On November 1 amendments to the Law on Competition of the Republic of Lithuania enter into force. These amendments are in line with the ECN+ Directive intended to empower the competition authorities of Member States to be more effective enforcers and ensure the proper functioning of the internal market. More specifically, the Directive aims to...
The Lithuanian competition authority Konkurencijos taryba cleared the acquisition of 100 per cent of the shares and sole control of the Polish company Industrie Maurizio Peruzzo POLOWAT by the Netherlands-based firm Indorama Netherlands B. V.
The Lithuanian competition authority Konkurencijos taryba has updated the list of academic advisers whose external advice has been sought to enhance the quality of the authority’s activities. Such right to form an advisory committee is established by the Law on Competition of the Republic of Lithuania.
On September 15 Gitanas Nausėda, President of the Republic of Lithuania, signed a decree whereby on September 30 Jolanta Ivanauskienė will leave her role as a Council Member of the Lithuanian competition authority Konkurencijos taryba, a decision made of her own free will.
The antitrust and competition law journal and news service Global Competition Review has conducted an annual survey of the world‘s leading competition authorities and for six years in a row gave the Lithuanian Konkurencijos taryba three stars out of five, placing it next to competition agencies from Sweden, Norway, Netherlands or Belgium.
In relation to the amendments to the Law on Competition adopted by the Seimas, today the Lithuanian competition authority Konkurencijos taryba has updated the Leniency Rules and adopted the Rules on Cooperation with the EU Competition Authorities or Other Counterparts.
The Lithuanian competition authority Konkurencijos taryba has found that the Lithuanian transport safety administration (LTSA) infringed the Law on Competition when it extended contracts with 42 regular road passenger transport service providers without a competitive procedure, thereby restricting competition and impeding the entry of new market...
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...
Konkurencijos taryba found that UAB Palink , one of the major retail companies in Lithuania, infringed the Law on the Prohibition of Unfair Practices of Retailers (Law) when it required from 7 food and drink suppliers to spend all of their preliminary budget intended for sales promotion activities.
Konkurencijos taryba cleared the acquisition of 52.81 per cent of the Latvian company Eco Baltia indirectly through BSGF Salvus , and acquisition of joint control of Eco Baltia by the investment fund INVL Baltic Sea Growth Fund together with the existing shareholder the European Bank for Reconstruction and Development.
The Lithuanian competition authority Konkurencijos taryba responded to information on social media and warned travel agencies that their actions may be viewed as anti-competitive when some of them requested travel organizers to include in contracts provisions prohibiting travel agencies from applying discounts for consumers at the expense of...
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.