May 19 (SeeNews) - The Sofia Region Administrative Court said it has cancelled a 124,590 levs ($75,700/63,700 euro) fine imposed by the country's anti-trust body on local toy retailer Hippoland for a misleading advertising campaign regarding LEGO products.
Hippoland's advertising campaign has been unfoundedly characterized as misleading in the context of the legal definition, the court said in its ruling published on Tuesday.
The fine was equal to 0.2% of Hippoland's net sales revenue in 2017, the Commission for Protection of Competition (CPC) said in November, when it imposed the fine.
Last year, Hippoland majority owner - local businessman Marian Kolev, said that he has received threats that if he participates in the anti-government protests, his company will be bankrupted. Hippoland was subject to simultaneous checks from the National Revenue Agency, the economic crime department at the interior ministry, and the market surveillance general directorate a day after Kolev expressed his concerns with the way the authorities were treating protestors.
(1 euro = 1.95583 levs)