Покупко-продажбата на издадени от чуждестранно лице ценни книжа, извършена при условията на публично предлагане в Република България
The Sale and Purchase of Securities, Issued by a Foreign Person, Concluded under the Terms of a Public Offering in the Republic of Bulgaria

Summary/Abstract: The article has the task to formulate conclusions regarding the private international law regime of transactions for the purchase and sale of securities issued by a foreign person, when such transactions are concluded as a result of a public offering of the securities in the country. For this purpose special attention is paid to the direct legal regulation of public offering of “foreign” securities in the country, introduced with the Law on Public Offering of Securities (published in the State Gazette, number 114 of 30.12.1999, in force since 1.02.2000), as well as to the special requirements of the Foreign Currency Law (published in the State Gazette, number 83 of 21.09.1999, in force since 1.01.2000) for the carrying out of transactions in such securities. The analysis of the legal provisions is made from the point of view of the regulation and functioning of the securities market, on the one hand, and from the point of view of private international law, on the other hand. In the same time an attempt is made to clarify the conflict-of-laws-problems of the social relations in respect of the purchase and sale of securities, issued by a foreign person, under the terms of public offering in the country. The conflict-of-laws-solutions are considered in their co-relation with the substantive law regulation in force. The chosen approach is driven by the desire to achieve full-fledged clarification of the applicable legal regime.

• Details
• Contents