Dr. Elina Karpacheva

Dr. Elina Karpacheva

Dr Elina Karpacheva is a lawyer with research and teaching experience.  She defended her PhD thesis at the University of National and World Economy, conducting the first systematic study of the legal regime for corporate governance of public companies in Bulgaria. In her research, Dr Karpacheva focuses on the impact of regulation on the independent and professional decision-making of corporate boards and the prevention of conflict of interests.

Elina is a Founder and a Chair of the European Compliance Center – an international network of compliance experts in the CEE region and the first NGO in Bulgaria dealing with a broad range of compliance topics. Elina also works with the Bulgarian Stock Exchange and the National Corporate Governance Committee on various projects concerning promotion of the OECD Corporate Governance Principles in Bulgaria.

Dr. Karpacheva has experience as well in the public sector. She worked at the European Commission in the Unit responsible for the sound financial management of the European Structural Funds and took a training in fraud prevention at OLAF. Before pursuing a legal career, she taught various business law-related subject at economic programmes at the UNWE and TU-Sofia. Elina is a graduate of Tilburg University (the Netherlands) where she conducted a LL.M. degree in International Business Law.

Areas of expertise: transnational regulation of economic activity, Comparative Corporate Law, financial services regulation, directors’ duties and liability, business judgement and entrepreneurial risk, Law and Economics, white-collar crime, regulatory compliance, risk management and due diligence.

Selected Publications

      1. Anti-money laundering regime in Bulgaria – lost between soft-law and hard sanctions – In: Business and Law Journal, Special edition: Impact of International and EU law on Bulgarian legal system, not co-authored, 2019 (forthcoming)
      2. Revised OECD Principles of Corporate Governance and their implications for Bulgarian Company law, Commercial Law Journal, Vol. 2, 2015, official journal publication, not co-authored
      3. Independent director according to the Public Offering of Securities Act – independence „de jure“, but not „de facto”? Journal Academic works of the Institute for Legal Studies, Bulgarian Academy of Sciences, 2014, official journal publication, not co-authored

      1. Independent and professional decision-making of corporate boards: the OECD Corporate Governance standards (forthcoming book, commercial publishing)
      2. Conceptual problems of the legal regime for good corporate governance in Bulgaria, collective monograph, UNWE’s fund for research, co-authored (forthcoming)

      1. A risk-based approach to preventing money laundering and terrorist financing, forthcoming 2019, UNWE Faculty of Law edition, not co-authored
      2. Contractual means for independent and professional governance of corporations, published, 2018, UNWE Faculty of Economics edition, not co-authored
      3. Soft law norms for independent and professional decision-making of public joint stock companies, published, 2018, UNWE Faculty of Law edition, not co-authored
      4. Conflict of interest transactions – a Corporate Governance view, published, 2017, UNWE Faculty of Law edition, not co-authored
      5. The soft-law phenomenon and its place in the legal regime for good corporate governance in Bulgaria, published, 2016, UNWE Faculty of Law edition, not co-authored
      6. Soft-law in Bulgarian corporate law – some theoretical remarks, published, 2016, UNWE Faculty of Law edition, not co-authored
      7. National Corporate Governance Code – Validity, Legitimacy and Effectiveness of the corporate governance standards, published, 2016, UNWE Faculty of Law edition, not co-authored

      1. Report on the use of electronic means at the Annual General meetings of Bulgarian listed companies (forthcoming)
      2. Comments on the Draft Revised OECD Principles of Corporate Governance, received by the OECD Corporate Governance Committee, published, 2015, answer to a public consultation on the 2014/2015 Review of the OECD Principles of Corporate Governance, co-authored, http://www.oecd.org/corporate/public-consultation-reviewoecd-principles-of-corporate-governance.htm.
      3. Effective institutions as a factor of development, „Youth Vision for Development of Bulgaria“ initiative, opinion to the Council for Legal Affairs and Internal Policy, President of the Republic of Bulgaria, 2016.

      Conceptual problems of the legal regime for good corporate governance in Bulgaria, fully-funded project by UNWE’s fund for research, НИД 1-10//2015, 2018

      Organised Conferences:

      “Tackling Transnational Economic Crime: New Trends, Challenges, and Opportunities” seminar for compliance professionals, European Compliance Center, November 2018