The Bulgarian Competition Authority introduces simplified and more extensive merger filing process in its merger guidelines

Introduction On 1 January 2020 the Commission for the Protection of Competition (CPC) introduced new merger filing guidelines. The former guidelines – which applied for over 10 years – did not differentiate between transactions (eg, simple and complex), despite potential competition concerns. This uniform approach was unnecessarily bureaucratic when applied to concentrations with an insignificant market effect (ie, insignificant combined shares of the parties), which required detailed merger filings only if the parties' turnover reached the statutory thresholds. As the former guidelines were not extensive enough for more complicated transactions (with substantial market shares of the parties), it was not unusual for the CPC to send parties several requests for additional information

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  • Druzhestvo Stoyanov & Tsekova in cooperation with Schoenherr (Sofia)

Quotation

Galina Petkova, The Bulgarian Competition Authority introduces simplified and more extensive merger filing process in its merger guidelines, 1 January 2020, e-Competitions Bulletin February 2020, Art. N° 93121

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