Cobalt has successfully persuaded Lithuania's Supreme Administrative Court to reduce a fine imposed on client UAB Ministerium by the Lithuanian Competition Council from EUR 8000 to EUR 4000.
The dispute concerned a prohibited agreement between companies participating in a public tender and the lawfulness and justification of the fines imposed on them.
According to Cobalt, "the Supreme Administrative Court of Lithuania held that the fine imposed by the Competition Council did not meet the criteria of justice and reasonability. The court recognized that UAB Ministerium was neither the initiator nor active participant in the prohibited agreement, while the breach of competition law itself lasted for only eight days, so that it was fair to reduce the fine imposed on UAB Ministerium."
UAB Ministerium is active in the field of public relations, media planning and placement, and event organizing services.
The Cobalt team was led by Partner Elijus Burgis with assistance from Associate Justinas Sileika.