on the spin-off of its business in Bulgaria into two separate companies. The IT Outsourcing business, one of Adecco’s key activities, has now moved...

Kinstellar announces new Partner and Counsel appointments

January 2018 - Kinstellar is pleased to announce the promotions to Partner of Olena Kuchynska in Kyiv and Viliam Myšička in Bratislava, and the promotions to Counsel of Ákos Mátés-Lányi and Balázs Sepsey in Budapest,  Mykyta Nota in...

Kinstellar Sofia is the proud supporter of BEST Foundation (Bulgarian English Speech and Debate Tournaments)

October 2017 - Our Sofia office has recently expanded its community investment program with a new organisation that focuses on education and developing brilliant young talents. We are happy to announce that we will be supporting the BEST Foundation (“...

Kinstellar holds client seminar on cyber security and computer crime in Bulgaria

October 2017 - On October 25 th our Sofia office held a client seminar on cyber security and computer crime in Bulgaria. Our technology expert Dessislava Fessenko, head of the TMT practice in the Sofia office, and the guest speakers gave useful insights...

Kinstellar advises KBC on the merger control approvals of its acquisition of United Bulgarian Bank

October 2017 - Kinstellar Sofia has advised KBC Group on the merger filing and approval of the EUR 610 million acquisition of United Bulgarian Bank and Interlease Leasing Company in Bulgaria, as well as on the antitrust aspects of the due diligence...