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...
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.
BUSINESS SURVEY: MOST COMPANIES ARE AWARE OF THE REQUIREMENTS OF THE LAW ON COMPETITION, BUT EDUCATION IS STILL NEEDED
A survey conducted by Spinter Research on behalf of the Competition Council reveals that more than two-thirds of Lithuanian businesses are aware of the main requirements of competition law, such as the prohibition to enter into anti-competitive agreements. Given the continuing need to raise awareness of competition rules, the Authority will...
COURT: THE COMPETITION COUNCIL RIGHTLY DETERMINED THAT NOTARIES’ AGREEMENT RESTRICTED COMPETITION
The Supreme Administrative Court of Lithuania (Court) confirmed the findings of the Competition Council’s investigation, establishing that the Lithuanian Chamber of Notaries restricted competition among notaries and violated both the Competition Law and the Treaty on the Functioning of the European Union (TFEU). An expanded panel of judges,...
THE UNDERTAKINGS' ANTI-COMPETITIVE AGREEMENT DENIED CONSUMERS LOWER PRICES FOR FOOD SUPPLEMENTS AND COSMETICS
The Competition Council found that Giantera , the official representative of the Dr. Ohhira brand in Lithuania, and 19 distributors of its products had agreed not to sell food supplements and cosmetic products at prices lower than the supplier's prices, and not to offer discounts and promotions to consumers. The companies were fined a total...
THE COMPETITION COUNCIL CHANGES ITS SANCTIONING PRACTICE FOR UNREPORTED BUSINESS TRANSACTIONS
A merger or acquisition transaction executed without the approval of the Competition Council is a serious breach of competition law, for which the company implementing the concentration is held liable. In order to ensure that the fines more proportionately reflect the financial capabilities of the offender benefiting from the unreported...
NEW VISION AND OBJECTIVES IN THE STRATEGY FOR 2024–2029
The Competition Council has confirmed the Strategy for the next five years, which, among other things, announces a new vision and strategic goals and tasks for the Authority.
The Competition Council found that Oda LT and six companies distributing its skin care products agreed not to sell Oda LT products to consumers at prices lower than those indicated by the manufacturer. For the anticompetitive agreement, fines totalling 217,280 Euros were imposed on the companies Oda LT , Garbanė , GSS Baltic , Permanent...
What benefits does an open, competitive labour market provide, and why shouldn't employers negotiate among themselves regarding employees' working conditions? Answers to these and other questions are provided in the guidance which the Competition Council has sent to the most important organisations that unite employers and employees.
On 16–20 January employees of the Anti-monopoly Committee of Ukraine took part in a study visit in Lithuania during which they participated in meetings with experts from the competition authority Konkurencijos taryba, Vilnius Regional Administrative Court, as well as from the Communications Regulatory Authority, and learned about the working...
The Lithuanian competition authority Konkurencijos taryba has established that the Lithuanian Association of Real Estate Agencies (LAREA) and its 39 members agreed not to solicit each other's clients and brokers, and thus restricted competition. The infringement of the Law on Competition and the Treaty on the Functioning of the European Union...