According to the recent press release issued by the Antimonopoly Committee of Ukraine (the “AMC”), the review of merger and antitrust filings was renewed on 9 June 2022.
Recall that due to the commencement of russia’s full-scale military invasion into Ukraine on 24 February 2022, the review of all filings was suspended. The AMC put on hold the filings submitted before 25 February 2022 and did not accept new filings until 30 March 2022.
To this end, on 30 March 2022, the AMC adopted the guidelines on the merger control procedure during the time of martial law in Ukraine (the “Guidelines”). In the Guidelines, the AMC clarified that the obligation to obtain prior clearance for notifiable transactions remained in force during the time of martial law, while new filings would be accepted but reviewed only after the end of martial law. For more details on the Guidelines, please see our previous alert under this link: https://bit.ly/3zGog2C
Starting from 9 June 2022, the AMC will apply the following approaches to filings’ review depending on the date when such filings were/are made:
In case of any questions, please feel free to contact Anastasia Usova, an antitrust partner at Redcliffe Partners, Denys Medvediev, a senior associate, or Nataliya Kovalyova, a senior associate.