The Latvian Competition authority fines members of the association of auditors for price fixing cartel (Latvian Association of Certified Auditors)

I. Summary of the case This case is of interest, since this is the only second time in the history of Latvian competition law that the members of the so-called “liberal” profession are fined for the breach of Latvian Competition Law. In 2007 the Competition Council found the members of the Latvian Association of Architects were in breach of the provisions of the EU Treaty. In that case the Competition Council established that the architects were setting the prices for the planning works in the field of construction. At that time no fine was imposed, taking into the account the fact that this was the first case of prohibited agreement between representatives of a liberal profession, as well as because the association amended all the documents and stopped the practices, which

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Julija Jerneva, The Latvian Competition authority fines members of the association of auditors for price fixing cartel (Latvian Association of Certified Auditors), 26 August 2010, e-Competitions August 2010, Art. N° 33887

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