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Restructuring, Business Transformation & Insolvency Law Firm in Bulgaria

We cover every area of Restructuring, Business Transformation & Insolvency Law.

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CMS in Bulgaria can help you with restructuring, insolvency and transforming your business. Whether caused by rapid technological developments, consumer preferences, increased success of competitors, tightening of regulation or an overall economic downturn. When businesses experience decreasing revenue and profits it is better to act sooner rather than later. CMS has lawyers based in Bulgaria to help businesses to reduce risk and make the most of business opportunities both within Bulgaria and across the world.

Business transformation

Business transformation may help you in keeping pace with the latest trends and developments in your sector and allow you to maintain or improve your market position. The ability to react quickly and to be flexible in incorporating changes to how your company operates has never been more important to your business. 

Restructuring and protecting your business

You may consider a wide variety of measures to strengthen your (financial) position and protect yourself from the adverse effects of business related issues. Our teams at CMS can help you assess your options navigate through the legal challenges related to them, be it debt restructuring, corporate optimisation (including the sale of assets), change of business model, employment reorganisation or the review of the agreements with your suppliers and creditors. 

Insolvency

In cases where insolvency is imminent, we also provide support during insolvency itself, benefitting from the experience gained by our insolvency specialists as court-appointed insolvency administrators across the region. Our experience spans all types of corporate restructurings as well as advising debtors and creditors through insolvency proceedings. We also support private equity houses and funds on sales and acquisitions of businesses and non-performing loan portfolios, supporting their investment strategies.

CMS in Bulgaria

CMS in Sofia is extremely well positioned to handle your restructuring and insolvency matters in Bulgaria. With a team of 42 dedicated partners and lawyers across corporate, finance, commercial, employment, disputes and real estate practices, we are one of the leading international law firms on the market. Contact our team in Bulgaria to see how we can help you optimise your business model and stay at the forefront of competition today.

Expert Guide to Stabilisation and Restructuring
Bulgaria
Expert Guide to Restructuring Possibilities in Europe - Bulgaria

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07/03/2024
Bulgarian avoidance actions in line with EU Proposal
The EU Commission issued a proposal for a Directive harmonising certain aspects of insolvency law, EU (COM(2022) 702 final. Although still being discussed, the Proposal is unlikely to result in material...
10/01/2024
Harmonisation of insolvency avoidance in Europe
This article continues our Law-Now series "Harmonisation of Insolvency Laws in the EU" in which we provide an overview of the articles addressing insolvency avoidance actions of the draft EU directive.As...
08/09/2023
Pre-pack insolvency sale in Bulgaria with a view of the proposed new directive...
The pre-pack insolvency sale is not currently regulated under Bulgarian law.The Bulgarian law currently regulates the implementation of a recovery plan as a stage of opened insolvency proceedings, such...
31/08/2023
Pre-Pack reorganisation in Serbia and Montenegro: An overview
In response to the proposal by the EU Commission on 7 December 2022 that an EU Directive be issued to harmonise certain aspects of insolvency law, this article provides a look into one of the main topics...
31/08/2023
Pre-Pack reorganisation in Bosnia and Herzegovina: An overview
In response to the proposal by the EU Commission on 7 December 2022 that an EU Directive be issued to harmonise certain aspects of insolvency law, this article provides a look into one of the main topics...
11/08/2023
Pre-pack proceedings Slovak law: challenge to avoid speculations?
Only a year ago, Slovakia transposed EU Directive 2019/2023 on preventive restructuring frameworks with an intention to reform insolvency proceedings and make them more effective. (See CMS | Law-Now...
07/08/2023
The Pre-pack Directive proposal: a guide to possible pre-pack proceedings...
On 7 December 2022, the European Commission published a proposal for a Directive of the European Parliament and of the Council harmonising certain aspects of the insolvency law. The intention of this...
07/08/2023
Pre-pack insolvency sale in the Czech Republic: Current situation and outlook
A pre-pack insolvency sale, which is an expedited liquidation proceeding that allow for the sale of all or part of a debtor’s business as a going concern to the best bidder shortly after the insolvency...
07/08/2023
Pre-pack sales procedures in Hungary
The success of the recently introduced pre-pack-like rules in Hungary will help determined how the EU Directive on pre-pack sales will be implemented in this country.Existing pre-pack-like rulesPre-pack...
27/07/2023
A short guide to leveraging Pre-Packs in Switzerland
What situations call for a Pre-Pack?Imagine the following scenario: a debtor, in our case a company, is facing severe financial distress. The company, however, still has certain business units that are...
19/07/2023
Pre-pack proceedings in Portugal introduce a brave new world
The pre-pack proceedings regime set out in the Title IV of the Proposal for a EU Directive to harmonise certain aspects of insolvency law, dated 7 December 2022, will be a tremendous challenge for all...
19/07/2023
Pre-pack insolvency proceedings: the Spanish approach
A pre-pack insolvency proceeding is a sale of the still-viable production unit of an insolvent company, negotiated before the formal judicial declaration of the insolvency process, by the judicial appointment...