Parliament abolishes practice of transferring a company to a tramp – Focus News

Sofia. Dishonest employers will no longer be able to transfer their business to a third person who is unable to develop it. The proposed amendment to the Labour Code was unanimously supported by 111 votes, FOCUS News Agency reports. The adopted text introduces a new condition for insolvency proceedings. If a company fails to pay wages to more than 1/3 of its employees, it can be declared insolvent.
During the debates MP Krum Zarkov from the Bulgarian Socialist Party (BSP) said the new text had accomplished several things. It will no longer be possible, or at least not so easy, for a dishonest employ…

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