THE COMPETITION COUNCIL CHANGES ITS SANCTIONING PRACTICE FOR UNREPORTED BUSINESS TRANSACTIONS
A merger or acquisition transaction executed without the approval of the Competition Council is a serious breach of competition law, for which the company implementing the concentration is held liable. In order to ensure that the fines more proportionately reflect the financial capabilities of the offender benefiting from the unreported...
THE COMPETITION COUNCIL AND PARTNERS WILL IMPLEMENT AN EU TWINNING PROJECT IN MOLDOVA
A consortium of Lithuanian, Romanian and Polish competition authorities will implement an EU Twinning project in Moldova to strengthen the institutional capacity of the Competition Council of Moldova to implement competition and state aid policy in line with EU best practice.
THE COMPETITION COUNCIL WILL MAKE THE ALLEGED INFRINGEMENT PUBLIC AFTER COMPLETING ITS INVESTIGATION
The Competition Council, taking into account the practices of the European Commission and other countries, will from now on publish on its website the information that it has completed the investigation and sent a Statement of Objections to the subjects that may have infringed the competition law, as well as other interested parties.
THE COMPETITION COUNCIL AIMS TO IDENTIFY POSSIBLE COMPETITION ISSUES IN THE ELECTRIC VEHICLE CHARGING SECTOR
Considering the rapid development of electric vehicle (EV) charging station infrastructure in Lithuania, the Competition Council has decided to monitor whether there are any barriers to competition in this sector.
OWNER OF DELFI.LT WILL HAVE TO GET PERMISSION FOR A CONCENTRATION FROM THE COMPETITION COUNCIL OR SELL THE SHARES OF LRYTAS
The Competition Council recognised that the Estonian company Ekspress Grupp , which controls the news portal delfi.lt , violated the Law on Competition by acquiring the company Lrytas , which controls the news portal lrytas.lt , without notifying the institution and obtaining its permission.
THE REGULATIONS OF THE MINISTRY OF TRANSPORT AND COMMUNICATIONS BECAME AN OBSTACLE TO OPENING UP THE RAILWAY TRANSPORT MARKET
The Competition Council has found that the rules adopted by the Minister of Transport and Communications in 2020, which give freight carriers access to congested railway lines, favour LTG Cargo , a company operating on the market, and discriminate against other companies providing the same services.
The Competition Council found that Oda LT and six companies distributing its skin care products agreed not to sell Oda LT products to consumers at prices lower than those indicated by the manufacturer. For the anticompetitive agreement, fines totalling 217,280 Euros were imposed on the companies Oda LT , Garbanė , GSS Baltic , Permanent...
The five-day visit of the staff of the Georgian National Competition Agency to Konkurencijos taryba concluded today, during which the guests got acquainted with the latest working practices of their Lithuanian colleagues, as well as visited several other Lithuanian institutions.
The Lithuanian competition authority Konkurencijos taryba has established that the Lithuanian Association of Real Estate Agencies (LAREA) and its 39 members agreed not to solicit each other's clients and brokers, and thus restricted competition. The infringement of the Law on Competition and the Treaty on the Functioning of the European Union...
On 14 and 15 November the 18th Baltic Competition Conference was held and this time it was dedicated to the 30th anniversary of the Competition Council of Latvia. In the conference the special attention was paid to involvement of public administrative bodies - state and local governments – in business, as well as challenges of competition law of...
Today the Lithuanian Government adopted a resolution approving the description of the procedure for setting fines for infringements of the Law on Competition. A more detailed regulation of the methodology for setting fines, which will apply from 1 May 2023, will result in fewer preconditions for disputes in courts concerning the amount of fines...
29 September 2022, Tbilisi . The launch event of the new EU-funded Twinning project “Strengthening Capacity of the Competition Agency of Georgia“ was held at Tbilisi Marriott hotel. The project aims to assist Georgia to align the normative and legal framework of the Competition Agency of Georgia with the Union acquis and other good international...