High Court upholds €2.2m fine for gas giant

Take note – story published 7 years ago

Latvia's High Court on Wednesday ruled in favor of a Competition Council decision to fine Latvia's gas monopoly Latvijas Gāze €2.2m over debt recovery violations, reported LSM via LETA.

In 2013 the Competition Council – Latvia's competition watchdog–ruled that Latvijas Gāze has to pay a €2.2m fine for declining gas delivery contracts to households who refused to cover the previous' tenants debts.

The company was ordered to re-start making such contracts and pay the fine into the state budget.

Latvijas Gāze contested the ruling but in fall 2015 it was upheld at a second-instance court. Latvijas Gāze appealed again but, as Wednesday's decision shows, to no avail.

The ruling is final and cannot be appealed.

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