The Lithuanian Supreme Administrative Court upholds the Competition Authority’s decision on an agreement in the insurance sector (Lietuvos draudimas / DK PZU Lietuva)

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Lithuanian Supreme Administrative Court, Lietuvos draudimas / DK PZU Lietuva, LT-01116, 20 April 2012 (Lithuanian)

Lithuania: The Supreme Administrative Court upholds Competition Authority’s Decision in Insurance Case* On 20 April 2012, the Supreme Administrative Court of Lithuania (the Supreme Court) definitively upheld the decision of the Competition Council of the Republic of Lithuania (CC) of 23 December 2010, in which AB Lietuvos draudimas and UAB DK PZU Lietuva were found to have infringed the national Law on Competition and Article 101 TFEU. The companies were fined respectively € 115 934 and € 37 882 for concluding an anticompetitive agreement in the market for compulsory insurance for the civil liability of building

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European Competition Network Brief, The Lithuanian Supreme Administrative Court upholds the Competition Authority’s decision on an agreement in the insurance sector (Lietuvos draudimas / DK PZU Lietuva), 20 April 2012, e-Competitions April 2012, Art. N° 46710

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