LOCATIONS
Sofia | Bulgaria

Office

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

+359 2 9048 300

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Cryptocurrency platforms and digital wallet providers in Bulgaria will soon be obliged to apply anti-money laundering measures

August 2019 – Bulgaria last year announced its intention to join the European Exchange Rate Mechanism (ERM II) and Banking Union, which is expected to pave the way for the country to join the Eurozone. A roadmap has been adopted with specific regulatory...

Right of first refusal clauses are now recognised by Bulgarian courts

August 2019 – The Bulgarian Supreme Court of Cassation (“Supreme Court”) has recently issued a decision (No.19, dated 8 August 2019, under commercial case No.2511/2017) that recognises for the first time the concept of right of first refusal (“ROFR”)...

The winner of this year’s Stellarship competition for Bulgarian law students talks about his experience at Kinstellar

July 2019 – Interview with Ilia Lassin, the winner of this year’s Stellarship competition for law students in Bulgaria
In this year's edition of the Stellarship competition, you were awarded with the individual prize among your colleagues/co-students....

Kinstellar advises winning bidder for Sofia Airport concession

July 2019 ─ Kinstellar has successfully advised a consortium led by French infrastructure fund Meridiam on its winning bid for the 35-year concession to manage Sofia Airport.
Our team in Sofia — coordinated by Partner Diana Dimova and Managing...

Bulgaria introduces more detailed rules for provision of remote and online payment services

July 2019 – The Bulgarian National Bank (the “BNB”) has recently adopted amendments to its Ordinance No 3 on the Terms for the Opening of Payment Accounts, Execution of Payment Transactions and Use of Payment Instruments (the “Ordinance”). The...

Cannabis for Medical Use: CEE Regulatory Update

June 2019 – A growing number of countries around the world are gradually legalising the use of cannabis for medical purposes.
It can be said that governments are now generally taking a more liberal approach to this product, which could significantly...

Five Questions about Artificial Intelligence: Ethical, Legal and Business Dimensions

June 2019 – Dessislava Fessenko, heading the Technology practice in our Kinstellar Sofia office, speaks exclusively for Colliers International on the incorporation of AI in contemporary businesses and its interaction with society on ethical, legal and...

Kinstellar’s Sofia office contributes the Bulgaria chapter to Kluwer’s Corporate M&A guide

May 2019 – Kinstellar’s Sofia office has once again contributed the Bulgaria chapter to the Kluwer Corporate Acquisitions and Mergers Guide.
The Guide is the largest and most detailed database of M&A know-how available anywhere in the...

Annual Company Lawyers Summit 2019: Navigating Change in a Dynamic Business and Legal Environment - 16 May 2019, Hilton Sofia Hotel

May 2019 – Kinstellar, a leading international law firm operating in ten jurisdictions in Central and Eastern Europe and Central Asia, is pleased to invite you to the second edition of our exclusive annual event dedicated to general counsels, heads...

Bulgaria prepares to join the EU’s Single Resolution Mechanism for credit institutions and investment funds

April 2019 – On 10 April 2019, a bill for amendment of Bulgaria’s Recovery and Resolution of Credit Institutions and Investment Firms Act (the “Bill”) was passed on first reading by the Parliament. The purpose of the Bill is to align Bulgarian...