Vlog Post: Criminal Corporate Raiding in Bulgaria

The shameful practice of criminal corporate raiding has recently gained new ground.

Do you know…

  • what it entails?
  • in which countries this illegal practice prevails?
  • which institutions are usually involved?
  • any examples from Bulgaria?

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Criminal Corporate Raiding in Bulgaria

Criminal corporate raiding and legal nihilism are concepts coined to reflect Russian reality. Yet, the illegal takeover of private businesses and selective prosecution are common in some EU member states like Bulgaria, too. Of course, Bulgaria, which is currently presiding the Council of the EU, isn’t the average newcomer. In contrast to other former-communist countries in Eastern Europe which made their way to the EU, Bulgaria didn’t face a revolution. The Bulgarian communist regime fell under the pressure of its own weight – one wing of the omnipotent Communist Party trumped another. And this made all the difference.

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