The Bulgarian Competition Authority applies for the first time Art. 81.1 EC and sanctions 14 insurance companies for fixing minimum levels (Association of the Bulgarian insurance companies)

On 15 July 2008, the Bulgarian Commission for Protection of Competition (the “CPC”) sanctioned 14 insurance companies for fixing minimum levels of the premium for the compulsory Civil Liability insurance for car drivers (“Civil Liability insurance”) and of the commission paid to insurance brokers and agents to market Civil Liability insurance. The CPC held that the cartel also had an effect on trade between Member States and established an infringement of both Article 81(1) of the EC Treaty and its national equivalent [1]. The authority extensively considered whether the price-fixing arrangements could qualify for a block or individual exemption under Community or Bulgarian competition law but ruled that possibility out, mainly because of their hard-core nature. This is the first case

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Dessislava Fessenko, The Bulgarian Competition Authority applies for the first time Art. 81.1 EC and sanctions 14 insurance companies for fixing minimum levels (Association of the Bulgarian insurance companies), 15 July 2008, e-Competitions Effect on interstate trade, Art. N° 20495

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