ARTICLE · 26 JANUARY 2018

The Pre-Merger Notification Manual

Djingov, Gouginski, Kyutchukov & Velichkov

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The LPC treats as a concentration the creation of a joint venture performing on a lasting basis all the functions of an autonomous economic entity.

BulgariaCorporate/Commercial Law

Nikolai Gouginski

UPDATED FOR 2016 EDITION

Merger Notification Requirements

1. Is there a mandatory merger notification regime?

Under the Law on the Protection of Competition (the "LPC") (effective as of 2 December 2008) concentrations are subject to mandatory prior notification and approval by the Commission for Protection of Competition (the "Commission") provided that the jurisdictional threshold (see answer to question 4 below) has been met.

2. Is there a voluntary merger notification mechanism, and if so, what advantages does it offer?

Filing is mandatory. There are neither exemptions from filing nor simplified notifications or fast-track proceedings.

Covered Transactions

3. If there is a mandatory notification system, what types of transactions are caught?

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