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Parliamentary Committee on Legal Affairs overturns presidential veto on law relating to CorpBank bankruptcy

Parliamentary Committee on Legal Affairs overturns presidential veto on law relating to CorpBank bankruptcy

28 February 2018 | 16:36 | FOCUS News Agency
Sofia. The Parliamentary Committee on Legal Affairs overturned the veto of President Rumen Radev on the Bank Insolvency Act, FOCUS News Agency reports. 13 Members of Parliament voted for the rejection of the veto and 7 MPs voted against it. Thus, the Bank Insolvency Act was re-endorsed by the Legal Committee.
On 21 February, President Rumen Radev vetoed and returned to Parliament 3 paragraphs of the Transitional and Final Provisions of the Act to amend the Bank Insolvency Act adopted by Parliament on 9 February. According to the head of state, Bulgarian society needed to know the specific consequences of those amendments.
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President vetoes amendments to bankruptcy law

President vetoes amendments to bankruptcy law

21 February 2018 | 15:53 | FOCUS News Agency
Sofia. President Rumen Radev returned to the Parliament some of the latest amendments to the law on bankruptcy, his press office said. According to the president, in violation of the rule of law, these amendments retroactively rearrange legal consequences, acquired rights and repaid liabilities. The amendments retroactively affect past proceedings for Corporate Commercial Bank (CorpBank). “The President supports the efforts by the National Assembly for more effectiveness in the protection of the public interest in bankruptcy proceedings, but it must be achieved by constitutional means,” according to the presidential statement.
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PICTURE OF THE DAY
Fifth day of protests in Skopje against name deal. June 18, 2018;
Fifth day of protests in Skopje against name deal. June 18, 2018;

VIDEO OF THE DAY
Rescue unit of Sofia Municipality came to help a squirrel at risk;
Rescue unit of Sofia Municipality came to help a squirrel at risk;
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