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New rules for collective consumer claims: Implementation of the EU Representative Actions Directive in Bulgaria
Bulgaria has adopted changes to its national legislation implementing EU rules on collective consumer representative actions. A new procedure for collective consumer claims is now in place. 1. Background Bulgaria implemented Directive (EU) 2020/1828[1] through amendments to the Consumer Protection Act (the “CPA”) and Civil Procedure Code (the “CPC”). Prior to these amendments, collective consumer rights could be protected through a general class-action procedure under local law. The changes to the CPC introduce a new regime designed to provide consumers with more efficient protection mechanisms, thereby complementing the existing framework. 2. New collective consumer claims procedure Only
Corporate and M&A: Key Bulgarian legal developments
Over the past months, Bulgaria has adopted and implemented several important legislative changes affecting foreign investment screening, merger control, corporate reorganisations, and company transparency. In addition, the country is preparing for euro adoption on 1 January 2026, which will bring adjustments to corporate governance and registration procedures. Courts have also issued significant rulings clarifying directors’ duties in insolvency, the validity of detrimental transactions, and shareholder rights. Our overview provides detailed information about these updates and outlines their implications for businesses and transactions. Update on Bulgarian legislation 1. Foreign Direct Investment