The Lithuanian competition authority Konkurencijos taryba found that the Lithuanian Basketball League ( Lietuvos krepšinio lyga – LKL) and 10 basketball clubs concluded an anti-competitive agreement when they decided not to pay basketball players salaries or other financial remuneration for the rest of the season after the termination of the...
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...
Konkurencijos taryba found that Norfos mažmena and Rivona infringed the Law on the Prohibition of Unfair Practices of Retailers (Law) by setting requirement for the suppliers to pay fees for sales promotion.
From July 1 persons who provide evidence enabling Konkurencijos taryba to detect anti-competitive agreements will be entitled to a financial reward. It is hoped that this will encourage the society to take a more active role in reporting to the Lithuanian competition authority cartels or other anti-competitive agreements entered into by the...
Today Seimas adopted amendments to the Law on Competition of the Republic of Lithuania. One of the major changes concern the right of the Lithuanian competition authority to remunerate whistleblowers that provide information about anti-competitive agreements.