The Lithuanian Competition Authority improves the procedure for fine-setting by improving incentives to cooperate with the authorities and increasing clarity on the application of competition law provisions

PROCEDURE FOR SETTING FINES FOR COMPETITION LAW INFRINGEMENTS HAS BEEN IMPROVED* Today the Lithuanian Government adopted a resolution approving the description of the procedure for setting fines for infringements of the Law on Competition. A more detailed regulation of the methodology for setting fines, which will apply from 1 May 2023, will result in fewer preconditions for disputes in courts concerning the amount of fines imposed on infringers and will provide more clarity on the application of competition law provisions when setting sanctions. In addition, there

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Lithuanian Competition Authority, The Lithuanian Competition Authority improves the procedure for fine-setting by improving incentives to cooperate with the authorities and increasing clarity on the application of competition law provisions, 9 November 2022, e-Competitions November 2022 - II, Art. N° 109502

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