On December 12, 2024, the Bulgarian Commission on Protection of Competition (CPC) announced the adoption of comprehensive guidelines for merger control during a closed session. These guidelines aim to enhance transparency, predictability, and legal certainty for businesses involved in transactions that may affect market competition in Bulgaria.
The newly adopted guidelines outline the procedural framework, notification obligations, and evaluation criteria for mergers and acquisitions under the Bulgarian Law on Protection of Competition. They provide clarity on key aspects, including pre-notification consultations, submission of required documents, and assessment of competitive effects on the market.
This development is expected to improve cooperation between businesses and the CPC, ensuring compliance with legal requirements and facilitating efficient transaction approvals.
For businesses navigating similar matters or requiring assistance with merger notifications and compliance, Ilieva, Voutcheva & Co. Law Firm offers expert legal advice and representation. With extensive experience in competition law, our team is here to guide you through every step of the process.
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