New Balkans Law Office

Overview

We see corporate and commercial work and M&A as the core of our practice. We serve a range of international clients in different sectors of the economy and advise on a broad variety of corporate and commercial work.

Our lawyers have in-depth knowledge and abundant practical experience of local, as well as international transactions for the acquisition and disposal of businesses, providing a full range of assistance to the sell or buy sides.

We are comfortably aware of the entire process and can render high-quality assistance at each and every step to the successful completion of a transaction, including:

Our assistance at different phases of a transaction

Preliminary phase – introducing the client to the local legal and regulatory framework; discussing options for the structuring of the transaction and approach to and assistance in negotiations with the other party up until the reaching of preliminary agreement in the form of a termsheet or Letter of Intent;

Range of employment law advice to individuals employed in Bulgaria

NBLO’s employment team advises on:

• dismissals – including the compliance of these with domestic legislation;
• compliance with national and international legislation and standards;
• labour discipline, misconduct and discrimination issues;
• individual and collective dismissals and severance agreements;
• employee share/stock ownership and bonus plans;
• employee pension schemes;
• social security contributions;
• health and safety working conditions, workplace accidents and compliance;
• visas and work permits for expatriates;
• employee non-competition and confidentiality commitments; and
• employment contracts and internal rules.

We advise private individuals and families on various legal matters which arise from living or holding investments in Bulgaria.

Our particular strength is in understanding the interaction between multiple jurisdictions and their competing claims on individuals.

Our expertise in a broad spectrum of family law enables us to offer a wide range of skills – to meet your personal circumstances. At the same time, our diversity in practice allows us to also provide additional expertise from other legal disciplines, should the case require it.

We understand that family problems can be complex, often stressful and traumatic. With our professional advice and sensitive approach we will guide you through all your options and will help you to achieve the best possible outcome. We aim to accomplish this in the most practical, efficient and cost-effective way.

Many pass away without leaving a valid will. This can mean the financial interests of those you love most are not protected and your wishes may not be respected. Often, there are concerns about the minimal share entitlements (“reserved shares”). The fact that you may typically have properties in more than one country.

Our team of lawyers assists clients with all of their will and inheritance planning requirements.

To ensure your family, dependants or chosen beneficiary are provided for in the most tax efficient way, our highly experienced legal advisers will consider all of your wishes and family circumstances before preparing your will. This includes advising in respect of:

• International aspects of bequests;
• Marriage and non-conventional family units;
• Reserved shares and their effects;
• The effect of pre-nuptial agreements on inheritance;
• Tax and tax-related inheritance planning;
• Complexities around residence and domicile status;
• Protecting young family members or those with a disability.

We advise private individuals and companies on property-related matters and we guide them on their understanding of the local laws and practices, even at a distance.

From purchasing a property for any reason to understanding possible consequences and problems with the purchase, we have developed a broad experience with such matters.

We can use our long time experience to guide you through the real estate turbulences and help you in all legal issues of investor’s interest, including:

• Performing real estate due diligence review
• Rendering practical assistance throughout the acquisition process until full and final transfer of the title over the targeted properties
• Providing deal structuring, drafting of possible legal schemes for acquisition of real estate properties, e.g. through asset deals, share deals, contributions in-kind, etc.
• Advising on tax implications related to the different schemes of acquisitions
• Assisting in negotiations with financial institutions for financing of the acquisition
• Advising on the development and construction process, including drafting of construction and construction related agreements, participation in negotiations with contractors, supporting in environmental matters, etc.
• Assisting in achieving refinancing of property portfolios and implementing restructuring processes, advising on real estate aspects of restructuring and insolvency work, including enforcement of securities
• Advising in lettings, asset management, and sale arrangements

We advise individuals and families planning for their future and their legacy. 

We understand that immigration can be complex, often stressful and traumatic. With our professional advice and sensitive approach we will guide you through all your options and will help you to achieve the best possible outcome. We aim to accomplish this in the most practical, efficient and cost-effective way.

Our expertise in a broad spectrum of visas, residence and citizenship enables us to offer a wide range of skills – to meet your personal circumstances. 

Our particular strength is in understanding the interaction between multiple jurisdictions and bodies. 

We advise our clients on:

• Visas and Residence in Bulgaria
• Citizenship and residence by origin
• Citizenship and residence by investment
• Citizenship by residence
• Tax consequences