Djingov, Gouginski, Kyutchukov and Velichkov Law Firm

21/11/2025

Bulgarian Legislative Framework Updated to Implement the EU Digital Services Act

On 21 November 2025, amendments to the Bulgarian Electronic Communications Act (ECA) implementing the EU Digital Services Act (DSA) were promulgated in the State Gazette.
∙ The Communications Regulation Commission (CRC) is designated as the national Digital Services Coordinator, responsible for monitoring compliance with the DSA by all providers of intermediary services
∙ The Council for Electronic Media is the supervisory authority for video-sharing platforms
∙ The Commission for Personal Data Protection is responsible for monitoring advertising based on profiling and protecting minors from targeted advertising

The amendments to the ECA empower the CRC to certify out-of-court dispute resolution bodies, award the status of trusted flaggers and vetted researchers, and collect information from a broader range of actors in the digital ecosystem (DNS providers, hosting companies, cloud services, online platforms etc.) in Bulgaria.
A new procedural regime will apply to inspections, the collection of evidence, and the application of urgent interim measures to prevent serious harm, including temporary restrictions of access to digital services.
Together, these amendments complete the national framework for the implementation of the DSA in Bulgaria.

If you need more information, please contact DGKV’s Partner Violetta Kunze at: [email protected] and DGKV’s Senior Associate Georgi Sulev at: [email protected].

18/11/2025

🌟 The Future of Bulgaria Looks Bright — and We Saw It Up Close.

On 16 November, DGKV proudly supported SofiaTalks Business Bootcamp — a day where over 800 young visionaries proved that ambition, curiosity, and courage are alive and thriving.

At our stand in the Expo Zone, we met students who asked bold questions, shared big dreams, and reminded us why investing in young talent matters. From powerful talks and real conversations to the Pitching & Trading competitions, the energy in Sofia Tech Park was unforgettable.

💡 Highlights that inspired us:
∙ Charity as a bridge between business & society
∙ The journey from intern to CEO
∙ Bulgarian success stories built from passion & persistence
∙ Lessons no textbook teaches
∙ How to stand out in a 3-second attention world

We left SofiaTalks believing — more than ever — that the next generation of leaders is already here. And they are extraordinary.

21/10/2025

🏆 Djingov, Gouginski, Kyutchukov and Velichkov Law Firm Wins “Firm of the Year – Bulgaria” at the Legal 500 CEE Awards 2025!
We’re beyond thrilled to share some wonderful news — DGKV has been named “Firm of the Year – Bulgaria” at the Legal 500 CEE Awards 2025!
This award celebrates the talent, dedication, and teamwork of our amazing colleagues, and the trust of our clients and partners who make our work meaningful every single day.
A warm thank-you to The Legal 500 for this honour, and to everyone who continues to believe in our mission to deliver excellence and innovation in legal services.
👏 Huge congratulations to the entire DGKV team!
See the full list of winners here: https://www.legal500.com/events/cee-awards-2025/winners-2025/

19/09/2025

Djingov, Gouginski, Kyutchukov and Velichkov Law Firm Celebrates 30 Years of Legal Excellence with an Immersive Art Experience

16 September 2025 – Sofia, Bulgaria

DGKV marked its 30th anniversary on 16 September 2025 with a celebration which brought together clients, partners, colleagues and artists, at Sofia Tech Park’s John Atanasoff Hall.

Art and Innovation at the Heart of the Celebration

The highlight of the evening was DGKV’s collection of contemporary Bulgarian art presented in an immersive 3D mapping.

The collection includes works by iconic Bulgarian artists, such as Bozhidar Boyadjiev, Deyan Petrov, Genadi Gatev, Georgi Ruzhev, Georgi Tushev, Gredi Assa, Houben Tcherkelov, Ivan Kiuranov, Ivan Kostolov, Kokimoto, RASSIM, Ventsislav Zankov, Vihroni Popnedelev, among others and reflects DGKV’s long-standing commitment to culture and art.

Curator Margarita Dorovska, the art director of the presentation, emphasized the significance of the collection:

“DGKV’s collection features works by artists who have become close friends over time, with careers followed and supported through decades. The collection embodies personal narrative, exploration, and bold creativity—mirroring DGKV’s corporate spirit and vision. Through this 3D projection, the artworks were brought to life in an innovative way, creating a unique experience for our guests.”

The live jazz performance by the Jivko Petrov Trio and fine art paired in an experience unprecedented on the Bulgarian art scene.

A Celebration of Legacy, Culture, and Community

Managing Partner Stephan Kyutchukov reflected on the firm’s culture:

“Great professionals must also be great humans—with taste, empathy, and soul. That’s why we collect contemporary Bulgarian art and groove to world-class Bulgarian jazz. Law and beauty? A surprisingly elegant pairing: we will prove tonight!”

DGKV’s 30th anniversary was more than a celebration of past achievements—it was a statement of vision, reaffirming the firm’s commitment to innovation, excellence, and freedom of mind.

Special thanks to Paragraph 42 (event management), Margarita Dorovska (art director), Phormatik (3D mapping), Jivko Petrov Trio (live jazz performance), DJ Dessi, Dynacord (sound, visual and light equipment), L’Instant Catering, for helping create a memorable experience.

21/08/2025

🇧🇬 Bulgaria is set to adopt the on 1 January 2026💶

With the Euro Act ⚖️ and its recent amendments now in effect, businesses face key compliance milestones: obligations for 💱dual price display and ❌ a ban on unjustified price increase during the Period (8 August 2025 – 8 August 2026), 💳 payment processing rules during the Period (1 January 2026 - 1 February 2026), and new duties to provide information to 🏛️. Automatic conversion of bank accounts, securities, and payrolls will ensure a smooth transition, but companies must adjust their 📊 accounting practices after 1 January 2026. Moreover, they must update their 🗂️ corporate documents and internal policies before the end of 2026.

⏳A until 8 October 2025 applies to certain requirements, but ⚠️non-compliance may trigger significant , making proactive preparation essential. 🚀Joining the is a historic step for Bulgaria, but one that requires careful legal and operational readiness from all stakeholders.

👥Our team Violetta Kunze, Deyan Bogdanov, Kamen Gogov, remains available to provide full assistance and navigate clients through the variety of legal requirements related to the Euro adoption in Bulgaria.

Djingov, Gouginski, Kyutchukov and Velichkov Law Firm
Read the full article at:
https://dgkv.com/insights/publications/navigating-bulgaria-s-euro-adoption-your-concise-compliance-guide

11/08/2025

Djingov, Gouginski, Kyutchukov and Velichkov Law Firm Advises on Strategic Acquisition of INDEAVR by MARLABS

Sofia / New York / Geneva – August 6, 2025

DGKV is pleased to have advised Marlabs, a leading US‑based digital transformation firm, on its strategic acquisition of INDEAVR, a Swiss‑Bulgarian engineering services firm with strong capabilities in digital product engineering, AI, cloud, and data.

The transaction deepens Marlabs’s European presence and enhances its AI‑driven digital engineering services by integrating INDEAVR’s team of over 200 professionals and enterprise delivery track record.

DGKV supported Marlabs throughout the deal, providing strategic Bulgarian counsel on transaction structuring, due diligence, negotiation and completion of the transaction.

The acquisition follows Marlabs’s prior international growth moves, including the Onebridge (U.S., January 2024) and Monitora (Brazil, May 2023) integrations. Together with INDEAVR, Marlabs is strengthening its ability to deliver innovative digital transformation solutions at scale.

We are proud that DGKV’s advisory expertise continues to assist clients in high-impact cross-border M&A within the digital and tech services sectors.

—



DGKV Team Lead: Partner Youliana Naoumova, supported by Ivan Punev, Counsel


Press release of Marlabs: https://www.marlabs.com/post/marlabs-announces-strategic-acquisition-of-indeavr-to-strengthen-digital-transformation-capabilities

01/08/2025

Several significant amendments to the Administrative Procedure Code (“APC”) were promulgated in the State Gazette on 1 August 2025. The changes will take effect gradually – some provisions are effective immediately upon promulgation, others three days later, some one month after promulgation, and certain key provisions on 1 January 2026 and 1 July 2026, respectively. This phased entry into force is designed to allow administrative bodies and administrative courts, as well as citizens and businesses, sufficient time to adapt to the new legal framework.

These legislative changes are primarily focused on the digitalization of administrative proceedings, both before administrative authorities and in administrative court litigation. The goal is to streamline procedures, reduce delays and ensure full digital traceability.

This newsletter provides a brief overview of the most notable amendments, grouped thematically for clarity and ease of reference.

Read the full text of the newsletter here: https://dgkv.com/insights/publications/amendments-to-the-administrative-procedure-code

29/07/2025

Bulgarian Parliament Enacts Important New Law Allowing Individuals to Clear Personal Debt

Bulgaria has taken a major step toward modernizing its insolvency framework with the adoption of the first-ever Law on the Insolvency of Natural Persons (LINP). Passed by the Parliament on June 19 and set to come into force in July 2025, the law offers a formal mechanism for non-entrepreneurial individuals struggling with debt to seek relief through the courts.
Under the new law, individuals who have been unable to meet their financial obligations for more than 12 months and owe at least BGN 10,770 will be eligible to file for insolvency. The process is voluntary and can only be initiated by the debtor, with creditors having limited authority to intervene.
To qualify, debtors must act in good faith and cooperate fully with the court, which oversees the insolvency proceedings. The law outlines a two-phase process: an initial assessment, followed by either approval of a repayment plan or, failing that, liquidation of the debtor’s assets. Certain categories of debt—such as child support and court-imposed fines—remain exempt from discharge.
Lawmakers say the legislation aims to balance the interests of debtors and creditors while offering overburdened individuals a second chance at financial stability.

Read the full text of the publication here: https://dgkv.com/insights/publications/bulgarian-parliament-enacts-important-new-law-allowing-individuals-to-clear-personal-debt

28/07/2025

In this issue, Djingov, Gouginski, Kyutchukov and Velichkov Law Firm's Tax team is focusing on changes to the Law on Corporate Income Tax.
Read the full text of the newsletter here: https://dgkv.com/insights/publications/dgkv-tax-newsletter-july-2025

25/07/2025

16/07/2025

Key Provisions of the EU AI Act shall become applicable from 2 August 2025
Starting 2 August 2025, Regulation (EU) 2024/1689 (AI Act) will mandate that providers of general-purpose AI (GPAI) models — those AI models that display significant generality and are capable of competently performing a wide range of distinct tasks — on the EU market comply with specific obligations.
All GPAI model providers must prepare technical documentation, a copyright policy, and a detailed summary of the training content. Non-EU providers must designate an EU representative. Providers of GPAI models that pose systemic risks must conduct risk assessments, implement risk-mitigation measures, report serious incidents, and ensure cybersecurity.
To demonstrate compliance, providers may rely on codes of practice. The European Commission received the final version of the GPAI Code of Practice on 10 July 2025. It is expected that the Member States and the European Commission shall endorse the Code in August 2025.
Transitional Period: GPAI models that have been placed on the market before 2 August 2025 must comply with the AI Act by 2 August 2027. As regards new models, the applicable rules shall become enforceable by the European Commission as of 2 August 2026.
In addition, by 2 August 2025, Member States should designate national competent authorities and establish rules for penalties. Bulgaria has yet to designate its authorities and adopt national implementing legislation. At this point, only the authorities protecting fundamental rights have been identified.
Feel free to reach out to Violetta Kunze, Ralitsa Gougleva and Georgi Sulev, part of ’s AI Governance Group, for more information.



Ключови разпоредби на Акта за ИИ влизат в сила от 2 август 2025 г.
От 2 август 2025 г. Регламент (ЕС) 2024/1689 (Акт за ИИ) ще изисква от доставчиците на модели на изкуствен интелект с общо предназначение (ИИОП) — модели, които имат до голяма степен общ характер и са в състояние да изпълняват широк набор от отделни задачи — да спазват определени задължения при предлагането им на пазара на ЕС.
Всички доставчици на ИИОП модели трябва да изготвят техническа документация, политика за авторски права и подробно резюме на използваното обучително съдържание. Доставчиците извън ЕС трябва да определят представител, установен в Съюза. Доставчиците на ИИОП модели, пораждащи системен риск, ще трябва да извършват оценки на риска, да прилагат мерки за неговото ограничаване, да докладват за сериозни инциденти и да осигуряват киберсигурност.
С цел доказване на съответствие, доставчиците могат да се позовават на кодекси за поведение. Европейската комисия получи окончателната версия на Кодекса за поведение в областта на ИИОП на 10 юли 2025 г. Очаква се държавите членки и Европейската kомисия да го одобрят през август 2025 г.
Преходен период: ИИОП модели, пуснати на пазара преди 2 август 2025 г., трябва да отговорят на изискванията на Акта за ИИ до 2 август 2027 г. За новите модели, правилата ще започнат да се контролират от Европейската комисия, считано от 2 август 2026 г.
До 2 август 2025 г. държавите членки следва да определят национални компетентни органи и да приемат правила относно санкциите. България все още не е определила своите органи, нито е приела национално законодателство за прилагане на регламента. Към настоящия момент са идентифицирани единствено органите за защитата на основните права.
За повече информация можете да се обърнете към Violetta Kunze, Ralitsa Gougleva и Georgi Sulev, част от ’s AI Governance Group.

25/06/2025

In this issue, Djingov, Gouginski, Kyutchukov and Velichkov Law Firm's Tax team is focusing on the number of changes to the tax legislation of the Republic of Bulgaria that came into effect in April 2025.
After examining in our previous article the changes to the Law on Value Added Tax, the Law on Personal Income Tax, the Tax and Social Security Procedure Code, and the budget laws, in this article we will briefly review the changes to the Law on Excise Duties and Tax Warehouses.
https://dgkv.com/insights/publications/dgkv-tax-newsletter-june-2025