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Sofia | Bulgaria

Bulgaria plans to introduce a range of derogations from the EU General Data Protection Regulation

The majority of the specific additional requirements concern compliance with core GDPR requirements and data processing for employment purposes May 2018 – The Bulgarian government has announced a set of specific requirements relating to the processing...

Kinstellar organises the first exclusive business conference dedicated to heads of legal departments and senior in-house lawyers in Bulgaria

T he growing role of company lawyers in a multi-challenging business environment 12 June 2018, Sofia, Hilton Hotel Media partner of the event: CEE Legal Matters Kinstellar, a leading international law firm operating in ten jurisdictions...

Kinstellar advises Marriott on its first managed hotel in Bulgaria

May 2018 – Kinstellar has acted as the exclusive legal advisor in Bulgaria to International Hotel Licensing Company S.A.R.L, a subsidiary of Marriott International Inc., on their first management agreement for a Marriott hotel in Bulgaria. Our work...

Kinstellar Real Estate specialists Victor Constantinescu, Antonia Mavrova and Selma Mujezinović took part in the panel at PropertyEU Investment Briefing, in Bucharest

April 2018 – Victor Constantinescu, Partner and Head of SEE Real Estate, together with Antonia Mavrova, Counsel in our Sofia office, and Selma Mujezinović, Partner in our Belgrade office, were part of the panel of specialists at the PropertyEU Investment...

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...

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...

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...

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...