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Preventive Restructuring Proceedings Of A Merchant

Author

Listed:
  • Meriyam Sapundzhieva

    (Sofia University "St. Kliment Ohridski")

Abstract

The present scientific research is dedicated to the analysis of the legal regulations of a relatively new legal institute in Bulgarian legislation - the preventive restructuring proceeding of a merchant, introduced with the amendments to the Commercial act, in force since 01.07.2017. The aim is to emphasize the role of this new framework as a procedure that could potentially limit the negative trends of an increasing number of insolvent merchants and as a legal institute that is accessible and in view of the achieved results is preferred by viable enterprises facing temporary financial difficulties, providing a possibility of a second chance for honest entrepreneurs.

Suggested Citation

  • Meriyam Sapundzhieva, 2021. "Preventive Restructuring Proceedings Of A Merchant," THE LAW AND THE BUSINESS IN THE CONTEMPORARY SOCIETY, University publishing house "Science and Economics", University of Economics - Varna, issue 1, pages 163-172, December.
    • Handle: RePEc:vra:lbcs20:y:2021:i:1:p:163-172
    DOI: 10.36997/LBCS2021.163
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    More about this item

    Keywords

    civil procedure; preventive restructuring proceedings of a merchant; legal consequences;
    All these keywords.

    JEL classification:

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

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