Koleva Fanny, Intellectual property crediting: a case study of Bulgarian experience

Intangibles are very important for corporate activity and overall development today. Therefore, it is crucial for their owners to be able to fund themselves based on their intellectual property. The last can function as credit collateral in different ways – on its own and/or based on its revenue, using the instruments of assignments or pledges, singularly or together with other assets. This instrument is also known in Bulgaria, the legislation of which explicitly recognises the non-possessory pledge of intellectual property since 2003 and regulates its filing, the requirements for it, its effect and date from which it can be opposed to third parties. Practice is also at hand and the issues subject to attention are its intensity, the variants of its realisation – once or more times for specific objects, singularly or together with other assets, the term and parties in the relations and the most active branches in these type of deals. Therefore, the value of intellectual property as...