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Bulgaria - Preventive Restructuring Report : Technical Note (英语)

The objective of the report is to assist the Bulgarian authorities in the design of a preventive restructuring framework to identify and assist debtors in potential financial distress, in line with the recommendations, the European Union (EU) Directive 2019-1023 of the European Parliament and Council. This report will approach the implementation of the Directive by examining the relevant Articles of the Directive and considering in which ways the existing provisions of the Commercial Act (CA) may be deleted, amended, or supplemented to comply with the mandatory provisions of the Directive. Where it is considered appropriate also to consider adding an optional provision, the reasons for this will be explained.

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