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Dimitrov, Petrov & Co. Helps Vaha Trade Obtain First MIFID II License in Bulgaria

Dimitrov, Petrov & Co. Helps Vaha Trade Obtain First MIFID II License in Bulgaria

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Dimitrov, Petrov & Co has helped Vaha Trade EOOD obtain the first MIFID II license issued in Bulgaria.

According to DPC, "By its decision of December 6, 2018, the Financial Supervision Commission issued a license to Vaha Trade EOOD for operating as an investment intermediary by providing investment services and activities pursuant to the European regulations implemented in the Markets in Financial Instruments Act. The sole owner of the capital of Vaha Trade is Info Yatirim Menkul Dealyas – а renowned investment intermediary licensed by the Turkish regulator Capital Markets Board of Turkey. "

According to the firm, "the licensing procedure took ten months and not only paved the way for our client to enter the financial services market but created a quality standard that could be applied in the future licensing procedures of investment firms by the Financial Supervision Commission."

The Dimitrov, Petrov & Co. team included Partners Alexander Todorov and Boyana Milcheva, Senior Associate Dimitar Karabelov, and Associate Polya Donkova.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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