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Editorial

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Bulgaria_Commission adopts corporate compliance programme guidelines

April 2013 - EU & Competition. Legal Developments by Schönherr.

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At the end of 2012 the Competition Protection Commission adopted guidelines regarding corporate compliance programmes. In general, the guidelines highlight the advantages of these programmes. Through the guidelines, the commission aims to encourage businesses to develop and implement compliance programmes in order to reduce or avoid the risks of non-compliance with competition law.

Commission imposes highest-ever penalty for prohibited agreements

April 2013 - EU & Competition. Legal Developments by Schönherr.

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In November 2012 the Competition Protection Commission imposed the highest penalty in its history for prohibited agreements between the distributor of Hyundai in Bulgaria, Industrial Commerce OOD, and authorised Hyundai/Industrial Commerce dealers pursuant to Article 15 of the Competition Protection Act and Article 101 of the Treaty on the Functioning of the European Union. 

Competition Legislation Imposes New Restrictions on Business

On 14 June 2012, the Ministry of Economy, Energy and Tourism published on its Internet site draft amendments to the Protection of Competition Act and respective reasons.

BULGARIA: WIDE OPEN TO NON-EU INVESTMENT

December 2011 - EU & Competition. Legal Developments by Georgiev, Todorov & Co.

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Bulgaria’s legal framework and government policy is structured to actively attract foreign investment capital through a wide variety of incentives. The country is a member of the EU although not of the Eurozone.

New EU Regulation on ‘food labelling’ adopted by The Council of the European Union

On 29th September 2011, following a second-reading agreement with the European Parliament, The Council of the European Union approved a compromise text aimed at ensuring that food labels carry essential information in a clear and legible way. 

BULGARIAN COMPETITION AUTHORITY’S RECENT APPROACH TO VOLUME REBATE SCHEMES

August 2011 - EU & Competition. Legal Developments by Georgiev, Todorov & Co.

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Until recently there have been debates amongst legal professionals in Bulgaria whether a player on the market is allowed to provide volume rebates in the form of extra quantities of goods or services different from the ones being sold throughout the particular transaction.

Merger Control 2011

Merger Control, Chapter about Bulgaria with the Getting the Deal Through - Merger Control series, 2011 ed.

Necessary amendments in the Commercial Register legislation in line with the best European practices

September 2010 - EU & Competition. Legal Developments by Penkov, Markov & Partners.

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Before the new Commercial Register with the Registry Agency was established, entrepreneurs, the ones who generate the real income for the budget, used to complain that the procedures were sluggish, that criteria were not equal for everybody, that predictability, accountability and analyses were lacking, that there was no uniform information system and that the registration procedures of the courts were non-transparent.

Merger Control 2010

What is the relevant legislation and who enforces it? The statutory act setting out the legal framework for merger control is the Law on the Protection of Competition (LPC) (promulgated on 28 November 2008 and effective as of 2 December 2008). The LPC aims to harmonise the domestic regulatory framework with Council Regulation No. 1/2003 and Council Regulation No. 139/2004. It introduces a number of changes compared to the regulatory regime under the abolished Law on Protection of Competition (LPC 1998). In the field of merger control the LPC introduces a new merger control threshold. It sets out in more detail the procedure for review and assessment of concentrations and provides a clear time frame for completion of merger control investigations.

Mergers and Acquisitions 2010/11

Please give a brief overview of the public M&A market in your jurisdiction. (Has it been active? What were the big deals over the past year? Please distinguish between trade buyers and private equity backed deals.)

Rules on proposals revision:

Rules on proposals revision of commitments undertaken by enterprises accepted by the Commission for Protection of Competition (“CPC”)

A Perilous Undertaking: Competition on Equal Footing with Prohibited Agreements and Abuse of Dominan

September 2009 - EU & Competition. Legal Developments by Penkov, Markov & Partners.

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The new Competition Protection Act was enforced on 1 December 2008, more than one year after the public announcement of the draft act and its introduction by the Commission for Protection of Competition (CPC; the Commission) to the Council of Ministers. It was surprising that the chapter which regulates the different events of unfair competition was reinstated in the final text, tabled by the Council of Ministers and adopted by the National Assembly.

BULGARIA NEW LAW ON PROTECTION OF COMPETITION

On 14 November 2008 Bulgarian Parliament adopted new Law on the Protection of Competition (“LPC”), which was promulgated on 28 November 2008 and entered into effect on 2 December 2008. The LPC aims to harmonize the domestic regulatory framework with Council Regulation No. 1/2003 and Council Regulation No. 139/2004. It introduces a number of changes as compared to the regulatory regime under the abolished Law on Protection of Competition (“LPC 1998”). In the field of investigations of prohibited agreements and abusive unilateral conduct, the LPC abolishes the procedure for grant of individual exemptions of prohibited agreements and aligns the de minimis exemption thresholds with those under Council Regulation 1/2003.

Are the anticipated new regulations of the unfair competition European?

December 2008 - EU & Competition. Legal Developments by Penkov, Markov & Partners.

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In the autumn of 2007, the Commission for Protection of Competition (CPC) publicly announced a bill for an entirely new Competition Protection Act, prepared in cooperation with the Italian Competition Authority. Along with the many amendments, the proposed bill excluded of its scope the regulation of the unfair competition with the motive that the unfair competition matter is governed by the Consumer Protection Act and that the protection against unfair competition is not a typical aspect handled by the competition authorities of the EU Member States.