On December 4, 2008 at the 5th Anniversary of the SEE Legal Group held at Dorchester Hotel in London, our managing partner Borislav Boyanov, who is honorary chair of the group, was awarded “for his vision and significant contribution to the wide recognition of the group.”
Archive for December, 2008
This brief note is addressed to lawyers and lists the main developments occasioned by the adoption of an entirely new Protection of Competition Act in Bulgaria.
10% of Annual Turnover is the Price to Pay for Entering into Prohibited Agreements and Abusing DominanceMonday, December 1st, 2008
Many managers in Bulgaria still wonder: ”What is wrong with discussing the price of your product or the cost of your raw materials with your competitors?”. The new Bulgarian Protection of Competition Act provides a clear and stark answer – it could cost your company 10% of its annual turnover.
The new Protection of Competition Act levies penalties equal to 10% of the annual turnover for companies who have missed notifying the relevant authorities about a merger or an acquisition.
New Sanctions Put Unfair Competition and Misleading and Comparative Advertising at the Top of Corporate Compliance ListMonday, December 1st, 2008
How much does a marketing campaign cost? That may have been an easy question until recently, but with the new Protection of Competition Act, the answer may be that it will cost 10% of the company’s annual turnover.