Svetlana Todorova, Senior Associate at PETERKA & PARTNERS and member of the Litigation and Insolvency Practice, has written an article focusing on amendments to the Bulgarian Commerce Act related to traders experiencing financial difficulties. The opportunity to undergo a procedure for restructuring of their obligations has been available since 1 July 2017 and it reflects the European Commission Recommendation of 12 March 2014 on a new approach to business failures and insolvency. If you wish to read the article, please click on this link.