Bulgaria

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Recent Articles

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    16/04/2025
    Europe

    New Important Project of Common European Interest (IPCEI) focusing on innovative nuclear technologies

    A high-level meeting of the Joint European Forum on Important Projects of Common European Interest (JEF-IPCEI) was held last week, attended by Executive Vice-Presidents Teresa Ribera and Stéphane Séjourné and high-level representatives of Member States.Discussion at the forum further focused on:possible improvements to further simplify and speed up the IPCEI process;how to use IPCEIs to achieve the objectives set out in the Clean Industrial Dealoptions to facilitate EU co-financing of IPCEI projects.The Commission announced during the Forum its support for a new important project...
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    15/04/2025
    Europe

    ESMA’s Final Reports on Order Execution Policies, New SI ITS and RTS Amendments

    On 10 April 2025, the European Securities and Markets Authority (“ESMA”) published two final reports on firm’s order execution policies under MiFID II and rules on systematic internalisers, volume cap and circuit breakers.The initial consultations were launched in July 2024 (see Consultation Paper on Order Execution Policies and Third Consultation Package of MiFIR Review) following the MiFID and MiFIR reviews.Key HighlightsKey highlights of the final reports are set out below:Criteria for Establishing and Assessing the Effectiveness of Investment...
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    11/04/2025
    Europe

    Agentic AI and the EU AI Act

    Agentic AI systems are designed to act autonomously, sense their environment, make decisions, and take actions without constant human oversight. However, their autonomy and potential to operate with minimal human intervention raise unique challenges in terms of regulation, particularly under the EU AI Act.What Is Agentic AI?The functioning of agentic AI is rooted in Large Language Models (“LLMs”) and other advanced machine learning algorithms. These models are trained on vast datasets to understand human language and respond intelligently to various inputs. What sets agentic AI...
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    11/04/2025
    Europe

    The Cyber Resilience Act: Consultation on the Technical Description Opens

    Agentic AI systems are designed to act autonomously, sense their environment, make decisions, and take actions without constant human oversight. However, their autonomy and potential to operate with minimal human intervention raise unique challenges in terms of regulation, particularly under the EU AI Act.What Is Agentic [CMS1] AI?The functioning of agentic AI is rooted in Large Language Models (“LLMs”) and other advanced machine learning algorithms. These models are trained on vast datasets to understand human language and respond intelligently to various inputs. What sets agentic...
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    09/04/2025
    International

    New deadlines approach for beneficial ownership reporting requirements in the US

    As part of the US government’s focus on deregulation, beneficial ownership information (BOI) reporting requirements under the US Corporate Transparency Act (CTA), which came into force in January 2024, have been narrowed so that US entities are no longer required to report.Importantly, because foreign reporting companies will still be subject to the new rules, all non-US entities registered to do business in any US state must familiarise themselves with the requirements and, if needed, take steps to comply before the new filing deadline of 25 April 2025.BackgroundThe CTA requires certain...
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    09/04/2025
    International

    Navigating M&A deals through a tariff storm

    The tariffs introduced by the Trump Administration  have shocked global stock markets and are expected to have even greater impact on industrial and trading businesses, and ultimately, consumers. Retaliatory measures introduced by other major economies are likely to exacerbate an already deeply challenging situation.Nevertheless, M&A is a resilient beast. Deal teams, armed through recent COVID experiences, will need to apply the ingenuity and lateral thinking required to close deals in ways, which protect concerned parties against the Tariffs.In this article, we explore:what exactly is...
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