The AMCU has extended its amnesty procedure until 15 March 2017

The Antimonopoly Committee of Ukraine (the "AMCU") has extended its amnesty procedure until 15 March 2017

The amnesty procedure allows a completed transaction to be approved retroactively pursuant to paying a minimum fine (UAH 102,000 or approximately EUR 3,500), if:

  • the transaction was completed before 15 September 2015;
  • the transaction did not lead to dominance or significant impediment of competition; and
  • the application for amnesty is submitted before 15 March 2017.

Please note, though, that a full-scope application is required. Also, application of the amnesty procedure is not unconditional, and further depends on the AMCU’s discretion (which means that whether to request this amnesty requires careful consideration of the possible risks vs. the likelihood of receiving amnesty).

If you would like to receive further information in connection with the above, please contact Dmytro Fedoruk or Yulia Eismont.