On 6 November 2012 the Competition Authority of Bosnia & Herzegovina (KV)  found that four Western Union agents have abused their collective dominant position on the market for fast money transfer services by including the exclusivity clauses in their cooperation agreements with the banks and postal services companies . The KV established that starting from 1998 Western Union concluded a series of agency agreements with UniCredit bank d.d., Raiffeisen Bank d.d., Turkish Ziraat Bank Bosnia d.d. and Tenfore d.o.o. concerning the representation of its services in B&H. These agency agreements contained exclusivity and no-competition clauses applied during the term of the agreement and one year after its expiration/termination. Under the terms of the agency agreements the
The Bosnia & Herzegovina Court upholds the infringment decision of the Competition Authority concerning abuse of dominant positions on the market for fast money transfer services (Raiffeisen Bank)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.