Tsvetan Krumov

Name Tsvetan Krumov

 

e-mail: tsvetan.krumov@some.oxon.org; t.krumov@schoenherr.eu

 

Education

 

2018 - Doctor in Law, Bulgarian Academy of Sciences, State and Law Institute

2012 – LLB, University of London (London, UK)

2008 - Magister Juris, University of Oxford (Oxford, UK)

2002 - Master in Law, Sofia University "St. Kliment Ohridski" (Sofia, Bulgaria)

 

Professional experience

 

Since December 2016 - Assistant Professor in Private International Law, Institute for Legal Studies, Bulgarian Academy of Sciences)

Since October 2003 - member of the Sofia Bar Association (2004-2007 Attorney-at-law with Landwell / PricewaterhouseCoopers Tax & Legal, Bulgaria; 2009 - now Attorney-at-law with Schoenherr Attorneys-at-law (http://www.schoenherr.eu/people/tsvetan-krumov/)

 

Specializations/research projects abroad

 

1.9.2004 - 30.6.2005 – one year research project under on investment securities (supervisor Prof . Fidelis Oditah), University of Oxford (Oxford, UK); Chevening/OSI scholarship

 

1.1.2006 – 31.3.2006 – three-month research project on bills of exchange, promissory notes and cheques, at the Graduate Institute of International and Development Studies, Geneva, Switzerland; Tokyo Foundation scholarship (Sasakawa),

List of publications

 

Articles in Legal Magazines / Chapters in Books

 

1. Law Governing the Transfer of Receivables Materialised in Negotiable Instruments; In: Current Problems of Civil Law, Legal Reports Compendium, in Honor of Prof. d-r Emil Georgiev, Edited by: Prof. E. Mateeva, Prof. I. Ruschev, Senior assistant professor V. Petrov, Sofia University Press, Sofia, 2018 ISBN: 978-954-07-4468-1

2. "Law applicable to the presentment, protest and other acts for exercise or preservation of rights under negotiable instruments", Academic works of the Institute for Legal Studies with the Bulgarian Academy of Sciences, vol. XV, 2017, pp. 363-415

3. "Place of payment as a criterion to determine the law applicable to the obligations of acceptors under bills of exchange and issuers of promissory notes", Papers of the National Conference of Doctoral Students in Law, No 1, 2017, pp. 279-287

4. "Novelties around securing Future Obligations under Financial Collateral and Special Pledge", Law of Commerce and Obligations Magazine, No 4, 2017, pp. 35-48

5. "Legal Aspects of Forfaiting in International Commerce", Law of Commerce and Obligations Magazine, No 2, 2017, pp. 24-31

6. "Law Applicable to the Form and Contents of Negotiable Instruments Transactions", Leal Theory Journal, No 1, 2017, pp. 49-80

7. "Broadening the Personal Scope of the Financial Collateral Arrangements Act", Law of Commerce and Obligations Magazine, No 11, 2016, pp. 37-50

8. "Practical Significance of Bills of Exchange and Promissory Notes in International Commerce", Academic works of the Institute for Legal Studies with the Bulgarian Academy of Sciences, vol. XIV, 2016, pp. 309-327

9. "Methods to Transfer Possession or Control over Financial Collateral, and Moment as of which the Financial Collateral is deemed Provided", Law of Commerce and Obligations Magazine, No 12, 2015, pp. 25-41

10. "The New Requirement for Act – a Technical Clarification or Radical Change with respect to the Financial Collateral Pledge?", Law of Commerce and Obligations Magazine, No 4, 2015, pp.14-27

11. "Scope of the Close-out Netting under the Bulgarian Financial Collateral Act", Law of Commerce and Obligations Magazine, No 1, 2015, pp.33-45

12. "Is it possible for Persons from Countries outside the EEA to be Parties to Financial Collateral Agreements?", Law of Commerce and Obligations Magazine, No 7, 2014, pp.22-31

13. "Lis Pendens and Related Actions", "Provisional Measures", Commentary of Brussels I Regulation, ed. Prof. N. Natov, 2009, Ciela, Sofia, pp. 317-375, ISBN 978-954-28-1117-6

14. "Provisional Measures", Commentary of Brussels I Regulation, ed. Prof. N. Natov, 2009, Ciela, Sofia, pp. 376-717, ISBN 978-954-28-1117-6

15. "Law Governing Consent, Material and Formal Validity of Contracts", Commentary of Rome I Regulation, ed. Prof. N. Natov, 2009, Ciela, Sofia, pp. 309-347

16. "Choice of Law Clauses in Connection with Bills of Exchange, Promissory Notes and Cheques", In: Party Autonomy in Private International Law, Sibi, Sofia, 2008, pp. 56-83, ISBN: 9789547304970

17. "Is there a Valid Promissory Note if the Issuer has written a "No Protest" Clause in it?", Commercial and Competition Law Magazine, 2008, No 2, pp. 21-31

18. "Deficiencies under the Commerce Act Giving Rise to Uncertainty as to the Possibility to Stipulate for an Interest in Promissory Notes and Bills of Exchange", Commercial and Competition Law Magazine, 2007, No 7, pp. 21-26

19. "Adverse Possession over Real Parts of Land Property", Property Law Magazine, 2003, No 12, pp. 30-34

20. "Practical Problems with Nationalizing Private Property for State or Municipal Needs", Property Law Magazine, 2003, No 5, pp. 10-14

21. "State Liability for Damages arising from the Application of Illegal Enactments", Contemporary Law Magazine, 2002, No.2, pp. 44-57

 

 

Articles published in "Capital Daily" (Bulgarian business daily newspaper)

 

1. "A Judgment of the ECJ Clarifying Important Aspects around Financial Collateral", 25.04.2017, Capital Daily, page 22 of the print edition / also available online at: https://www.capital.bg/biznes/vunshni_analizi/2017/04/24/2955612_reshenie_na_suda_na_es_iziasni_vajni_vuprosi_otnosno/

2. "Novelties around Documenting Financial Transactions in Bulgaria", 16.01.2017, Capital Daily, page 22 of the print edition / also available online at: http://www.capital.bg/biznes/konsult/2017/01/15/2897852_novosti_pri_dokumentiraneto_na_finansovi_sdelki_v/

3. "Security for Creditors under Syndicated Facilities in Bulgaria", 07.12.2015, Capital Daily, page 22 of the print edition / also available online at: http://www.capital.bg/biznes/vunshni_analizi/2015/12/06/2664242_obezpechavane_na_kreditorite_po_sindikirani/

4. "Obstacles for Banks to get Financing different from Deposits", 20.11.2015, Capital Daily, page 22 of the print edition / also available online at: http://www.capital.bg/biznes/vunshni_analizi/2015/10/19/2631924_kakvo_prechi_na_bankite_da_privlichat_finansirane/

5. "Significance of Close-out Netting in Derivatives Transactions" (co-author with Radoslav Sabotinov of UniCredit Bulbank AD), 15.06.2015, Capital Daily, page 22 of the print edition / also available online at: http://www.capital.bg/biznes/vunshni_analizi/2015/06/14/2553040_znachenie_na_prikljuchvashtoto_netirane_pri/

6. "New Statutory Amendment for the Corporate Commercial Bank Insolvency – in an Attempt to Recover Property of the Bank", 06 April 2015, Capital Daily, page 22 of the print edition / also available online at: http://www.capital.bg/biznes/vunshni_analizi/2015/04/05/2506607_nova_popravka_ktb_v_opit_za_vuzstanoviavane/

7. "Financing via Securitization of Future Receivables", 09 February 2015, Capital Daily, page 22 of the print edition / also available online at: http://www.capital.bg/biznes/vunshni_analizi/2015/02/08/2468177_finansirane_chrez_sekjuritizaciia_na_budeshti_vzemaniia/

8. "Set-off Operations after the Statutory Amendment for Corporate Commercial Bank, 08 December 2015, Capital Daily, page 22 of the print edition / also available online at: http://www.capital.bg/biznes/vunshni_analizi/2014/12/07/2433710_prihvashtaniiata_sled_popravkata_ktb/

9. "Statutory Uncertainty with Respect to FX Derivatives", 03 November 2014, Capital Daily, page 22 of the print edition / also available online at: http://www.capital.bg/biznes/finansi/2014/11/02/2411451_zakonova_nesigurnost_za_derivativite_vurhu_valuti/

10. "Is it possible for a Debtor of a Bank under a Special Supervision to Make a Set-off with Receivables against that Bank?", 08 September 2014, Capital Daily, page 22 of the print edition / also available online at: http://www.capital.bg/biznes/vunshni_analizi/2014/09/07/2375823_moje_li_dlujnik_na_banka_pod_specialen_nadzor_da_pravi/

11. "Would an Emergency Law for Corporate Commercial Bank be recognized in other EEA Member States?", 04 August 2014, Capital Daily, page 22 of the print edition / also available online at: http://www.capital.bg/biznes/vunshni_analizi/2014/08/03/2355209_shte_bude_li_priznat_izvunreden_zakon_za_ktb_v_drugi/

12. "Obstacles for Acquisition of Bulgarian Public Companies having Minority Shareholders from the USA", 08 May 2014, Capital Daily, page 22 of the print edition / also available online at: http://www.capital.bg/biznes/vunshni_analizi/2014/05/07/2294683_prechki_za_pridobivane_na_publichni_drujestva_v_koito/

13. "Current Amendments Affecting Pledges over Dematerialized Shares", 20 January 2014, Capital Daily, page 22 of the print edition /also available online at: http://www.capital.bg/biznes/vunshni_analizi/2014/01/19/2223110_aktualni_promeni_za_zalozite_vurhu_beznalichni_cenni/

14. "Statutory Amendment Posing Threat on Banking Pledges", 10 October 2013, Capital Daily, page 22 of the print edition / also available online at: http://www.capital.bg/biznes/vunshni_analizi/2013/10/09/2157623_zakonova_promiana_povishava_riska_bankovi_zalozi_da_se/

15. "Squeeze-out of Shares in Public Companies", 14 January 2013, Capital Daily, page 14 of the print edition / also available online at: http://www.capital.bg/biznes/vunshni_analizi/2013/01/13/1983343_prinuditelno_izkupuvane_na_akcii_v_publichno_drujestvo/

 

Articles in English

 

1. "Bulgaria: Boost to creditors’ rights on pledged receivables, 21 June 2018" (https://www.schoenherr.eu/publications/publication-detail/bulgaria-boost-to-creditors-rights-on-pledged-receivables/)

2. "Bulgaria: Range of Eligible Counterparties to Financial Collateral Arrangements Extended to Embrace Important Financial Market Players, 29 September 2015 (https://www.schoenherr.eu/publications/publication-detail/bulgaria-rangeof-eligible-counterparties-to-financial-collateral-arrangements-extended-to-embrace/)

3. "Bulgaria: Draft Law Implementing BRRD Needs to be Amended to Provide "Appropriate Protection" for Close-out Netting Arrangements", 27 July 2015 (https://www.schoenherr.eu/publications/publication-detail/bulgaria-draft-law-implementingbrrd-needs-to-be-amended-to-provide-appropriate-protection-for-cl/)

4. Bulgaria: Emergency Insolvency Law Passed in Attempt to Recover Assets of Country's Fourth-Largest Bank, 26 March 2015 (http://www.schoenherr.eu/uploads/tx_news/schoenherr_Bulgaria_Emergency_Insolvency_Law_Passed.pdf)

5. "Developments in Financial Documentation used in Bulgaria", Schoenherr Roadmap 2017 (http://roadmap2017.schoenherr.eu/developments-in-financial-documentation-used-in-bulgaria/)

6. "Holding Security Interests under Syndicate Lending in Bulgaria", Schoenherr Roadmap 2016 (http://roadmap2016.schoenherr.eu/holding-security-interests-under-syndicate-lending-in-bulgaria/)

7. "Set-Off and Netting Against a Bulgarian Bank Placed Under a Moratorium", Schoenherr Roadmap 2015 (http://roadmap2015.schoenherr.eu/set-netting-bulgarian-bank-placed-moratorium/)

8. Bulgaria: Transfer of Possession or Control as a Prerequisite to Establish Valid Financial Collateral, Schoenherr Roadmap 2014 (http://roadmap2014.schoenherr.eu/bulgaria-transfer-possession-control-prerequisite-establish-valid-financial-collateral/)

9. "The War of the Roses", Starring Shareholders in a Bulgarian Limited Liability Company", Schoenherr Roadmap 2012, see p.50 (http://roadmap2015.schoenherr.eu/pdf/schoenherr_roadmap_12.pdf)

10. "Bulgaria: What Information on Counterparty Creditworthiness is Available from Public Sources?", Schoenherr Roadmap 2012, see p.98 (http://roadmap2015.schoenherr.eu/pdf/schoenherr_roadmap_12.pdf)

11. "Uncapped Penalty Clauses in Commercial Contracts – Upheld by the Bulgarian Supreme Court", Schoenherr Roadmap 2011, see p.43 (http://roadmap2015.schoenherr.eu/pdf/schoenherr_roadmap_11.pdf)

12. More Stringent Regulation of Financial Institutions in Bulgaria, Schoenherr Roadmap 2010, see p.19 (http://roadmap2015.schoenherr.eu/pdf/schoenherr_roadmap_10.pdf)

13. "Share Capital Developments in Bulgaria", Schoenherr Roadmap 2010, see p.38 (http://roadmap2015.schoenherr.eu/pdf/schoenherr_roadmap_10.pdf)

14. "Corporate Governance in Bulgaria", 2005, published on the IFLR web site at: http://www.iflr.com/Article.aspx?ArticleID=1984731

15. "Corporate Governance in Macedonia", 2006, published on the IFLR web site at: http://www.iflr.com/Article.aspx?ArticleID=1984442

16. The International Comparative Legal Guide to: Mergers and Acquisitions, The International Comparative Legal Guide to: Mergers and Acquisitions 2015. Chapter 14: Bulgaria (http://www.schoenherr.eu/knowledge/knowledge-detail/the-international-comparative-legal-guide-to-mergers-andacquisitions-2015-chapter-14-bulgaria/)

17. The International Comparative Legal Guide to: Mergers & Acquisitions 2013. Chapter 10: Bulgaria (http://www.schoenherr.eu/knowledge/knowledge-detail/the-international-comparative-legal-guide-to-mergersacquisitions-2013-chapter-10-bulgaria/)