Wealthy companies 'benefit' of speed in Commercial register
A recent journalist research showed that a major Bulgarian newspaper publisher has changed shares ownership. The new and the old shares owner are contradictory entities, but the most interesting thing about this shares transaction is the speed that the change was registered in the Commercial register. To be absolutely objective here is an excerpt from the Internal regulations of the Commercial register:
Art. 90, para 2 (Amended - SG. 111 of 2007, in force from 01.