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Mandatory cyber security standards apply to operators of critical infrastructure, digital and public service providers in Bulgaria

December 2018 – Bulgaria-based operators of critical infrastructure, digital and public service providers must deploy state-of-the-art technology and processes in order to fend off cyber incidents and be able to immediately report unauthorised access...

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

December 2018 – Significant regulatory developments marked the year 2018 in Bulgaria. A new Act on the Measures against Money Laundering (the “AML Act” or the “Act”) was also adopted with view to transposing Directive (EU) 2015/849 on the prevention...

When freedom of contract slips into an abuse of a stronger bargaining position. The Bulgarian Competition Authority fines A1, the Bulgarian subsidiary of Telekom Austria.

December 2018 – Last week, the Bulgarian competition authority fined A1, the Bulgarian subsidiary of Telekom Austria, a total of BGN 804,340 (approximately EUR 411,252) for abusing its bargaining power by imposing high sales targets on a local distribution...

New European Union regulation promotes free flow of non-personal data and more extensive data aggregation and storage in the cloud

November 2018 – A set of new EU-wide rules facilitating the cross-border free flow of non-personal data within the Union is expected to become effective at the end of 2018 or early 2019.
These rules are intended to remove within the next two...

Kinstellar advises on the sale of global IT company Comparex AG to SoftwareONE, a global technology provider

October 2018 – Kinstellar, together with Linklaters and bpv Hügel, has successfully advised on the sale of Comparex AG, a global IT company, to SoftwareONE, a leading global platform, solutions and services company. The terms of the deal have not been...

Kinstellar hosts exclusive, first-of-its-kind event in Bulgaria for heads of legal departments and senior in-house lawyers

June 2018 – On 12 June 2018, Kinstellar’s Sofia office held the conference “The Growing Role of Company Lawyers in a Multi-Challenging Business Environment”— an exclusive, first-of-its-kind event in Bulgaria dedicated to general counsels, heads...

Bulgaria introduces rules for the exchange of employment-related electronic documents

May 2018 – In May 2018, the Bulgarian Ministry of Labour and Social Politics adopted an ordinance for employment-related electronic documents and the requirements for their creation and storage in an employee’s file (Наредба за вида и...

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...

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

The 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.