Bulgarian National Radio © 2021 All Rights Reserved

Bulgaria’s Constitutional Court annuls amendments to Obligations and Contracts Act

Photo: archive

Bulgaria’s Constitutional Court has annulled the amendment to the Obligations and Contracts Act (article 112), by which the previous National Assembly enforced a ten-year limitation period for obligations of natural persons. 10 magistrates voted in favor and 2 voted against. 

The amendment had to come into force on June 2, 2021 and apply to existing cases. This county’s Supreme Judicial Council challenged the decision of the Parliament. According to the Supreme Judicial Council, "the new limitation period contradicts the inviolability of private property guaranteed by the constitution, as well as the rule of law", wrote egalworld.bg referring to the decision of the Constitutional Court.


More from category

Minister of Economy Kiril Petkov

One of the companies, top borrowers from the Bulgarian Development Bank to repay 40 million Leva early

“One of the 8 companies which are the biggest borrowers from the Bulgarian Development Bank, with a loan amounting to a total of 1 billion Leva, is going to repay 40 million Leva of its debt early,” said Minister of Economy in the caretaker..

published on 6/22/21 6:48 PM

Municipalities paid 5 million Leva for disinfectants for election premises in April

Municipalities have paid 5 million Leva for disinfectants for the election premises at the parliamentary elections held in April this year. This was made clear at a meeting of the National Association of Municipalities with interim PM Stefan Yanev...

published on 6/22/21 6:17 PM
Ilinden-Exochi border check point

Protest over entry restrictions at Ilinden-Exochi border check point with Greece

Company owners and members of the public are organizing a protest in Gotse Delchev today to protest against the restrictions set down by the Greek authorities to passage across the Ilinden-Exochi border check point. At the moment heavy-duty..

published on 6/23/21 6:10 AM