Cobalt has successfully represented UAB Grifs before the Competition Council of Lithuania in an investigation concerning potential market-sharing agreements.
UAB Grifs is a licensed international capital security service provider.
According to Cobalt, “the one-and-a-half-year-long investigation began after the Competition Council received information about a possible market-sharing agreement between several security companies, which included GRIFS AG, Argus, Norgauda, and Apsaugos Komanda. The suspicions of the Competition Council were caused by the fines stipulated in the contracts concluded by the security service provider Apsaugos Komanda for taking over customers served on the basis of subcontracting. Apsaugos Komanda had concluded such a contract with UAB Grifs, too.”
However, according to Cobalt, taking into account the “specifics of the security services business, the circumstances of the cooperation between the companies, and the low impact of the cooperation agreement on competition in the market, the Competition Council decided that it was not proportionate to continue the investigation and terminated it.”
Late last year, Cobalt successfully represented UAB Grifs before a first-instance court and the Lithuanian Court of Appeal in a dispute regarding the company's alleged failure to properly perform its obligations toward a client (as reported by CEE Legal Matters on December 7, 2022).
Cobalt’s team included Partner Rasa Zasciurinskaite and Senior Associate Justinas Sileika.
