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Cobalt Persuades Administrative Court to Reduce Fine on UAB Ministerium

Cobalt Persuades Administrative Court to Reduce Fine on UAB Ministerium

Lithuania
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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.

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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