Today Seimas adopted amendments to the Law on Competition which will transpose the provisions of the Directive of the European Parliament and Council into national law, ensuring uniform regulation of the activities of competition authorities across the EU, with regard to such matters as independence, resources, powers and sanctions. The...
As companies have temporarily suspended their business operations due to the Covid-19 outbreak, Konkurencijos taryba is struggling to receive information from businesses and informs companies that it may take longer than usual to implement the activities ascribed to it by the laws, especially merger control.
Konkurencijos taryba was awarded a contract to implement the EU Twinning project in Ukraine. It will be the first time when Lithuania will implement the project in the role of the project leader rather than a junior partner.
The Supreme Administrative Court of Lithuania (Court) rejected the claim of the company Kauno grūdai confirming EUR 947,700 fine imposed on it for an unnotified merger.
The Lithuanian competition authority Konkurencijos taryba and the German Federal Ministry for Economic Affairs and Energy successfully completed the European Union Twinning Project in Ukraine.
The Lithuanian competition authority Konkurencijos taryba has cleared the acquisition of 100 per cent of the shares of UAB Nacionalinis bilietų platintojas by the Estonian company Baltic Ticket Holdings .
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.
The Supreme Administrative Court of Lithuania (Court) concluded that the company Baltic Ticket Holdings which acquired UAB Nacionalinis bilietų platintojas shall submit a merger filing to the Competition Council which started merger control proceedings on its own initiative.
The Competition Council found that having acquired about 51 per cent of Vievio paukštynas shares and gained control over the company, Kauno grūdai implemented unnotified merger. For the infringement of the Law on Competition, the Council fined Kauno grūdai EUR 947,700.