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How easy is it in Bulgaria for company assets to fall into the wrong hands
Business, Corporate and Joint Ventures
An article by the law firm Simeonov & Dermendjiev (the Bulgarian sister firm of Afik & Co.) on corporate asset stripping and managerial liability: The article examines Bulgarian jurisprudence on whether a company can void bad-faith transactions executed by its managers to siphon assets, relying on contract law principles. The core argument is that "organic representation" should not grant immunity, and companies must be allowed to cancel immoral deals made in collusion with third parties to prevent the legalized theft of their assets.
Business, Corporate and Joint Ventures
Commercial, Banking and Financial
Here is the translation of the provided legal text into English, Spanish, French, and Portuguese (Brazil). The text has been formatted to highlight key legal principles and make it highly readable. English Liability of Office Holders for the Tort of Causing a Breach of Company Contract When a company is a party to a contract […]
Did You Sign? Did You Understand? On the Duty of Disclosure in Loans and Mortgages
Real estate in Israel and around the world
Commercial, Banking and Financial
Imagine the following situation: your spouse’s business needs a financial boost, and they ask you to join as a borrower or guarantor for a non-bank loan. While they promise that everything is under control – leading you to arrive at a lawyer’s office, sign a stack of documents within minutes, and go on your way […]
The Thirty Years’ Contract War – The End?
Commercial, Banking and Financial
An article discussing the long-standing battle over contract interpretation in Israel, ranging from the 'Apropos' ruling to the Second Amendment to the Contracts Law of early 2026 - a move described as little more than populism. The article was written by Adv. Doron Afik and Adv. Gilad Bar-Ami of Afik & Co.