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Revolut Bank got a banking license in Bulgaria

Revolut Bank got a banking license in Bulgaria

The banking license of the well-known financial platform Revolut is already entered in the BNB register at number 271 At the end of 2018г. Revolut has obtained a banking license valid throughout the European Union from the Central Bank of Lithuania. According to the EU rules for credit institutions, after registration as a credit institution...

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Changes in VAT - reduced tax rates

Changes in VAT - reduced tax rates

From July 1, 2020, the changes in Art. 66, para. 2 of the VAT Act in connection with the reduced tax rates enter into force. The changes will apply until December 31, 2021, with the aim of easing the tax burden for traders in sectors most affected by the growing economic crisis, but also in other areas such as the sale of books, baby food and diape...

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Misleading invoice alert in the form of a fake EUIPO decision

Misleading invoice alert in the form of a fake EUIPO decision

Over the course of the past fortnight, users have reported the circulation of a misleading invoice alert in the form of a fake EUIPO decision. The invoice incorporates EUIPO’s logo, name, acronym and letterhead and demands for the transfer of a “registration fee” to a Polish bank account with a PL IBAN prefix. EUIPO has contacted the relevant bank...

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Important amendment to AML Act

Important amendment to AML Act

Significant amendments to the Bulgarian Anti-money Laundering Act have been recently promulgated. The changes broaden the specter of obliged persons that must follow the legal requirements for tackling money laundering and financing of terrorism. Among the new obliged persons are some providers of cryptocurrency-related services, in particular: ...

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This blog covers news and resources of emerging legal issues of Internet law such as e-commerce and trade with virtual property, copyrights and trademark infringement, unfair competition, privacy protection, software licenses and agreements. Please contact us with any ideas and topics you want to read here.

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