The Latvian Competition Authority changes the procedure for the calculation of fines for infringements of competition law

Changes to the procedure for determining fines applicable by the CC* On August 26, 29.03.2016. amendments to the Cabinet of Ministers regulation No. 179 " Procedures for Determining a Fine for the Infringements Provided for in Section 11, Paragraph One, Sections 13 and 14.1 of the Competition Law and Sections 5, 6, 7, and 8 of the Unfair Retail Trade Practices Prohibition Law" (hereinafter - Regulations). Changes to the Regulations have been made in order to fully incorporate the requirements of Directive 2019/1/EU into the national legal system regarding the imposition of a fine and exemption from it. Amendments to the Regulations provide for changes in fines applicable to market participants, determining the procedure by which the Competition Council (hereinafter – the CC) applies

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Latvian Competition Authority, The Latvian Competition Authority changes the procedure for the calculation of fines for infringements of competition law, 26 August 2022, e-Competitions September 2022, Art. N° 108527

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