Historical review of the development and competition law system in Bulgaria until 1944

Authors:

Pages: 30-42

Abstract:

The primary focus of this article is to review the historical development of the competition and competition law in Bulgaria between 1925 – 1944. During that period competition law has grown in response to the economic changes in Europe and in the United States. In Bulgaria rules concerning the competition have been applied to economic activities that were regarded as cartels, monopolies, anticompetitive behavior of firms (undertakings). Several laws against the unfair competition were adopted. The most important cartel provisions were accepted from German anticompetitive law and Austrian competition rules. Bulgaria implemented French doctrine about antitrust damages actions for breaches of competition law and the civil damages litigation. This article seeks to analyse the new Bulgarian competition framework and will look also at its approximation with US law. According to Sherman Antitrust Act from 1890 the Cartel court and the public administrative body - Commission of cartels were established. The Commission has regulated registration of cartels, prices and has had the legal power to change some of the terms of the cartel agreement. For the proposed historical period of time, the competition legislation aimed to improve the legal and institutional (administrative) framework of competition in Bulgaria and permitted the implementation of the competition policy in the economic growth of the country.

Keywords:

competition, cartel, agreement elements of the cartel, trust, court appeal, undertakings.

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