On 21 October 2020, during the kick-off event of the EU-funded Twinning Project, the Antimonopoly Committee of Ukraine (the “AMC“) announced that it is preparing the draft law that will introduce amendments to the Ukrainian merger filing thresholds. The AMC will submit the draft law to the Ukrainian Parliament early this November and expects it to be adopted later this year.
According to the AMC, the proposed merger control reform will provide that:
Among other things, it is envisaged that the draft law will:
We will follow up with more details once the abovementioned draft law has been published by the AMC. The regulator also intends to improve the legal framework for private claims for damages arising from competition law violations. Private claims have been quite rare, so far, in Ukraine, due to significant gaps in regulation of this issue.
As regards the markets that are currently in focus, according to the AMC these are the markets for oil and gas, pharmaceuticals, consumer goods (especially sunflower oil and chicken), rail freight and seaport operations. The regulator will now be paying much more attention to digital markets in the future.
If you would like to learn more about the subjects covered in this publication, please contact Anastasia Usova, Partner.