The Lithuanian Competition Authority updates the fine-setting procedure by improving the incentive to cooperate with the Competition Authority during infringement investigations

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 will be

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