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As artificial intelligence (AI) continues to transform various sectors—from healthcare and finance to transportation and beyond—the need for effective regulation has become increasingly urgent. The

One of the most important duties of the financial supervisory authorities across the globe is to publicly announce and prohibit the activities of unregulated investment

On 20 June 2025, the Law on Credit Servicers and Credit Buyers (Law) was promulgated in the State Gazette, # 50, by which the Republic

Fraudulent Schemes In the recent years, the number of fraudulent schemes cases related to tracking of electronic correspondence and manipulation of attached documents has significantly

The Bulgarian Crypto-Asset Markets Act (CAMA) in force as of 8 July 2025 implements in the national legislation the EU Regulation on Markets in Crypto-

At the very end of 2024 the Bulgarian Council of Ministers approved a draft Crypto-Asset Markets Act (CAMA) and introduced it to the Parliament. CAMA

EU Regulation 2015/848, titled “On Insolvency Proceedings” (the European Insolvеncy Regulation – EIR) significantly reformulated and replaced the earlier Regulation (EC) 1346/2000 to create a

Law Firm Mikov & Attorneys completed successfully the two and a half years long litigation against Eurobank Bulgaria regarding damages to our client due to

The European Union has taken significant steps to streamline and strengthen its mechanisms to facilitate debt recovery between EU countries in civil and commercial matters.

Arbitration law in Bulgaria Arbitration serves as a vital mechanism for resolving commercial disputes efficiently, privately, and often more expeditiously than traditional litigation. Bulgaria has

Pre-litigation measures generally refer to the steps parties can take prior to initiating formal legal proceedings before courts of law to prepare for the actual

In the recent years most of the investment firms offer to their clients the possibility to download their apps either from Google Play or the

Variable Capital Companies (VCCs) represent an innovative corporate structure that offers flexibility to businesses. Introduced in 2023 through amendments of the Bulgarian Law on Commerce,

This January a group of members of the Bulgarian Parliament submitted a bill for amendment of the Obligations and Contracts Act in its part on

At the very end of 2024 the Bulgarian Council of Ministers approved a draft Crypto-Asset Markets Act (CAMA) and introduced it to the Parliament. CAMA

Introduction Cassation proceedings are an integral part of the judicial system in Bulgaria, functioning as a mechanism for reviewing judicial decisions made by lower courts.

Recap  OneCoin, founded in 2014 by the German citizen Bulgarian-born Ruja Ignatova, emerged as one of the most notorious cryptocurrency schemes in history. Centered primarily

The legal landscape in Bulgaria, particularly concerning litigation, is shaped by various factors, including the costs associated with initiating and pursuing legal action. Among these,

At the beginning of 2024 Law Firm Mikov&Attorneys shared the successful first instance litigation against a Bulgarian bank regarding damages due to non- compliance with

The New Regulation (EU) 2024/886 of the European Parliament and of the Council of 13 March 2024 amending Regulations 260/2012 (SEPA) and 2021/1230 and Directives 98/26/EC and

Alternative Dispute Resolution (ADR) has recently become popular worldwide to resolve various conflicts outside of classic litigation.  1. Litigation vs ADR This method of dispute

On 30 of May 2024 the Council of the European Union adopted the Anti-Money Laundering and Anti-Terrorism Financing Package (the AML Package). The AML Package

Civil Proceedings in Bulgaria Interim measures play a vital role in the Bulgarian legal system, ensuring the effective administration of justice and the protection of

Law Firm Mikov&Attorneys successfully represented the North American subsidiary of amultinational industrial and technology group in the first instance court proceedings against aBulgarian bank regarding

Successful Insurance Litigation Bulgaria – Law Firm Mikov & Attorneys’ lawyers successfully represented a Bulgarian company operating a photovoltaic park with 2.5 MW capacity in

Over the past decade, cryptocurrency has been steadily gaining traction globally, and Bulgaria is no exception to this trend. The rise of blockchain technology and

(1) Position of the Bulgarian magistracy Nexo is a cryptocurrency exchange that, according to the Bulgarian prosecutor’s office, is allegedly acting as an organized crime

Email bombing refers to spammers which constantly hit a lot of email addresses with spam messages. Their intention is not necessary to bring the email

Email forgery refers to a email address which has inaccurate information, although you won’t be able to edit this information if you use email services,

Email fraud is a generalized term that is used on all crimes that use the email for exploitation. Most common email frauds are: Email hacking,

Wire fraud is a generalized term that is used on all crimes that have any sort of network, or wires. Most of the hacking frauds

Hacking or computer hacking, is a term that started out as a definition for a person, who helps other people with setting up their computers.

Hackers, the only thing that is keeping them away from your personal information and bank accounts is passwords and emails, of which, the email is

Network hacking is the means of exploiting the infrastructure of computers and printers of a given network to gain access to them. Every program that

Email hacking occurs when a hacker breaches into the email service provider, or uses social-engineering to trick the user into phishing websites or even make

Email Account Compromise is a sub-fraud of Business Email Compromise (BEC), this type of fraud is only different from BEC in the way that in

Salami attack is a strategy which scammers use in order to get away with small scams without anybody noticing. The term salami does not refer

Investment fraud is a generalized fraud which cover all of the investing in property or stocks types of frauds, such as the Boiler-Room fraud. Frauds

Data breach happens when a hacker gains access to an online service, such as a social media, or an email provider that has been exposed

Business email compromise is a type of fraud that, as the name suggest, occurs when an scammer uses social-engineering techniques in order to gain private

Internet fraud is a generalized crime covering many sub-types of frauds regarding tricking the victim into providing his information, or to trick him into doing

ATM fraud is a generalized fraud covering many sub-types of frauds regarding physical ATM attacks. But most often, they involve hacking nowadays, since ATM machines

Boiler room frauds are simple salesman tactics to trick investors into spending money on stocks which are either not worth it, or are owned by

Credit card fraud is a general term referring to many types of frauds that are both on credit and debit cards. Although the name, all

Card-Not-Present fraud is based on making online purchases with stolen credit card information. This fraud involves another type of crime, most often phishing, since, the

Non-delivery fraud are focused on individuals which are looking to buy some goods, often from the internet. The scam is very simple, yet almost undetectable,

Telecom fraud is most often, to attract users via spam, or to trick users into doing something which will expose their sensitive information known as

Romance scams are based on social engineering. The main goal of such scams is to lure the victim into developing a deep relationship with the