News2019.06.28 13:00

Anti-trust whistleblowers in Lithuania to receive up to €100,000

BNS 2019.06.28 13:00

Whistleblowers who will help expose a cartel or other anti-competitive practices in Lithuania will be rewarded between 1,000 and 100,000 euros starting next month.

"From July 1, persons who provide evidence enabling Competition Council to detect anti-competitive agreements will be entitled to a financial reward," the anti-trust authority said in a press release on Friday. 

Competition Council hopes it "will encourage a more active role in the society to report" violations.

Under the procedure approved by the watchdog, "a whistleblower remuneration will constitute 1 percent of the fines imposed on the infringers, and will range from 1,000 to 100,000 euros," the authority said.

"Upon request, the identity of whistleblowers will not be disclosed to the parties of the investigation procedure, including undertakings suspected of a competition law infringement," it added.

The parliament amended the Law on Competition in March to allow a financial reward for anti-competition whistleblowers. 

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