Legal nature and prerequisites of a trader’s stabilization proceedings (in force from 1st July 2017)
Journal Title: Globalization, the State and the Individual - Year 2017, Vol 3, Issue 15
Abstract
By the Law on Amendment and Supplement of the Commercial Act (LASCA), promulgated in State Gazette № 105 of 2016, a new part five “Stabilization of a Trader”, consisting of thirty-six provisions (art. 761-797) was set up. Its coming into force was postponed six months after the promulgation (July 1, 2017). In this respect, the present report is the first attempt to analyze the stabilization procedure in contemporary Bulgarian commercial and legal literature. What will be the practical value of the new regulation is a question, the answer of which is subject of the future. In the next at least 3-5 years, there will still be some legal practice on how to apply it to be formed.
Authors and Affiliations
Anton Grozdanov
Keywords
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