The Slovenian Competition Authority declares null and void a decision of a bank association since it restricts competition on market for purchases payable by credit installments at the point of sale (Bank Association of Slovenia)

This case started in May 2005, when the Slovenian Competition Authority on the basis of its statutory duty started the proceedings on finding whether the decision of the Bank Association of Slovenia (“BAS”) on introduction of new joint banking product - BankKredit, represents restrictive agreement in the sense of Article 5 in connections with Article 3 of the Slovenian Prevention of the Restriction of Competition Act (“the Competition Act”). It has to be noted that Article 5 of the Competition Act mirrors Article 81 of the EC Treaty. The party The BAS is a business interest association whose main goals are fostering of activities of its members, enhancing of the results of banking activities and implementing of good business customs and business ethics. For this purposes the BAS pursues

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  • Fatur Law Firm (Ljubljana)

Quotation

Andrej Fatur, The Slovenian Competition Authority declares null and void a decision of a bank association since it restricts competition on market for purchases payable by credit installments at the point of sale (Bank Association of Slovenia), 15 November 2006, e-Competitions Bulletin November 2006, Art. N° 13975

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