The Lithuanian competition authority Konkurencijos taryba has cleared the acquisition of sole control of Mandatum Life Insurance Company Limited life insurance business in Lithuania, Latvia and Estonia by Invalda INVL indirectly through the company INVL Life .
The Lithuanian competition authority Konkurencijos taryba refused to clear the acquisition of 100 per cent of the shares and sole control of SPLIUS by Cgates .
After conducting the monitoring of the implementation of the Law on the Prohibition of Unfair Practices of Retailers (Law), in its report provided to the Government the Lithuanian competition authority Konkurencijos taryba suggested that higher fines should be envisaged for major retailers for their unfair practices to food and drink suppliers.
Lietuvos paštas committed to inform other postal service providers about any pricing changes in advance and not to create any obstacles to its competitors operating in the same market. Konkurencijos taryba decided that these commitments proposed by the company are appropriate and sufficient to eliminate the alleged infringement of the Law on...
Konkurencijos taryba closed the examination of the merger notification regarding the acquisition of 100 per cent of SPLIUS shares and sole control by Cgates.
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.
On October 18 the Competition Council cleared the acquisition of 100 per cent of UAB Palink ( PALINK ) shares and control by UAB Rimi Lietuva ( RIMI ) on condition that RIMI will sell part of its business related to retail trade.
The Supreme Administrative Court of Lithuania (Court) upheld the Competition Council’s decision, according to which the Council prohibited the acquisition of 100 per cent of Maltosa shares by Viking Malt Oy .
The Supreme Administrative Court of Lithuania (hereinafter – Court) upheld the Competition Council‘s decision, according to which the security company G4S Lietuva (G4S) infringed the Law on Competition by concluding anti-competitive agreements in the market of cash-handling services and received EUR 2.7 million fine.
Lithuanian Competition Council (the Council) announced that the new Merger Notification and Examination Procedure (the Merger Procedure) had come into force on 1 January 2016. As of that date, all merger notifications must be submitted in line with the new Merger Procedure.
Competition Council introduced changes to merger notification procedure made following discussions with business and legal communities, EC recommendations and the Council‘s current practice. The new merger notification procedure will come into force on 1 January 2016.