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06.04.2020

COVID-19: State of emergency in Bulgaria - updates and advice


In light of the global situation developing as a result of the increasing spread of coronavirus (COVID-19), Kambourov & Partners would like to reaffirm that we remain fully available to support our clients and partners. We are following the necessary steps to protect the health and safety of our team, clients and partners, and are encouraging remote work secured by solid information systems and advanced technology tools, available on an undisturbed basis.

While closely monitoring the constantly developing situation, we will be sharing the latest updates, as well as useful advice to help you navigate the various emerging challenges.   


30.03.2020

Compensation of 60% of insurable earnings during the State of emergency 

What are the conditions, which businesses can benefit, what is the procedure?

See our brief overview here and do not hesitate to reach out to Dennitsa Dimitrova and Andrey Alexandrov in case you have any additional questions or doubts.   


26.03.2020

State of Emergency Measures Act   

On 24.03.2020, the State of Emergency Measures Act (SEMA, the Act) was published in the Bulgarian State Gazette. The Act enters into force retroactively as of 13.03.2020, with the exception of certain provisions, which will come into force as of the date of its promulgation. An overview of the main points is available here.


25.03.2020

COVID-19 and IP law   

Yana Todorova discusses attempts to register coronavirus as a trademark and the intellectual property law tools to prevent abuse in times of crisis. Check her article here


24.03.2020    

COVID-19 & State Aid  

On 19 March 2020, the European Commission adopted a Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak in response to the severe public health emergency for citizens and societies.

Check our Plamen Yotov's overview of the framework and of the EC decisions on COVID-19  related State aid here.


19.03.2020   

State of emergency: Proposed amendments to the Labour Code

On March 18, the National Assembly adopted at first reading the Emergency Measures Draft Law. It reproduces much of the already known anti-epidemic measures from the Minister of Health's Order, which imposed the first restrictions on social life. The draft law provides for some amendments to the Labour Code, in particular to the conditions and procedures for using paid and unpaid leave, in order to overcome problems in the arrangements for home offices and remote work. See an overview of the main points  here.


18.03.2020

COVID-19 outbreak: Impact on commercial contracts   

Does the coronavirus outbreak and the declared “State of emergency” amount to a force majeure event? What are the options for financial support for businesses in response to mitigate the socio-economic impact and force majeure in loan documents? See a brief guide on these topics  here.   


17.03.2020     

    Remote use of corporate infrastructure   

    The State of emergency, declared last week by the Bulgarian Parliament, as part of the global effort to halt the spread of COVID-19, and the subsequent Order by the Bulgarian Minister of Health (Order № РД-01-124), created various consequences for private businesses. Among them is the recommendation to assure home-based work, wherever possible.

    To help employers navigate the process, Mitko Karushkov and Mario Arabistanov put together some important aspects in terms of the remote use of corporate IT infrastructure. Check the full article on Капитал newspaper's  website, as well as a brief summary here and don't hesitate to reach out to Mitko and Mario in case you have any questions or doubts.       


    16.03.2020      

      Labour, global mobility and tax implications   

      The State of emergency, declared on Friday, 13 March 2020, as part of the global effort to stop the spread of COVID-19, provides for a list of measures such as enforcement of "home offices" where possible, restrictions on travel, public institutions, shops and restaurants, ban on public events.

      The potential implications for businesses are wide-ranging. Check some of the labour, mobility and tax aspects worth considering  here.