Having conducted the annual impact assessment of its activities, the Lithuanian competition authority Konkurencijos taryba calculated that direct expected benefits to consumers over the period of 2018–2020 amounted to an average of EUR 19.3 million per year and exceeded the authority’s annual budget 8 times.
The Supreme Administrative Court of Lithuania (Court) rejected the appeal by the German company Sypra which participated in the radioactive scrap metal auction conducted by Ignalina nuclear power plant and concluded a cartel. The Court did not reduce the fine imposed on the company by the Lithuanian competition authority.
The Lithuanian competition authority Konkurencijos taryba has terminated the investigation into the actions of Diginet LTU , the owner of classified real estate ads websites, without finding that the company abused its dominant market position by way of charging unfair prices to customers.
The Lithuanian competition authority Konkurencijos taryba has found the fixed and minimum rates of notary fees approved by the Ministry of Justice of the Republic of Lithuania to restrict the ability of notaries to compete on prices. Having failed to ensure the freedom of fair competition, the Ministry of Justice received a fine of EUR 43,000...
The Lithuanian competition authority Konkurencijos taryba has found that the film distributor Theatrical Film Distribution and the firms NCG Distribution and Forum Cinemas , which belong to the same group of companies, agreed on the prices of the distributed films. Although the fines calculated for the cartel constituted more than EUR 3.8...
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...
On October 21, 2020, the Lithuanian, German and Romanian competition authorities partnering under the EU Twinning project “Legal and Enforcement Support to the Antimonopoly Committee of Ukraine (AMCU)“ met to discuss the key priorities and results that they aim to achieve during the project implementation.
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.