Amendments To The Competition Law

Original Language Title: Grozījumi Konkurences likumā

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Read the untranslated law here: https://www.vestnesis.lv/ta/id/193833

The Saeima has adopted and the President promulgated the following laws: the law on competition to make the competition law (Republic of Latvia Saeima and the Cabinet of Ministers rapporteur, 2001, nr. 22; 2004, nr. 10; 2008, 9, 24 no) the following amendments: 1. Replace the entire law, the word "Finance" with the word "financial".
2. Article 13, second paragraph, the introductory phrase to express the following: Editorial: "(2) the dominant position in the retail market or more market participants such that, taking into account their purchasing power a long enough period of time and the dependence on suppliers in the relevant market, the ability to directly or indirectly use or impose unfair suppliers and unreasonable terms, conditions or charges and may prevent, restrict or distort competition in any relevant market in the territory of Latvia. Any operator who is in a dominant position on the retail trade, it is prohibited to abuse the use of the territory of Latvia. Abuse of a dominant position in the form of a retail: ";
make point 2 as follows: "2) unfair and unjustified application of payment, discount or force for the supply of goods, the goods being in the retail site, including product placement on store shelves, and marketing promotions. About the unfair and unreasonable is not considered justified payment for a new, unknown to consumers in progress goods in the market; "
make paragraph 5 by the following: "5) unfair and unduly long term application of settlement or the imposition of the goods supplied. The settlement period for supplied food items whose validity period not exceeding 20 days is unfair and unduly long, if it exceeds 30 days from the date of delivery. "
3. in article 15: to express the second subparagraph by the following: "(2) market participants who decided to unite in one of the first ways envisaged in part, submitted prior to the merger to the competition Council a full report, if there is one of the following conditions: 1) merging the total turnover in the preceding financial year in the territory of Latvia has been not less than 25 million lats;
2) merging part of the common market the relevant market exceeds 40 percent. "
to supplement the article with a new 2.1 part as follows: "(21) in the second part of this article, in the case referred to in the report is not submitted, if one of the two members of the merger, the turnover in the preceding financial year in the territory of Latvia shall not exceed 1.5 million lats.";
consider the current 2.1 and 2.2 part 2.2 and 2.3, respectively.
The law shall enter into force on 1 September 2009.
The Parliament adopted the law of 18 June 2009.
President Valdis Zatlers in Riga V. 27 June 2009 Editorial Note: the law shall enter into force by 1 September 2009.