COBALT successfully assisted in the dairy cartel case
2012 - 02 - 25
COBALT successfully assisted two major Lithuanian dairy companies AB Rokiškio sūris and UAB Marijampolės pieno konservai in connection with their alleged participation in cartel agreements and the fines imposed by the Competition Council. Vilnius Regional Administrative Court cancelled the fines for an allegedly prohibited exchange of information between competing undertakings.
The court held that the Competition Council had wrongfully imposed a fine of almost EUR 0.48 million on AB Rokiškio sūris and a fine of EUR 74,290 on UAB Marijampolės pieno konservai. The main reason for the decision made by Vilnius Regional Administrative Court was that the Competition Council missed the limitation period within which, in line with statutory requirements, an action may be brought against economic entities for an alleged infringement. The case was led by Managing Partner Dr Irmantas Norkus and Partner Elijus Burgis. The firm’s associates Ilona Jančiauskaitė and Marius Inta also assisted the client in the case.