FIRST DISCUSSION ON ECONOMICS IN COMPETITION LAW

The Competition Council (the KT) continues to foster the dialogue with law practitioners, academia and members of business community.

Šarūnas Keserauskas, the Chairman of the KT, together with his colleagues participated in the discussion “Economics in Competition Law: Benefits and Possibilities”.

Presentations were delivered by Rob van der Laan, the founder and the Head of “OmniCLES”, and Karina Kučaidze, Chief expert within the Prohibited Agreements Division at the KT.

“Competition law is based on the science of economics and regulates complex economic phenomena, therefore, economists are actively involved in competition cases. In the meantime eight economists are employed with the KT. Their knowledge and evaluation ensure that every decision is economically justified” – says Šarūnas Keserauskas.

Šarūnas Keserauskas and the Head of the Prohibited Agreements Division Dina Lurje together with Lauras Butkevičius, Associate Professor at Vilnius University Faculty of Law, and Irmantas Jarukaitis, Deputy Chairman of the Supreme Administrative Court of Lithuania, discussed the importance of economics in competition law.

The event was organised in partnership with the audit company JSC Ernst & Young Baltic.