Liliya Tsoncheva

LT Law (Ivanov & Tsoncheva Law Firm) have assisted one of the local startups Quendoo on all legal matters in completing its financing of €750k. The financing is part of investment made by one of the VCs in Bulgaria – Vitosha Venture Partners which officially completed its first investments with a total of €2.4m. Quendoo …

LT Law (Ivanov & Tsoncheva) Advises Quendoo on Financing from Vitosha Venture Partners Read More »

A State of Emergency in Bulgaria due to cases of COVID-19 in Bulgaria was declared by a decision of the Parliament on 13 March 2020. The Bulgarian Parliament adopted the Measures and Actions during a State of Emergency Act (the “Act”). The Act will be in force retroactively with effect as of 13 March 2020 …

The State of Emergency Act in Bulgaria Read More »

According to the latest amendments to the Bulgarian Commerce Act (State Gazette No. 88/23.10.2018), which are in force as of 23 October 2018, issuing of bearer shares will not be possible anymore. Bearer shares or temporary certificates issued prior to the amendments are substituted by registered shares. The law gives 9 months to companies to make …

Bearer shares are replaced by Registered shares Read More »

Attorneys-at-law Mrs. Liliya Tsoncheva and Mrs. Gergina Kyoseva advised the biggest TV and satellite operator in Bulgaria – Bulsatcom EAD on its financial and operational restructuring on matters of Bulgarian law. The transaction involved restructuring of EUR 80 million existing syndicated bank facility by converting debt into equity in favour of the current lenders of Bulsatcom, including London-based …

Restructuring of Bulsatcom Read More »

Amendments aiming at termination of avoidance of VAT registration by taxable persons were introduced by the provision of Art. 96, para. 10 and para. 11 of the Bulgarian Value Added Tax Act (the “VAT Act”) as of 1 January 2020. Often upon reaching the VAT taxable turnover of an entity, a new legal entity is …

Compulsory VAT registration of related parties and persons acting in concert, which carry out the same activity Read More »