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DANISH COMPANY RECEIVES MERGER CLEARANCE
24 09 2018

The Lithuanian competition authority Konkurencijos taryba cleared the acquisition of 50 per cent of UAB Farmers Circle Danish shares and joint control by the Danish investment company ASGAARD together with the Danish company IDAVANG .

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LATVIAN INVESTMENT FUND RECEIVED MERGER CLEARANCE
13 09 2018

The Lithuanian competition authority Konkurencijos taryba cleared the acquisition of joint control of Freor LT by the Latvian investment fund EuVECA Livonia Partners Fund I together with Rytis Bernatonis.  

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INTERNATIONAL INSURANCE GROUP RECEIVED MERGER CLEARANCE
10 08 2018

The Lithuanian competition authority Konkurencijos taryba cleared the acquisition of 100 per cent and sole control of the Estonian insurance company Seesam Insurance by the Austrian company VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe (VIG).

COMPETITION COUNCIL CLOSES INVESTIGATION INTO SWEDBANK  ACTIONS
13 06 2018

The Lithuanian Competition Council closed the investigation into the compliance of Swedbank actions with the requirements of the Law on Competition upon Swedbank submitting written commitments suitable for the elimination of the alleged competition law breach and creating preconditions to avoid it in the future.

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VILNIUS REGIONAL ADMINISTRATIVE COURT UPHOLDS ALMOST EUR 1 MILLION FINE IMPOSED ON KAUNO GRŪDAI
13 06 2018

Vilnius Regional Administrative Court has rejected the appeal by AB Kauno grūdai against the Competition Council’s decision of 9 June 2017, whereby the company was fined EUR 947,700 for acquiring about 51 per cent of Vievio paukštynas shares and gaining control over the company, and thus implementing an unnotified merger.

SUPREME ADMINISTRATIVE COURT UPHOLDS COUNCIL’S DECISION: CINEMA CARTELS RESULTED IN FEWER DISCOUNTS FOR CONSUMERS
05 06 2018

The Supreme Administrative Court of Lithuania rejected the appeal by UAB Forum Cinemas against the Competition Council’s decision whereby the company was fined EUR 1,384,300 for fixing prices of cinema tickets as part of two separate cartel agreements.

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VILNIUS REGIONAL ADMINISTRATIVE COURT: JOINT BIDDING BY CONSTRUCTION COMPANIES RESTRICTED COMPETITION
15 05 2018

Vilnius Regional Administrative Court (the Court) upheld Competition Council‘s decision according to which two Lithuanian construction companies Panevėžio statybos trestas (PST) and Irdaiva  were fined for anti-competitive agreement.

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COURT CONFIRMS THAT GUEST HOUSES CANNOT BE ADVERTISED AS APARTMENTS
11 05 2018

Vilnius Regional Administrative Court (Court) has rejected the complaint by Kauno būstai and upheld the Competition Council‘s EUR 6,300 fine for the dissemination of misleading advertising.

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THREE PERSONS RESTRICTED OF THE RIGHT TO OCCUPY MANAGERIAL POSITIONS
07 05 2018

The Competition Council informed the Centre of Registers, which is responsible for administering the Register of Legal Entities, that Vilnius Regional Administrative Court restricted the right of Vitalijus Mukovozas, Manager of Baltic Transport Service , Andrejus Falevičius, Manager of Convertus and Gediminas Ivanauskas, Manager of Gedarta...

NOTARY FEES SET BY LITHUANIAN CHAMBER OF NOTARIES RESTRICTED COMPETITION
27 04 2018

The Competition Council found that the Lithuanian Chamber of Notaries and members of its Presidium concluded an anti-competitive agreement by setting the amount of notary fees and agreeing upon their calculation procedure. The Council imposed EUR 88,400 fine on the Lithuanian Chamber of Notaries, and fines ranging from EUR 100 to EUR 20,800 on eight members of the Presidium for the infringements of the Law on Competition and the Treaty of the Functioning of the European Union.

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COMPETITION COUNCIL: RIMI FAILED TO IMPLEMENT MERGER REMEDIES
18 04 2018

The Competition Council reported that UAB Rimi Lietuva (RIMI) failed to implement merger remedies  which the authority approved as a condition when clearing the acquisition by RIMI of 100 per cent shareholding and sole control of UAB Palink ( PALINK ).

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INSURANCE COMPANY IMPLEMENTED MERGER REMEDIES PROPERLY
13 04 2018

The Competition Council concluded that Vienna Insurance Group (VIG) properly implemented the remedies concerned with the divestiture of business related to international carriers‘ compulsory motor vehicle third party liability (MTPL) insurance in Lithuania.

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