Novelties of method of setting fines imposed for infringements of the Lithuanian law on competition

    Research output: Contribution to journalArticle

    Abstract

    Imposition of sanctions for violations of competition law rules is an important instrument of the European Union (EU) and Lithuanian competition enforcement authorities and is an inevitable part of the EU and Lithuanian competition law policy. The fining policy of the Lithuanian Competition Council for breaches of the Lithuanian and EU competition rules has recently been changed by the new 2012 Government resolution and has been aligned with the 2006 Commission Guidelines on the method of setting fines. The new Lithuanian fining rules set exactly the same basic principles for setting the amount of fines and are very similar to the Commission’s Guidelines, however some peculiarities may and shall be distinguished. The new Lithuanian fining rules in some aspects are even stricter than the EU fining rules established in the Commission’s Guidelines. The aim of the article is to analyse the main changes in the Competition Council’s fining policy and identify the discrepancies in national and EU fining rules, analyse advantages and disadvantages of the new fining policy.
    Original languageEnglish
    Pages (from-to)625-642
    JournalJurisprudencija: mokslo darbai
    Volume2
    Issue number19
    Publication statusPublished - 2012

    Fingerprint

    law on competition
    Law
    sanction

    Keywords

    • Fine
    • Value of sales
    • Basic amount

    Cite this

    Novelties of method of setting fines imposed for infringements of the Lithuanian law on competition. / Novosad, Ana; Moisejevas, Raimundas.

    In: Jurisprudencija: mokslo darbai, Vol. 2, No. 19, 2012, p. 625-642.

    Research output: Contribution to journalArticle

    @article{4776182131a14b1a973791c1613bad11,
    title = "Novelties of method of setting fines imposed for infringements of the Lithuanian law on competition",
    abstract = "Imposition of sanctions for violations of competition law rules is an important instrument of the European Union (EU) and Lithuanian competition enforcement authorities and is an inevitable part of the EU and Lithuanian competition law policy. The fining policy of the Lithuanian Competition Council for breaches of the Lithuanian and EU competition rules has recently been changed by the new 2012 Government resolution and has been aligned with the 2006 Commission Guidelines on the method of setting fines. The new Lithuanian fining rules set exactly the same basic principles for setting the amount of fines and are very similar to the Commission’s Guidelines, however some peculiarities may and shall be distinguished. The new Lithuanian fining rules in some aspects are even stricter than the EU fining rules established in the Commission’s Guidelines. The aim of the article is to analyse the main changes in the Competition Council’s fining policy and identify the discrepancies in national and EU fining rules, analyse advantages and disadvantages of the new fining policy.",
    keywords = "Fine , Value of sales , Basic amount",
    author = "Ana Novosad and Raimundas Moisejevas",
    year = "2012",
    language = "English",
    volume = "2",
    pages = "625--642",
    journal = "Jurisprudencija: mokslo darbai",
    issn = "1392-6195",
    publisher = "Mykolas Romeris University",
    number = "19",

    }

    TY - JOUR

    T1 - Novelties of method of setting fines imposed for infringements of the Lithuanian law on competition

    AU - Novosad, Ana

    AU - Moisejevas, Raimundas

    PY - 2012

    Y1 - 2012

    N2 - Imposition of sanctions for violations of competition law rules is an important instrument of the European Union (EU) and Lithuanian competition enforcement authorities and is an inevitable part of the EU and Lithuanian competition law policy. The fining policy of the Lithuanian Competition Council for breaches of the Lithuanian and EU competition rules has recently been changed by the new 2012 Government resolution and has been aligned with the 2006 Commission Guidelines on the method of setting fines. The new Lithuanian fining rules set exactly the same basic principles for setting the amount of fines and are very similar to the Commission’s Guidelines, however some peculiarities may and shall be distinguished. The new Lithuanian fining rules in some aspects are even stricter than the EU fining rules established in the Commission’s Guidelines. The aim of the article is to analyse the main changes in the Competition Council’s fining policy and identify the discrepancies in national and EU fining rules, analyse advantages and disadvantages of the new fining policy.

    AB - Imposition of sanctions for violations of competition law rules is an important instrument of the European Union (EU) and Lithuanian competition enforcement authorities and is an inevitable part of the EU and Lithuanian competition law policy. The fining policy of the Lithuanian Competition Council for breaches of the Lithuanian and EU competition rules has recently been changed by the new 2012 Government resolution and has been aligned with the 2006 Commission Guidelines on the method of setting fines. The new Lithuanian fining rules set exactly the same basic principles for setting the amount of fines and are very similar to the Commission’s Guidelines, however some peculiarities may and shall be distinguished. The new Lithuanian fining rules in some aspects are even stricter than the EU fining rules established in the Commission’s Guidelines. The aim of the article is to analyse the main changes in the Competition Council’s fining policy and identify the discrepancies in national and EU fining rules, analyse advantages and disadvantages of the new fining policy.

    KW - Fine

    KW - Value of sales

    KW - Basic amount

    M3 - Article

    VL - 2

    SP - 625

    EP - 642

    JO - Jurisprudencija: mokslo darbai

    JF - Jurisprudencija: mokslo darbai

    SN - 1392-6195

    IS - 19

    ER -