The Latvian Competition Authority develops a self-assessment tool for assessment of vertical agreements for entrepreneurs

The Competition Council develops a self-assessment tool for assessment of vertical agreements for entrepreneurs* The Competition Council of Latvia (the CC) develops a self-assessment tool for entrepreneurs so that they could be able to assess independently whether they have not engaged in a prohibited vertical agreement because of their negligence or lack of knowledge, for example, by agreeing to sell products at a price fixed by the supplier. Involvement in an agreement on the application of the minimum or fixed resale price for a product or service is considered a severe infringement of the competition law, subject to a fine of up to 5 % of the company turnover. Vertical agreements concluded by two or more independent market participants, each of which implements its economic

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Latvian Competition Authority, The Latvian Competition Authority develops a self-assessment tool for assessment of vertical agreements for entrepreneurs, 14 May 2021, e-Competitions July 2021 - II, Art. N° 101612

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