Lithuania: Overview

Regulatory framework The primary source of competition law in Lithuania is the Competition Law of the Republic of Lithuania of 1992 (the Law). Subsequently, the Law has been revised as a result of Lithuania’s accession to the EU and, following the amendments that entered into force on 1 May 2004, the Lithuanian competition regime is now largely aligned with the EU model. This development was related to the procedural changes in EU competition law (the coming into force of the Council Regulation 1/2003 of 16 December 2002 on the implementation of the rules of competition laid down in articles 81 and 82 of the EC Treaty (articles 101 and 102 TFEU) (Regulation 1/2003)), as well as the harmonisation of national law with the EU competition law.