Every year a lot of people need a legal help, when they have a car traffic accident Bulgaria
Many think that just coming to a settlement with the other driver and not getting the insurance companies involved makes everything go away
If the other driver claims an injury later on or, if the damage to their vehicle is more extensive that what they originally thought
You could still be eligible for legal action taken against you.
To prepare for a possible claim against you, provide the other driver with your insurance information
Call the police, and report the incident to your insurance company for Car traffic accident in Bulgaria.
This is because the insurance company can help you pay for any legal defense you may need as well as, help pay for property damage or injuries to others.
This also protects you from the insurance company being able to deny coverage.
Legal advice car accident in Bulgaria
There are only a few instances where not filing a claim due to an accident makes sense
Those are usually when it is just a single car accident and no one’s property but that of the person causing the accident is damaged.
For instance, you are backing out of your driveway and hitting the mail box.
Another good tip for any car accident is to always take multiple photos of your cars damage and the other drivers before leaving the place of the accident.
This will help protect you in the case the other driver claims something different that actually happened in the accident.
To make sure you always have the right coverage and an expert who can walk you through any insurance claim when they happen.
Call us for legal help on + 359 897 90 43 91
The last years the numbers of Road Traffic Accidents in Bulgaria has been increased dramatically.
The courtry is on the first place with the huge number of people who lost their lives in car accidents in the EU, reported the statistic and National Drivers Union.
This indicator, used to signal road safety in each European country is consistent with the exact number of dead people per one million citizens.
This alarming tendency of increasing amount of victims has been going on for the last few years.
Bulgaria is one of the european country with huge number of car accidents, for speed or no using of sit belt etc. This is the reason, wht the European Commission had conducted numerous initiatives for improving road safety in the member countries.
Considering the statistics, however, these actions did not seem to have any positive reaction in Bulgaria.
Everybody who has been injured in Bulgaria needs to keep some rules and important steps to secure the claims.
In case of car traffic accident in Bulgaria, you just need to call your lawyer to fix the situation and secure all documents & paper for the claim in the Bulgarian court.
The minor car accident in Bulgaria
The procedure in the event of a road traffic accident in Bulgaria depends on the severity of the accident, but in all cases of accident:
CALLL anyone you know and leave your car
stop driving immediately and sit close to the place
Call the nearest police station or alert any oncoming traffic
Preserve all evidences & withnesses
Get all names & insurance policies of the drivers – contact details, licence plate numbers of witnesses
Call the Bulgarian traffic police & your insurace lawyer (0897 90 43 91)
Obligations for all car drivers in Bulgaria
All vehicles in Bulgaria must have a third party liability insurance and proof of insurance must be carried at all times - all vehicles must have a policy, a card and an insurance sticker on the widescreen as proof of validity.
What is minor car accidents in Bulgaria ?
n the event of a minor car accident an Accident Report Form is filled in by the responsible party and a copy is given to the second driver. The insurer provides the accident Report Form, which must be kept in the car. The following should be included on the Report Form
What to do by serious car accidents in Bulgaria ?
n the event of a serious car accident: Call the Police as soon as possible Tel: 112 Help the injured Alert oncoming traffic Take the names, contact details, licence plate numbers of witnesses Preserve all evidence The accident report form is filled in by the Traffic Police who will give a copy to all parties involved. Do not sign any paperwork unless certain it's understood and agreed with. Send the report form to the insurance company (many demand it within seven days of the accident).
How to Claim Insurance
ollowing an accident, take the Report Form to the insurer and fill in an application form for claims, or contact the insurance company's emergency line for advice on the procedure for making a claim. The vehicle undergoes inspection and insurance is transferred to the insured person's bank account within a few days or up to two weeks. If a third party driver is responsible, the insurer will contact the insured person. If the driver has complementary insurance, such as the insurer may provide additional services, for example a replacement vehicle.
With a full-service transportation law department of experienced transportation attorneys, D. Vladimirov & Partners is a professional law office in solving the legal problems of transportation companies, logistics providers, and their customers.
Our transportation attorneys have gained wide experience as well as international recognition for their in-depth knowledge and broad experience in serving the changing and dynamic fields of transportation and business logistics.
Transport law, involving shipping by land, sea or air, is the expression of trade par excellence. It is governed by regulation and case law which are in constant evolution.
Short periods of limitation which require rapid action, the application of national rules combined with international conventions, capped damages… – transport and logistics law have numerous specificities.
Our scope of activities in transport law
The firm’s transportation experience dates, when the core members of the transportation law group began practicing with specialty law firms representing the transportation industry.
Facing new challenges, both the industry and our attorneys have expanded and changed. Industry concerns moved from rate regulation, entry control, and a totally organized workforce to free entry and competitive logistics, and a diverse pool of labor and employment options.
The law office serves to international clients include carriers, shippers, freight forwarders, brokers and logistics companies.
Our transportation attorneys serve clients in the following areas:
Represent carriers and shippers in disputes involving local and international transportation rules.
Prepare and review transportation contracts, logistics agreements, equipment leases, independent contractor agreements, shipping documents, rate tariffs and carrier interchange agreements
Defend carriers in regulatory enforcement actions and transportation claims for damages
Represent local and international carrier in collective bargaining, union representation proceedings, arbitration, drafting of policies & procedures;
Investigate transportation accidents on an expedited basis and prepare for the defense or resolution of claims
Represent carriers in the buying, selling or leasing of terminal facilities, including any related environmental issues
Handle defense of workers compensation claims for transportation companies
Prepare and review benefit plans to comply with related agency requirements
Represent transportation companies in employment and civil rights litigation in state and Bulgarian courts, including disability discrimination claims to present issues unique to the industry
Thanks to the expert knowledge gained in litigation and technical surveys in the transport sector, they advise and assist their clients in the different fields of law linked to logistics and national and international transportation.
Our law office D.Vladimirov & Partners plead regularly on behalf of major insurers operating in the land and maritime transport sector.
They also advise on a daily basis middle sized companies with respect to their freight forwarding and logistics activities.
The firm also provides support to victims of airplane crashes that imply French interests, acting directly or as correspondents for international law firms.
Their reactive and dedicated team is familiar with all aspects of national and international litigation in the transport and logistics sector and advises in English, German and Bulgarian.
Every business person knows that one of the main things when starting any activity is choosing the right location.
Maybe you have been heard much about Bulgaria. It is a famous country due to its beauty, a destination with proper conditions for both summer and winter tourism, the rose oil, the “magical” voices and much more nice stuff regarding that country with a long and quite interesting history.
What about nowadays when it comes to the economic stability? It is an attractive country to start business in.
Here you can find the essential reasons why to choose exactly Bulgaria:
Bulgaria is a strategic logistics place also due to its location – in the “heart”of the Balkan peninsula.
The name “Balkan” actually comes from the mountain which is spread along in the middle of the country.
The longest mountain chain in the That location provides an easy access to all important markets in Europe, Middle East and Asia.
Since 2007 Bulgaria is a member of the European Union, and earlier – of NATO and WTO. Our currency BGN (Bulgarian Lev) is steady thanks to the support by the currency board. The exchange course keeps the level 1 EUR = between 1.95 and 1.96 BGN.
The tax regime in Bulgaria is not hard. Our country has got the most favourable one comparing to the other European countries.
The rate of the Corporate income tax is 10% which is the lowest in the European Union.
The rate of the Personal income tax is 10 %.
Personal income tax is only 10 %.
High-unemployment areas are granted with 0% tax rate.
Withholding tax on dividends and liquidation quotas is 5% (0% for EU tax residents).
Bulgaria is gifted with clever, highly educated and skilled professional employees, lots of them – multilingual. That makes our work force preferable.
Our law office support your business activities to start well and seamlessly, so that you will be able to take advantage of all the opportunities and options our country is giving you. Call us now on + 359 897 90 43 91 or send us your legal inquiry at office@lawyer-bulgaria.bg
https://lawyer-bulgaria.co.uk/wp-content/uploads/2018/04/Claim.jpg6001000lawyerhttps://lawyer-bulgaria.co.uk/wp-content/uploads/2016/03/ilodplogo-300x96.pnglawyer2018-04-17 07:14:242020-04-28 10:43:15Start a business in Bulgaria
D. Vladimirov & Partners – Legal Services for Financial Institutions
We have a long-standing reputation for dispute resolution and have over recent years built up strong corporate and regulatory practices which means we can provide our clients with a full legal service across our sectors of focus.
Banks and other financial institutions are an essential part in the corporate world. Our banking and finance practice has developed to encompass all manner of Bulgarian & international banks, and other financial institutions.
In the last couple of years our experience ranges from infrastructure and project finance, ship and aviation finance and leasing, to domestic finance, trade finance and private equity, as well as regulatory issues, complex accounting issues, investment fraud, and banking and finance related litigation. Clients value the in-depth industry sector experience we offer, and the significant value this can add when they have banking and finance transactions/claims.
Our legal company has got experts in the regulations determined in incorporating, registration and license of credit and non-banking financial institutions, respectively their branches in Bulgaria. Our services include:
Drafting of consumer and corporate contractual lending documentation,
Drafting of GTCs, internal procedures, statutory rules, regulations of credit and other financial bodies.
Structured, Commodity and Trade Finance
Commercial Litigation
Corporate Finance
Investment Fraud prevention
Infrastructure and Project Finance
Regulatory
Domestic Finance
Restructuring and Insolvency
Shipping Finance
Overall legal services to banks and financial institutions with regard to their general banking issues.
Legal support in agreements and all the additional documentation related to bank accounts, deposits, bank guarantees, letters of credits, loans and others.
Here is what we can do in corporate lending:
Preparation and negotiation of financial contracts on behalf of lenders and borrowers.
Drafting security documentation.
Structuring of all types of equity and debt financing, including project finance, real estate finance, acquisition finance and others.
Preparation of financing contracts on behalf of both lenders and borrowers. Negotiations and drafting security documentation related.
Due diligence and thorough assessment on credit facility documentation. Check up on the collaterals and the additional guarantees,
Advices on transaction settlement instruments (escrow accounts, trust account agreements and others).
Bank receivables restructuring.
Project financing
Legal Services for Financial Institutions
We are providing legal analysis of different aspects of investment projects, also European financing and programs. Our company is doing negotiations over banking and non-banking financing of many different projects. Our assistance also includes:
defining the tranches of financing and the repayment schedules;
drawing-up documents necessary about to the project financing;
negotiating with all parties involved in the project financing – investors, financing parties, construction companies, project operators, subcontractors, suppliers, consumers of the product, export insurers, state authorities, etc.;
analysis and assignment of the respective permissions, licenses or concessions connected to energetics, road infrastructure, mining, telecommunications, sport facilities and others.
Legal assistance in collateral, operating and financial leasing
Legal advices and overall analysis according to the legislation in force and effect on:
possible securing of receivables;
preparation of agreements and other related documents;
entry into the relevant registers for the purpose of securing receivables through pledging, registered pledges on movables etc.;
What Bulgarian legislation is doing in bankruptcy proceedings?
As a commercial entity by law, you are fully allowed to get a proper assistance and real help in case of a bankruptcy. It is all regulated by the Commercial Code Chapter on Bankruptcy which is created for that kind of cases.
When a bankruptcy procedure is initiated?
There are two reasons enough for a bankruptcy proceeding to be initiated. First one could be because of the debtor’s insolvency, and the other one – due to the debtor’s excessive arrearages.
Basically, a debtor ought to declare bankruptcy within 30 days of becoming insolvent or over-indebted. In agreement with Part IV of the Commercial Code, debtors or creditors, private entities or state authorities, are allowed to initiate bankruptcy proceedings.
When a debtor is unable to perform an obligation under a commercial transaction or public debt, it is a presumption of insolvency. It happens when he/she has suspended all payments due, or is able to pay only the claims of certain creditors. The debtor is deemed over-indebted if its assets are insufficient to cover its short-term monetary obligations.
According to the amendments in the Commercial Code from 2010, the creditors’ protection had increased in case of a bankruptcy proceeding by prohibiting a debtor from adulterating the date of insolvency. Each application for bankruptcy submitted by a debtor is published in the Commercial Register. In this way, all creditors and contractual partners are provided with proper information about the bankruptcy proceedings.
When a creditor or a contractual partner requests for bankruptcy in court, that kind of a claim is heard in the presence of both creditor and debtor.
You have got the right to get a reorganization or rehabilitation of your company in full, to have your assets totally recovered, as long as to have them correctly and proportionately distributed among all creditors.
Our legal services in the sphere of insolvency law in Bulgarian mainly consist in:
Legal consultation and legal representation of foreign creditors in different insolvency procedures and debts claims securitization;
Legal representation of creditors during negotiations for settlement of their debt claims towards avoiding insolvency procedures;
Drafting a legal documents & applications for insolvency receivables, representation at the committee of the creditors, appealing against the syndic’s decisions and others;
In- and out-of-court representation of syndics from Bulgaria for location and collection of debtor’s assets;
Bankruptcy proceedings annul other court proceedings started against debtors except for labour cases, enforcement proceedings and cases related to receivables securitized by third parties’ property.
Our cases like this may be initiated even after bankruptcy proceedings have begun. Third parties which are looking for protection against debtor’s unfair deals have the right to appeal the court decision to initiate a bankruptcy proceeding when securities have been entered in public registers before the date of the claim which started the bankruptcy procedure.
The procedure itself
Once insolvency is resolute, the court appoints an interim trustee to represent and manage the company, as well as to take inventory of property and assets, and to assemble the creditors. At the first meeting of the creditors, a trustee is nominated.
The creditors must declare to him/her all debts owed to them within a month of the start of bankruptcy proceedings. Then, the trustee disposes with seven days to compile a list of debts. Within one month after the publication of the list of debts in the Commercial Register, a rehabilitation plan must be proposed. The amendments to the Commercial Code made, limit the application of the rehabilitation plan to debts reported, up to the moment of submission of the plan itself.
The court must confirm the plan within seven days and put it forward to the creditors for approval. After that, the court have to endorse the rehabilitation plan, to end up the bankruptcy proceeding and to choose a supervisory body to fully inspect the implementation of the rehabilitation plan.
The creditors shall collect to discuss the plan within 45 days.
The court may reopen the bankruptcy proceedings, if the debtor(s) does/do not accomplish the obligations according to the rehabilitation plan.
The parking space is located on the free part of the Building, which is built with building or buildings.
If the building or buildings are built on the basis of a building right, the free areas can be used by the owner of the site, respectively, to be given for use by third parties, including as separate parking spaces. In such a situation are the owners of sites in residential complexes.
So far, there is no extensive practice in Bulgaria for the renting of parking lots as public parking spaces, especially as citizens have a widespread understanding that the construction of the car parks and the infrastructure to them has been financed by the owners of the respective dwellings.
But purely such a practice is possible; as it is possible to rent out as parking lots parts of streets, squares, subways and other municipal property.
In any case, the Art. 64 of the Ownership Act, according to which the owner of an object in the building is entitled to use the land as much as necessary.
But it must be emphasized immediately that the parking of one or more family cars is definitely not a necessity of using land under Art. 64 ЗС.
The legal situation with the regulation of parking places in BULGARIA
If we are faced with a building in superfood mode and the owner has transferred a dealership with a notary deed to a third party “parking” on the empty space before concluding that there is a negligible deal, the will of the parties should be carefully examined.
It is possible in the form of a “parking space” the owner of the UPI to have set up the person the right to build a future garage; and precisely in order for this foundation not to transfer to the other owners an ideal part of the land. However, building with garages is not always possible from an urban point of view.
It is possible in the form of a “parking space” the owner of the UPI to have established the right of use on a real part of the terrain (with a view to using it for parking). Although the right of use under Bulgarian law is inconvenient for its non-transferability, its acquirer is not devoid of interest in acquiring it. There is no legal obstacle to establishing a right to use on a real part of the UPI.
A parking space can also be acquired through a rental agreement, as in the case of a commercial transaction, the principle 10-year limit under Art. 229, para. 1 of the CPA. However, the possibilities for such an interpretation are severely narrowed to cases where the “transfer” of the parking space is indicated by a time limit, and such cases do not actually occur.
Last but not least, we should consider that there is a complete and initial nullity of the order. If the owners of the building or buildings also own the corresponding ideal part of the ownership of the land, the problem of using part of the yard as a parking space should be solved on the floor of the condominium, because the yard will be a common part.
The possibilities for establishing parking rights in a yard – a common part of condominium property, are not large. The only cases where the area of the yard will be sufficient to provide parking space for all owners will be singular. On the other hand, a decision of the general meeting of the condominium can not deprive the owner of his right to use the yard for parking. There is only the possibility – with the unanimous agreement of the owners – to provide for an alternation of usage by days of the week, by months or by years. It is possible (again with unanimity) to agree that a part of the owners who use the parking spaces will pay the others who will not use a rental sum.
In order to avoid a situation where they do not have a parking space reserved for themselves, many clients of “green” dwellings want the latter to be explicitly entered in the deed of their dwelling. Building contractors also do not mind such a practice because the sale of parking places guarantees them considerable profits without much cost.
De lege lata and in view of Art. 38 BC, we can not deny that the yard is predestined for the GENERAL PART of the condominium. Consequently, transactions with the parking lots on the common part will be null and void if the transfer of the parking space takes place in parallel with the transfer of the dwellings, as is the mass practice.
But is it possible to transfer the parking spaces as a right of use, right to build or rent on real parts of the terrain before the developer has begun to transfer the objects to the building and thus establish a condominium? I think it is quite possible.
The law does not require terrain, which will become a common part, not be burdened with limited property rights or lease contracts. With the argument of Art. Pursuant to Article 237 of the IPA, the rented lease agreement would be binding on the acquirers of the condominium.
Therefore, de lege lata there are ways of “acquiring” the parking spaces in the yard before the condominium is built up.
These methods, however, do not coincide with the practice of acquisition by entering in the same title deed which acquires the main object. The very “acquisition” as the end result will be quite different from what is expected from the buyer, paying the parking space. Except when establishing the right to build, it will not become the owner of the parking space, but only a user of a right of use or a long-term lease.
The parking space is located in underground or overground covered parking.
This type of parking space is considered to be 3, that there is no separate object and the deal with them is negligible. Indeed, in this case there is no way to acquire ownership of a real part of the parking lot.
However, I do not think that the case of the nullity is always applicable here. Negligence is an institute, the application of which we must resort to moderation and abstinence, especially in the commercial turnover.
With careful analysis of the outcome of the parties, we will see that the parking lot is a separate object in the non-residential building. This object is not an integral part of its nature or purpose, because it is designed to serve not all but part of the floor owners (the others may not be car owners, have garages on the ground, etc.).
The parties are not aiming to become sole owners of the parking lot, but to use it in general, each “knowing” which part is. In my opinion, from this it follows that the will of the parties is the garage to be PRIVATE.
By purchasing the parking spaces an ideal part of the parking lot is purchased, and in parallel, the real estate is distributed in real way. Upon a subsequent sale of an object in the building we will have to consider it to be transferred as a “parking space” and the ideal part of the parking lot.
To assume that the transfer of the parking space is a negligible transaction would mean allowing the developer and other landlords to invoke this nullification and shake up against the person who has in good faith bought his parking space. This, in turn, will lead to completely redundant disputes.
Still, the adopted construction remains controversial and uncertain in the case law. It is preferable for the parties to exercise extreme caution when acquiring parking rights and to require the transferor to further clarify in the notarial acts what the subject of the transaction is.
Particularly in the case of the acquisition of parking spaces in general (underground) parking lots, it is necessary to examine whether the parking spaces are not envisaged according to the projects for a common part of the condominiums. If they are not, the notary deed must explicitly state that an ideal part of it is acquired. It is even better if, prior to the transfer of the parking space, the developer has prepared and submitted to the future owners a future use agreement accompanied by a parking plan.
For the time being, it is not possible to expect an explicit legal regulation of the parking spaces. It would be nice if it was created. We believe that once a phenomenon has it in practice, it is preferable for the law to regulate it explicitly instead of making it not noticeable.
The new legal regulation is mainly provided within Chapter 13 of the Bulgarian Commercial Act (Art.113-157) and particularly in Art. 129 and Art. 130 of the Commercial Act. Art. 129 regulates the principle possibility that a certain proportion of the shares could be transferred and inherited.
The changes in commericial legislation provides new requirements, depending on whether the shares are transferred to an individual who is already a shareholder at the company or to a third party. Therefore, both options shall be treated individually.
These are two declarations relating to transactions in enterprises and the transfer of shares.
One is under Art. 16, para. 2 of the Act, which reads: “Entry shall be effected upon presentation by the alienator of a declaration according to a model that there are no required and unpaid obligations under Art. 15, para. 4. The Registry Agency shall immediately notify the Executive Agency “General Labor Inspectorate” of the submitted declaration. The order for the notification shall be determined jointly by the Executive Director of the Executive Labor Inspectorate and the Executive Director of the Registry Agency.
The second declaration is under Art. 129, para. 2 of the Commerce Act. The text reads as follows: “The transfer of the shareholding shall be effected by a contract concluded with a notary certification of the signatures and the contents carried out at the same time, and shall be entered in the commercial register after presentation by the manager of the company and by the claimant, and outstanding obligations under para.1., Article 16, para. 2-4 shall apply accordingly “
The registration procedure in BUlgaria has been regulated by the Bulgarian Commercial Register, which entered into force as of 01.01.2018, in compliance with Ordinance № 1/2007 on the management, safekeeping and access to the commercial register and to the register of non-profit legal entities. The registration is being executed through an application to the Commercial Register, which provides distant access for filing of the applications.
The share transfer of a limited liability company in Bulgaria constitutes a change of circumstances concerning this company, whereby the necessary documents for the registration of similar changes within the Commercial Register are expressly regulated by Art. 21 of the Ordinance.
If you need more information, just send us your legal inquiry at info@lawyer-bulgaria.bgor call us now on + 359 897 90 43 91. Out law office will support you legally by your company transfer shares !
Bulgarian courts will freeze bank accounts of debtors and abroad
Lenders will be able to require the freezing of assets of debtors and abroad,This was made possible by amendments to the Civil Code. The amendments to Bulgaria accepted procedure called. European order for attachment of bank accounts. It’s about an EU legal instrument whose purpose is to facilitate cross-border debt recovery in civil and commercial matters.
Cross-border debt recovery in BULGARIA
The regulation, which establishes the procedure began to apply from January 18, 2017.Cross-border work is in two hypotheses.European Account Preservation Order (EAPO-regulation)
The first is where the creditor lives in the country – an EU member and the court imposing garnishment, bank account and subject to freezing, located in another Member State.
The second court in one country and bank account – in another.
The authority entitled to issue a European arrest is the first instance court if the request for a lien to be done before examining the merits of the case. There is however an opportunity for the applicant to request an order at any stage of the case by the court sees it. If this happens in those proceedings, the order is issued by the appellate court.
Obtaining EAPO is available as an option in all phases of the litigation process – where the creditor would be interested to secure prospective proceedings, as well during a pending lawsuit, and also in cases where court decision (or similar) has already been obtained and the judgment creditor needs to secure its enforcement.
If the court refuses to issue an order, the creditor may appeal an interlocutory appeal. If the failure is ordained of appellate jurisdiction, the appeal before the Supreme Court.
Cross-border work is in two hypotheses. The first is where the creditor lives in the country – an EU member and the court imposing garnishment, bank account and subject to freezing, located in another Member State.
And in the second court in one country and bank account – in another. The authority entitled to issue a European arrest is the first instance court if the request for a lien to be done before examining the merits of the case.
There is an opportunity for the applicant to request an order at any stage of the case by the court sees it. If this happens in those proceedings, the order is issued by the appellate court. If the court refuses to issue an order, the creditor may appeal an interlocutory appeal. If the failure is ordained of appellate jurisdiction, the appeal before the Supreme Court.
We would like to pay attention to the fact this Regulation won’t apply in the United Kingdom and Denmark so freezing bank accounts of debtors held in these two countries won’t be possible under the above procedure.
The debtor will be able to seek annulment of the order in the same order.The European accounts Preservation Order will be a good option for the local creditors, whose debtors reside on the territory of the European Union. Contact us for more information.
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