The Lithuanian Competition Authority closes its investigations against a bank for abuse of dominance (Swedbank)

Competition Council closes the investigation into Swedbank actions* The Competition Council closed the investigation into the compliance of Swedbank actions with the requirements of the Law on Competition upon Swedbank submitting written commitments suitable for the elimination of the alleged competition law breach and creating preconditions to avoid it in the future. During the investigation the Council examined whether Swedbank abused its dominant position by including certain provisions into Bank Link service agreements concluded with undertakings providing online payment collection services to e-shops. Such provisions were seen as

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Lithuanian Competition Authority, The Lithuanian Competition Authority closes its investigations against a bank for abuse of dominance (Swedbank) , 13 June 2018, e-Competitions June 2018, Art. N° 87279

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