Filing a cassation appeal against the decision of the Latvian Competition Council
27 February 2024 - 5:15AM
UK Regulatory
Filing a cassation appeal against the decision of the Latvian
Competition Council
Merko Ehitus notified with a 26.01.2024 stock
exchange announcement the Administrative Regional Court of Latvia
did not satisfy the appeal of SIA Merks and AS Merko Ehitus and
upheld the decision of the Latvian Competition Council.
Today, on 26.02.2024, SIA Merks and AS Merko
Ehitus filed a cassation application to Latvian Supreme Court
against the decision of the Latvian Competition Council. Merko
Ehitus group continues to consider the views of the Latvian
Competition Council regarding SIA Merks’ business practices to be
unfounded in their entirety and is of the opinion that the
Administrative Regional Court of Latvia did not sufficiently
consider the arguments presented by the company.
Additional comments have been published in
interim and annual reports, all materials have been available in
the corresponding subsection of AS Merko Ehitus' website.
Merko Ehitus group remains committed to
promoting and implementing ethical business standards and
behaviour, as well as compliance with all applicable laws and
regulations governing business practices. Any possible infringement
of fair competition is in violation of the operating principles and
values of the group.
Urmas Somelar
Head of Group Finance Unit
AS Merko Ehitus
+372 650 1250
urmas.somelar@merko.ee
AS Merko Ehitus
(group.merko.ee) group companies develop real
estate and construct buildings and infrastructure. We create a
better living environment and build the future. We operate in
Estonia, Latvia, Lithuania and Norway. As at the end of 2023, the
group employed 635 people, and the group’s revenue for 2023 was EUR
466 million.
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