BEARER SHARES NOW FULLY ABOLISHED IN BULGARIA

On 30th October, CMS Cameron McKenna Narbarro Olswang LLP published an article saying that on 23rd October, amendments to the Bulgarian Commerce Act came into force, which entirely repeal bearer shares in Bulgaria.  According to this amendment, all existing joint-stock companies and partnerships that have issued bearer shares must substitute them with registered shares.

http://www.cms-lawnow.com/ealerts/2018/10/bearer-shares-now-fully-abolished-in-bulgaria?cc_lang=en

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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