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Antitrust law in the Republic of Lithuania is designed to promote fair competition and prevent anti-competitive practices in the market. The primary laws governing antitrust in Lithuania include the Law on Competition and the Law on the Control of Concentrations.
You may need a lawyer for antitrust issues in Lithuania if you are facing allegations of anti-competitive behavior, need to navigate merger control regulations, or require legal advice on competition law compliance.
Under Lithuanian antitrust law, companies are prohibited from engaging in agreements that restrict competition, abuse of dominant market positions, and engaging in anti-competitive mergers. The Competition Council of the Republic of Lithuania is responsible for enforcing these laws and investigating antitrust violations.
In Lithuania, agreements between companies that have as their object or effect the prevention, restriction, or distortion of competition in the market are considered anti-competitive and prohibited by law.
A company is considered to hold a dominant market position in Lithuania if it has significant market power that allows it to act independently of its competitors, customers, and consumers.
Penalties for antitrust violations in Lithuania can include fines, legal measures to restore competition, and the dissolution of anti-competitive agreements.
You can report an antitrust violation to the Competition Council of the Republic of Lithuania by submitting a complaint through their official website or by contacting their office directly.
Companies seeking to merge in Lithuania must notify the Competition Council of their proposed merger and undergo a review process to ensure the merger does not significantly reduce competition in the market.
There are certain exemptions to antitrust laws in Lithuania, such as agreements that contribute to improving production or distribution, or agreements that benefit consumers by fostering innovation.
The length of an antitrust investigation in Lithuania can vary depending on the complexity of the case, but investigations are typically completed within a few months to a year.
Individuals, including company directors and employees, can be held personally liable for antitrust violations in Lithuania if they were directly involved in the anti-competitive conduct.
The Competition Council of the Republic of Lithuania focuses on preventing anti-competitive agreements, abuse of dominant positions, and ensuring fair competition in the market to protect consumers and promote economic efficiency.
To ensure compliance with antitrust laws in Lithuania, companies should seek legal advice, conduct internal audits of their business practices, and stay informed of changes in competition law regulations.
For more information on antitrust law in Lithuania, you can visit the official website of the Competition Council of the Republic of Lithuania or consult with a qualified antitrust lawyer for legal advice.
If you require legal assistance with antitrust issues in Lithuania, it is advisable to contact a reputable law firm specializing in competition law to discuss your case and determine the best course of action.
