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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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FIRST COMMON EASTERN EUROPEAN COMPETITION WORKSHOP BY U.S. FTC AND LITHUANIAN COMPETITION AUTHORITY GATHERS FOREIGN COMPETITION EXPERTS
04 09 2018

September 4 marked the start of a two-day  Eastern European Competition Workshop in Vilnius. The event, which was organised by the U.S. Federal Trade Commission in partnership with the Lithuanian competition authority Konkurencijos taryba, gathered almost 50 competition experts from Lithuania, Croatia, Czech Republic, Estonia, Georgia,...

EESTI MEEDIA PROPERLY IMPLEMENTED SET OBLIGATIONS
20 08 2018

The Lithuanian competition authority Konkurencijos taryba acknowledged that the Estonian company Eesti Meedia , which did not receive the clearance of the acquisition of 100 per cent of AllePAL shares and which was obliged to take actions re-establishing the state prior to the merger or eliminating the identified competition concerns, properly implemented obligations set by Konkurencijos taryba.

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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.

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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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CLASSIFIED ADS MERGER CASE REFERRED BACK TO VILNIUS REGIONAL ADMINISTRATIVE COURT FOR REEVALUATION
15 03 2018

The Supreme Administrative Court of Lithuania (Court) satisfied the appeal of the Competition Council and annulled the ruling of Vilnius Regional Administrative Court, according to which the Council was obliged to conduct an additional investigation regarding the merger of the Estonian managers of classified ads.

REVISED MERGER NOTIFICATION AND EXAMINATION PROCEDURE
11 01 2018

Having considered the amendments to the Law on Competition (Law), the Council revised merger notification and examination procedure, which takes into force from January 1, 2018.

UAB NORDIC MINDS WILL ACQUIRE CONTROL OF UAB BALTIJOS POLISTIRENAS
20 12 2017

The Competition Council cleared the acquisition of 40 per cent of Baltijos polistirenas shares (together with the currently owned shares – 80 per cent) and sole control by Nordic Minds .

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