Latvia merger control
Produced in partnership with Sorainen
Latvia merger control

The following Competition practice note produced in partnership with Sorainen provides comprehensive and up to date legal information covering:

  • Latvia merger control
  • 1. Have there been any recent developments regarding the Latvian merger control regime and are any updates/developments expected in the coming year? Are there any other ‘hot’ merger control issues in Latvia?
  • 2. Under Latvian merger control law, is the control test the same as the EU concept of ‘decisive influence’? If not, how does it differ and what is the position in relation to 'minority shareholdings'?
  • 3. Are joint ventures caught by the national merger control provisions (including non-structural, cooperative joint ventures)?
  • 4. What are the merger control thresholds and would a purely foreign-to-foreign transaction be caught (commenting on any ‘effects’ doctrine/policy if relevant)?
  • 5. Are there any specific issues parties should be aware of when compiling and calculating the relevant turnover for applying the jurisdictional thresholds?
  • 6. Where the jurisdictional thresholds are met, is notification mandatory and must closing be suspended pending clearance?
  • 7. Is there any discretion to review transactions that fall below the notification thresholds?
  • 8. Is it possible to close the deal globally prior to local clearance?
  • 9. Is there a deadline for filing a notifiable transaction and what is the timetable for review of a notifiable transaction?
  • More...

Latvia merger control

A conversation with Rūdolfs Eņģelis, partner, and Marika Grunte, senior associate in the Latvian office of regional law firm SORAINEN, on the key issues on merger control in Latvia.

NOTE–to see whether notification thresholds in Latvia and throughout the world are met, see Where to Notify.

1. Have there been any recent developments regarding the Latvian merger control regime and are any updates/developments expected in the coming year? Are there any other ‘hot’ merger control issues in Latvia?

On 15 June 2016, amendments to the Competition Law came into force, including the following changes to the merger control rules:

  1. changes to the financial notification thresholds

  2. the removal of the 40% market share threshold

  3. the power for the Latvian Competition Council to require notification of transactions where the combined market share exceeds 40% and there is a reasonable suspicion that the transaction will result in the creation or strengthening of a dominant position or that competition will be significantly reduced in the relevant market

  4. the introduction of a filing fee (to be based on the turnover of the merging parties)

  5. the replacement of fixed penalties for failure to notify with fines of up to 3% of the annual turnover of merging parties, and

  6. fines for failure to provide requested information or for providing false or misleading information.

It should also be noted that since the end

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