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Trader Stabilization Proceedings - Prerequisites And Practical Aspects In Its Application

Author

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  • Milena Tsvetkovska

    (University of Economics - Varna)

Abstract

The subject of this paper is a study of the proceedings for stabilization of the trader, which is introduced by Part Five of the Commerce Act in 2017. It ivestigates the proceedings from the perspective of some practical problems, which may arise during its application. Conclusions are drawn about the difficulties that traders may encounter in connection with the opening procedure and its effective execution. Suggestions for clarification amendments are made to align the Bulgarian legislation with the tendencies and anti-crisis measures of the European Commission (EC) regarding constitution of the financially distressed businesses.

Suggested Citation

  • Milena Tsvetkovska, 2021. "Trader Stabilization Proceedings - Prerequisites And Practical Aspects In Its Application," THE LAW AND THE BUSINESS IN THE CONTEMPORARY SOCIETY, University publishing house "Science and Economics", University of Economics - Varna, issue 1, pages 153-162, December.
    • Handle: RePEc:vra:lbcs20:y:2021:i:1:p:153-162
    DOI: 10.36997/LBCS2021.153
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    More about this item

    Keywords

    insolvency; traders; prerequisites; proceedings; stabilization;
    All these keywords.

    JEL classification:

    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)

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