Archive for June, 2001

Block Exemption of Prohibited Vertical Agreements

Friday, June 1st, 2001

A block exemption of certain categories of prohibited vertical agreements and concerted practices under the Protection of the Competition Act entered into force on June 1, 2001. The block exemption follows closely the exemption granted by Commission Regulation (EC) No. 2790/1999 on the application of Article 81(3) of the Treaty of Rome to categories of vertical agreements and concerted practices. The block exemption clears, subject to certain preconditions, agreements related to the terms of purchase, sale or resale of goods or services. A “black list” of agreements and clauses therein which are not exempted or are exempted only partly is provided. For more details, please request a newsletter from the Publications Section.

Electronic Signature and Document Act

Friday, June 1st, 2001

On October 7, 2001 the Electronic Document and Electronic Signature Act will enter into force. It will establish the basic legal framework for the use of electronic documents and signatures and the provision of certification services in Bulgaria. There shall be three types of electronic signatures – general, advanced and universal. The general and the advanced signatures shall have the effect of handwritten signatures in relations between private persons. Only the universal electronic signature shall be used by public authorities. For more details, please request a newsletter from the Publications Section.