LITHUANIAN COURT UPHELD LITHUANIAN COMPETITION COUNCIL’S DECISION ON "GAZPROM“
Vilnius Administrative Regional Court upheld the decision by Lithuanian Competition Council’s to fine Gazprom for the failure to comply with merger conditions and market foreclosure.
On 10 June 2014 the Council imposed on Gazprom a fine of approx. € 35.6 million for the failure to meet conditions of the merger cleared on 18 March 2004. Judicial Panel of Vilnius Administrative Regional Court agreed with the assessment of the Competition Council that breach of merger conditions was a serious infringement of the Law on Competition.
The ruling of Vilnius Administrative Regional Court may be appealed to the Lithuanian Supreme Administrative Court within 14 days.