BEARER SHARES NOW FULLY ABOLISHED IN BULGARIA

On 30^th October, CMS Cameron McKenna Narbarro Olswang LLP published an article saying that on 23^rd 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 View all posts by raytodd2017