Having considered the amendments to the Law on Competition (Law), the Council revised merger notification and examination procedure, which takes into force from January 1, 2018.
On February 24, 2017 the Competition Council terminated the investigation into the requirements for pharmacy premises and equipment approved by the Ministry of Health in 2003 (hereinafter – Requirements). The investigation was terminated after the Ministry of Health amended the Requirements to ensure equal competitive opportunities...
Dalia Grybauskaitė, President of the Republic of Lithuania, adopted amendments to the Law on Competition (Law). From February 1 it will be easier for victims of antitrust violations to defend their rights by claiming compensation for damages suffered due to such infringements.
Seimas adopted amendments to the Law on Competition and the Law on Local Self-Government initiated by the President of the Republic of Lithuania. From 1 January 2017 public administrative bodies will face fines for competition law breaches and stricter regulation related to economic activities carried out by municipal companies.
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.