SEIMAS APPROVED REDUCTION OF FINES FOR VIOLATIONS OF THE LAW ON COMPETITION
Today, the Seimas adopted amendments to the Law on Competition (the Law) prepared by business organisations, which halve the base amount of fines imposed on offenders.
GROUPS OF COMPANIES PROVIDING ELECTRONIC GRADEBOOK AND LEARNING PLATFORM SERVICES TO EDUCATIONAL INSTITUTIONS FORMED A CARTEL
The Competition Council has established that two groups of companies, which a few years ago were offering different electronic gradebooks and several digital learning platforms to educational institutions, formed a cartel and divided these business areas between themselves to avoid mutual competition. After the groups of companies acknowledged...
AFTER TAKING THE COMMITMENTS, THE GERMAN COMPANY WILL BE ABLE TO CARRY OUT THE TRANSACTION IN THE INSURANCE MARKET
The Competition Council has approved the merger of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MRGAM) indirectly through ERGO International AG acquiring 100% of the shares of the insurance company Gjensidige and taking sole control of it. The transaction was approved after the German company committed to sell...
EMSI VIOLATED THE LAW ON COMPETITION BY EXPANDING ITS NETWORK OF PETROL STATIONS WITHOUT PERMISSION OF THE COMPETITION COUNCIL
The Competition Council found that the petrol station network operator Emsi took control of four petrol stations without the institution’s authorisation. The company has been ordered to bring the infringement of the Law on Competition to an end and has been fined a total of EUR 1,022,170.
PETROL STATION NETWORK OPERATOR EMSI SUSPECTED OF VIOLATING COMPETITION LAW
The Competition Council has completed its investigation into the suspected implementation of unnotified mergers and has sent the Statement of Objections to the petrol station network operator Emsi .
THE COMPETITION COUNCIL APPEALED THE COURT'S DECISION REGARDING THE AGREEMENT BETWEEN PHARMACEUTICAL COMPANIES
The dispute over whether the Lithuanian Pharmaceutical Association (LPA) and its members were justifiably fined for entering into an anti-competitive agreement is moving to the Supreme Administrative Court of Lithuania – today, the Competition Council submitted an appeal outlining the reasons why it is requesting the annulment of the decision...
COMPETITION COUNCIL WILL CONSIDER APPEALING THE COURT‘S RULING ON THE PHARMACIES’ AGREEMENT
The Regional Administrative Court issued a ruling yesterday on the contested decision of the Competition Council, which had established that pharmaceuticals companies entered into an anti-competitive agreement between.
INFRINGEMENT IDENTIFIED BY THE COMPETITION COUNCIL MAY DETER ALMOST HALF A HUNDRED POTENTIAL VIOLATIONS
The Competition Council's activities bring not only direct but also indirect benefits to consumers. The latter manifest itself through the deterrent effect of the institution's decisions, when companies, aware of the investigations being conducted and possible sanctions, refrain from illegal actions or cease them. Surveys of businesses and...
APPROVAL GRANTED FOR TRANSACTION IN THE COMMERCIAL AIRCRAFT MAINTENANCE SECTOR
The Competition Council has approved the acquisition by Willis Mitsui & Co Engine Support Limited of 100% of the shares in Bridgend Asset Management Limited and the takeover of sole control of the company. As part of the transaction, the Japanese company Mitsui & Co. Ltd . has also been authorised to enter into agreements with Willis...
PARLIAMENT APPROVES AMENDMENTS TO THE COMPETITION LAW
Today, the Seimas has adopted amendments to the Law on Competition related to the consultative function of the Competition Council and the procedure for the collection of fines and interest to the state budget in cases when the decision of the Authority is appealed to the court.
INVESTIGATION INTO POSSIBLE PROHIBITED AGREEMENT IN PUBLIC PROCUREMENTS WILL NOT BE CONTINUED
The Competition Council has terminated its investigation into whether the actions of twelve companies complied with the requirements of the Law on Competition in public procurements organised by the Electricity Distribution Operator (ESO).
COMPETITION COUNCIL EXPERTS SHARED THEIR EXPERIENCE WITH COLLEAGUES FROM MONTENEGRO
A two-day study visit of representatives from Montenegro's Competition Protection Agency has concluded today. During the visit, guests became familiar with the latest working practices of the Competition Council, its key operational principles, and engaged in discussions on topics relevant to both institutions.