The Supreme Administrative Court of Lithuania (Court) satisfied the appeal of the Competition Council and annulled the ruling of Vilnius Regional Administrative Court, according to which the Council was obliged to conduct an additional investigation regarding the merger of the Estonian managers of classified ads.
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.
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.