Attorney
Corporate and commercial law
Companies and commercial contracts, drafted with experience from the commercial side of the table. In international technology companies Miroslav Mavrov ran bids, pricing and negotiations for multi-party IT services and software contracts. A contract is read the way you will have to live with it.
Scope
What it covers
- Company formation and Commercial Register filings
- Share transfers, changes in management and capital
- Commercial contracts for supply, services and partnerships
- Software and IT services contracts: SaaS, MSA, SOW, implementation
- Liability, payment terms and risk allocation
- Commercial disputes
Key statutesCommerce Act · Commercial Register Act · Obligations and Contracts Act
Questions
Frequently asked questions
How are shares transferred in a Bulgarian limited liability company (OOD)?
By a written contract with notarised signatures and contents (Art. 129(2), Commerce Act). A buyer who is not already a partner must be admitted by the general meeting (Art. 129(1)). The transfer is entered in the Commercial Register together with the amended articles of association.
What is needed to set up a company in Bulgaria?
Articles of association, a decision appointing the manager, declarations and an application to the Commercial Register. The company also declares its beneficial owners, the individuals who own or control it (Measures Against Money Laundering Act). The application can be filed electronically.
Can liability be limited in a commercial contract?
Yes, usually with a cap on damages and an exclusion of lost profits. A limitation is void, however, for intent or gross negligence (Art. 94, Obligations and Contracts Act). That is why the cap is drafted together with its exceptions.
How long can payment terms between businesses be?
As a rule, up to 60 days. A longer term is allowed only if it is expressly agreed and is not grossly unfair to the creditor (Art. 303a, Commerce Act). On late payment the creditor is entitled to interest and to at least EUR 40 in recovery costs (Art. 309a).
What should a SaaS or IT services contract cover?
A clear scope (SOW), service levels (SLA) and what happens when they are missed. It also needs a liability cap, rights in the software and the data, data processing terms under Art. 28 GDPR, and how data is returned on termination. Each clause is also priced in margin, delivery risk and time to signature.
Can a contract with a Bulgarian company be in English?
Yes. Contracts between businesses can be in English or bilingual. Documents filed with the Commercial Register must be in Bulgarian or come with a certified translation.
How it works
From request to engagement
Request a time
Pick a day and time in the calendar. The request reaches Mr Mavrov as an invitation in his Google Calendar.
Confirmation
The time is fixed once the invitation is accepted. You receive a confirmation by email.
First consultation
At the office, online or by phone. Have the documents ready: contracts, correspondence and anything with a running deadline.
Written agreement
The scope of work and the fee are agreed in writing before the work begins: a legal services agreement.
Consultation
Book a time
60 minutes at the office, online or by phone. Open times come straight from Mr Mavrov’s calendar.