This article aims to outline the order and nature of the conditions for suspending the registration/deletion procedure of the circumstances related to the companies’ activities.
1. The registration procedure (in general). The procedure for entering acts in the commercial register is regulated in Chapter Two, Art. 13 et seq. of the Commercial Register and Non-Profit Legal Entities Act (ZTRRYULNC), which is a type of protective proceeding similar to that under Art. 530 of the Civil Procedure Code (CPC).
The main participant in this proceeding is the entity requesting registration and the procedure is aimed at protecting interests, with a view to achieving the effect of registration, deletion and announcement, i.e. the legal consequences that are beneficial to the applicant, but the registration itself cannot be intended to damage the legal sphere of third parties.

In Bulgarian law, in the event of arbitration decision which provides for a definition of relations between two or more parties with respect to a contract, there is a possibility of a formal review of the decision, which is expressed by an appeal to the Supreme Court of Cassation for annulment of the arbitration decision.

This possibility of cancellation is regulated in Art. 47 of the International Commercial Arbitration Act. The term in which the request can be submitted is three months from the day on which the party received the arbitration decision. Arbitral tribunals usually send their decisions to the parties by post, courier or in person.
The deadline for submitting the request for revocation starts from the date of receipt of the arbitration decision.