Commercial law is probably the most dynamic and vital branch of law, due to the fact that it regulates the public relationships, which are linked to the creative side of human activity – production and trade.

We are currently witnessing the astonishing speediness at which science, technology, production and exchange are developing. Markets are constantly changing their parameters – from local and regional to transcontinental and global. Along with them contractual relations, disputes, the structure and functioning of companies, payments and forms of financing are also changing.

More and more often, commercial matters turn out to be interdisciplinary and borderline. It becomes necessary to comply with principles and rules arising from various legal branches which until recently were considered irrelevant – namely constitutional law and human rights, ownership and succession, state aid and public procurement, protection of information and personal data etc.

Europeanization of civil and commercial law, as a consequence of the development of the EU Law in the areas where the Member-States have conferred their competences to the Union’s bodies is also a great challenge.

On the other hand, there is an information glut (a complex and changing legislation, case law generated daily, numerous national and international publications), but yet not sufficient and reliable systematization of information in the legal field.

In this dynamic process, legal science seems to be obliged to the lawmaking, judiciary and business. There is insufficient amount of innovative, bold, and in-depth research which to generate ideas and modern legal solutions, to correctly transpose the fundamental principles of the law into the modern world, and to serve as an intellectual resource for the authorities, institutions and individuals empowered with legislative, judicial or human rights protection competencies.

The society of young lawyers and scientists is slowly developing, and there is a need for continuing training for both lawyers and entrepreneurs. The doctrine still does not fully fulfill its function to transmit the European legal theory achievements in Bulgaria.

The development of science, including the commercial law science, implies a commitment that is not always profitable and therefore needs special encouragement. This is the natural place of non-profit organizations and civil society as a whole.

Commercial law development foundation joins the family of NGOs by setting the ideal goals to work for:

• Development of the commercial law science,
• Better understanding and deeper knowledge of the European Union law and European legal theory
• Exchange of ideas and good practices between professionals in the field of Commercial Law
• Improvement of the legal education
• Enhancing the competence and development of the scientific potential of young law professionals
• Development and promotion of the values of the state, based on the rule of law – respect for human rights and the supremacy of law
• Encouraging of the dialogue between the civil society and the institutions, as well as better governance

COMMERCIAL LAW DEVELOPMENT FOUNDATION is established in 2017 as a non-profit legal entity, performing activity in the public interest in compliance with the legislation of the Republic of Bulgaria.

The Foundation is established for an unlimited term, having its seat in the city of Sofia.

COMMERCIAL LAW DEVELOPMENT FOUNDATION is managed by a Board of trustees and a Director.

The Foundation is represented by its Director – Maya Madanska