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Andra Rubene on conclusion of administrative agreements with the Latvian Competition Council, Dienas bizness

27.10.2010

Andra Rubene

Andra Rubene, senior associate of Tark Grunte Sutkiene, points out administrative agreement as a possibility to reduce the penalty applied by the Competition Council. Market participants, who have already appealed to court the decisions issued by the Competition Council almost always assess the possibility of settlement on the grounds of an administrative agreement. However in many cases the necessity to admit fault and comparatively small financial gain preclude business persons from prompt concluding of such agreements and the proceedings consequently come before court. The proceedings last until agreement with the Competition Council on the terms of the administrative agreement acceptable to the business person has been reached.

 Click here to read the publication (available in the Latvian language).

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