The leverage for gaining economic growth and stability in the market very frequently involves the uniting of economic efforts and consolidation of economic powers of independent entities. Whenever as a result of that a merger or a change in the control of an independent undertaking occurs and this brings about a lasting change in the structure of the undertakings concerned and therefore in the structure of the market, a concentration (between undertakings) is deemed to have taken place. Should the aggregate amount of the turnovers of the undertakings concerned for the preceding financial year exceeds a certain threshold the transaction shall be subject to the prior notification before the national competition regulator.
Through the years competition law in Bulgaria and the European Union has been carefully shaping the verges of such operations. Delchev & Partners’ lawyers can render you precise legal services for the purposes of a successful accomplishment of any form of concentration in Bulgaria, e.g. a company merger or acquisition in Bulgaria. We can advice you with regard to:
- mergers in Bulgaria;
- acquisitions of control in Bulgaria (acquisition of sole and joint control, change of control, exchange of assets, demergers, etc.);
- formation of full-function joint ventures in Bulgaria;
- notifications of concentrations in Bulgaria.
Delchev & Partners is a prime, full service, commercial law firm with offices in Sofia and Plovdiv, Bulgaria. Our experienced team of lawyers and consultants provide quality legal and tax services in various practice areas to multinational corporations and companies, closely held foreign and local businesses, local entrepreneurs, exempt organizations and individuals, based or operating in any major Bulgarian city – Sofia, Plovdiv, Varna, Burgas, Stara Zagora etc.