Agency for Financial, IT and Intermediary Services from Sarajevo fined for abuse of dominance
By Igor Nikolić
The Competition Council of Bosnia and Herzegovina on 16 December 2013 fined the Agency for Financial, IT and Intermediary Services (AFIP) for abuse of dominant position on the relevant market of the provision of financial, IT and intermediary services in the territory of the Federation of Bosnia and Herzegovina.
The proceedings were initiated upon request of the company ‘LRC Inženjering’ from Sarajevo due to AFIP’s refusal to enter into a business co-operation agreement with LRC Inženjering, which, according to the company, excluded LRC Inženjering from the market and placed it at a competitive disadvantage.
The law on competition of Bosnia and Herzegovina is applicable to all natural and legal persons who, directly or indirectly, are active in the production and sale of goods or the provision of services, thus making it also applicable to companies that are entrusted with the exercise of certain powers of a public authority when they, directly or indirectly, participate in or affect the market. The Bosnian Competition Council has on several occasions conducted investigations against public authorities due to infringement of competition law by their regulatory activity…
Click on the link below to read the rest of the BDK briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from BDK Advokati/Attorneys at Law
Briefings from BDK Advokati/Attorneys at Law
The Privatisation Act, adopted in August 2014, introduced ‘strategic partnership’ as one of the methods of privatisation.
If enacted, this law will bring significant changes to the payment services sector as far as domestic transactions are concerned.