Financing touches almost every business and most property purchases. We help companies raise and secure finance, help individuals and businesses push back against unfair banking terms, and advise on the regulatory side of payment and lending activities.
Financing and security
We review and negotiate loan agreements and financing structures, and we create and register the security that comes with them. Registration matters: an unregistered mortgage or pledge generally cannot be enforced against third parties.
Challenging unfair terms
Bulgarian courts, applying the Consumer Credit Act, the Consumer Protection Act and EU directives, have repeatedly struck down terms that create a significant imbalance against borrowers — unilateral interest changes, hidden fees, early repayment charges and penalty clauses. Such terms can be attacked in a claim of your own or used as a defence when the lender sues or enforces. The same approach applies with even more force to quick loans and consumer credit.
Our work includes
- Loan and facility agreements and financing structures
- Creation and registration of mortgages and pledges
- Challenges to unfair terms in banking and credit contracts
- Debt restructuring and credit-risk management
- Regulatory advice involving the Bulgarian National Bank and the Financial Supervision Commission
- Enforcement against secured assets, and defence against it
- Payment services and electronic money
Questions clients ask
Can I challenge a clause in my bank loan agreement years after signing?
Often, yes. A term that is void because it is unfair does not become valid with time, and the nullity can be raised at any point — including as a defence in enforcement proceedings. Claims to recover money already paid under such a term are, however, subject to limitation, so it is worth acting early.
The bank has started enforcement against my mortgaged home. What can I do?
Check the enforcement title first: if it rests on an order for payment based on bank statements, there may be grounds to challenge the amount or the acceleration of the loan. Deadlines in enforcement proceedings are short, so seek advice as soon as you receive the invitation for voluntary payment.
