Who are we and why you should know something about competition law
Updated: Apr 23, 2019
Our team consists of lawyers who are dealing with competition law issues in their everyday work. We keep our knowledge fresh and up-to-date by attending conferences, courses and following closely latest competition law practice in the world. Now we would like to share our knowledge with the wider public.
Since our writers come from four different countries, the blog posts will be in five languages. The main language of the blog will be English, and all the posts which cover wider topics or international case-law and events, will also be in English. However, local news and very country-specific issues may also be published in local languages. We hope this arrangement is suitable for our readers, but we appreciate your feedback if you prefer some other solutions.
So why did we decide to start the blog? We believe that competition law is one of the most interesting fields of law, and at the same time one of the most complicated ones. When a client comes to a law office with a question, then the last answer which the client wishes to hear is 'It depends.' However, very often that is the answer in competition law. We would like to explain the reasons behind that complexity, and introduce competition law more widely to undertakings in our region. Especially since competition law is crucial to know when conducting any kind of business activities.
Certain principles in law are widely known - basically everybody is familiar with the principles deriving from the constitution (e.g. like freedom of speech), and most people have basic knowledge of contract law. However, when it comes to competition law, awareness tends to fluctuate a lot. Why so?
One of the main reasons may be that the history of competition law in our region is not that long. The second reason may be that the competition cases do not reach the headlines very often. But the situation should change, and it is already changing, because competition law sets general principles for business activities which must be known by every person active in entrepreneurship. Otherwise you may risk with very high fines or even criminal proceedings. For example, when ECN+ Directive will be applied in the Baltics, the maximum penalty for competition law infringements will be at least 10% of the sum of the total worldwide turnover of the undertaking (or association of undertakings) in the preceding year.
So we do believe it's wise to have basic knowledge about competition law. Let’s start!