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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

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 in Central and Eastern Europe. With 13 offices located in Belgrade, Bratislava, Brussels, Budapest, Bucharest, Chisinau, Istanbul, Ljubljana, Prague, Sofia, Vienna, Warsaw and Zagreb, as well as country desks for Albania, Bosnia-Herzegovina, Macedonia, Montenegro and Ukraine, Schoenherr provides its clients with comprehensive coverage of the CEE/SEE region. More than 300 legal professionals work across borders in both a centralized and de-centralized manner, according to the individual client’s needs and requirements. Quality, flexibility, innovation and practice-oriented solutions for complex assignments in the field of business law are at the core of the Schoenherr philosophy.

Firm's website can be found, here.

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