Home / Europe / Bulgaria / Banking & Finance / Restructuring, Business Transformation & Insolven...

Restructuring, Business Transformation & Insolvency Law Firm in Bulgaria

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

Back to Banking & Finance

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

Feed

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...
06/07/2023
The future of pre-pack sales in Luxembourg
On 7 December 2022, the EU Commission issued a proposal for a directive harmonising certain aspects of insolvency law (the Draft Directive). One key aspect of this Draft Directive is the regulation of...
06/07/2023
Proposal for European rules on pre-pack proceedings should be supported
On 7 December 2022, the European Commission published the Proposal for a Directive of the European Parliament and of the Council harmonising certain aspects of insolvency law. This Proposal is intended...
20/06/2023
Impact of EU "Pre-pack proceedings" directive in Germany: pre-pack proceeding...
The EU Commission has presented a draft directive on the mandatory inclusion of a "pre-pack proceeding" in national insolvency laws.On 7 December 2022, the European Commission published a draft directive...
15/06/2023
EU proposes Directive on harmonisation of insolvency law
The lack of harmonised insolvency laws has long been regarded as one of the greatest obstacles to the free movement of capital in the EU in general and to cross-border investments, insolvency proceedings...
23/08/2022
Restructuring and insolvency law in Bulgaria
1. What is the primary legislation governing insolvency and restructuring proceedings in your jurisdiction? Pursuant to Annex A to Regulation (EU) No. 2015/848 of the European Parliament and the Council...
Comparable
07/03/2022
EU and UK Sanctions against Russia: a focus on the Financial Sector
In recent days the EU and the UK have adopted and expanded a number of sanctions measures against Russian and Belarusian individuals and companies. This article focuses on restrictive measures directed...
27/02/2022
Handling the new EU and UK sanctions against Russia
Since 2014, the EU and the UK have progressively imposed sanctions on Russia in response to the crisis in Ukraine. Following the latest events, both the EU and the UK, as well as many other countries...
02/02/2022
CMS strengthens its leadership team in CEE
Nedeljko Velisavljević promoted to CEE Partner
01/06/2021
Some leaks can't be fixed
“Confidential information is like an ice cube... give it to the party who has no refrigerator or will not agree to keep it in one, and by the time of the trial you have just a pool of water.” This...