Competition and Competition Litigation Laws and Regulations in Latvia

Source: CEE Legal Matters, November 2021

The CEE Legal Matters Comparative Legal Guide: Competition 2021 presents an overview of CEE's competition regimes. It includes an outline of the main competition pieces of legislation, any notable recent updates, the main concerns of the competition authority as well as its sanctioning record, how a leniency policy is applied and how unilateral conduct is treated in each country, an overview of relevant recent abuse cases, if and how State Aid can be obtained, as well as any major changes brought on by the COVID-19 pandemic in the field – and more!

“The main competition-related legislation in Latvia is the Competition Law of Latvia of October 4, 2001, (Competition Law). It covers the main areas of action – prohibited agreements, abuse of dominance, merger control, and competition distortion created by public administrative bodies. There is also the Unfair Retail Trade Practices Prohibition Law of January 1, 2016 (replaced by the Law on the Prohibition of Unfair Commercial Practices as of November 1, 2021, with transition period until April 19, 2022).

In addition, there is a number of Cabinet of Ministers Regulations (secondary legislation) that contain more detailed rules related to the main areas of action of the Competition Council of Latvia (Competition Council).”

 

The full chapter on Latvia is available HERE.

Full publication in English available HERE.