Possibility of VAT adjustment in case of irrecoverability in the Bulgarian VAT Act

On 15.12.2022, the Bulgarian Parliament adopted at second reading the drafts of the amendments and additions to the Value Added Tax Act (“VATA”).

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A coordinated EU exit from the Energy Charter Treaty looks increasingly likely

The European Parliament recently passed a resolution urging the European Commission to initiate the process towards a coordinated exit of the EU from the Energy Charter Treaty (ECT). Such an exit is not without its implications as the ECT contains a sunset clause which would leave Member States liable under the Treaty for 20 years after the withdrawal takes effect.

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The European Commission proposes accelerated permitting for renewables

On 9 November 2022, the European Commission (“the Commission”) proposed a temporary emergency regulation to accelerate the deployment of renewable energy sources. It will apply temporarily for a period of 1 year covering the time needed to adopt and transpose the proposal to amend the Renewable Energy Directive (REDII).

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The Energy Charter Treaty in Light of the Climate Change Agenda

Some countries do not consider the ECT to be in line with the Paris Climate Accords and are effectively withdrawing from the treaty. Nevertheless, the short-term effect of these withdrawals is rather insignificant.

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Kambourov & Partners organises the event Post Box for Corporate Stories

On 16 September 2022, Kambourov & Partners in collaboration with the literary project Post Box for Stories' hosted Post Box for Corporate Stories.

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European Taxonomy Regulation Extended to Natural Gas and Nuclear Energy

It could be expected that this new regulation will create new opportunities for these resources in the European Union in the midst of the current energy crisis.

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ICGB AD – Gas Interconnector Greece-Bulgaria is finally certified as an independent transmission operator

The final decision for certification provides the possibility of putting the Gas Interconnector Greece-Bulgaria into commercial operation after July 1, 2022. 

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New security of gas supply EU Regulation

The new Regulation (EU) 2022/1032 aims to ensure that the storage capacities in the EU do not remain unused, and that storages can be shared across the EU in a spirit of solidarity.

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Kambourov & Partners at RE-Source Southeast 2022

At the beginning of this month, our energy partners Stefan Tzakov and Irena Petkova attended RE-Source Southeast 2022 - the main event in Southeast Europe dedicated to renewable corporate sourcing.

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Kambourov & Partners advised on the sale of Verisk’s 3E Business to New Mountain Capital

Kambourov & Partners advised the leading global data analytics service provider Verisk on the Bulgarian aspects of the sale of its 3E business to New York-based investment firm New Mountain Capital.

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Kambourov & Partners receives top recognition in Chambers Global 2022

For another year, Kambourov & Partners received the highest recognition in both practice areas covered by the guide in Bulgaria -Corporate/CommercialandDispute resolution. Notably, the firm is the only one recognised in Band 1 in Dispute Resolution.

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