On 10 July, the Competition Council of Latvia carried out procedural activities – unannounced inspection – at two construction materials selling companies. The authority performed investigation activities on the basis of suspicions regarding possible infringement of Section 11 of the Competition Law. The Competition Council has concerns that the companies involved have commi...
The Competition Council of Latvia (the CC) is assessed as the third most active in bid-rigging detection among all jurisdictions in the European Economic Area (EEA), imposing fines in 11 bid-rigging cases in the period from 2016 to 2019 according to analysis carried out by the Policy and Regulatory Report (PaRR). The analysis conducted by PaRR shows, that in all EEA me...
The extensive regulation and excessive disclosure of financial and performance indicators have made the compulsory civil liability insurance of owners of motor vehicles (MTPLI) market exceedingly transparent. This allows the insurance companies to keep up with the pursuits of their competitors very easily and make economically unjustified derogations from their pricing policy. As the MTPLI is mandatory for the owne...
