Policy Progress: Amended Provision on Concentration is registered by the Ministry of Justice
On August 1, Ministry of Justice registered Instruction of the Antimonopoly Committee of Ukraine #14-рп “On Amendments to the Provision on Concerted Actions and Provision on Concentration”, aimed at application of recent changes to the legislation on protection of economic competition.
After coming into force on August 19, mentioned instruction will enable practical application of simplified procedures for allowing concentrations in certain cases, as provided by the Law of Ukraine “On Protection of Economic Competition” and advocated by the Chamber.
The Chamber actively participated in preparation of final version of the document and welcomes further simplification of procedures for economic activities. Certain Chamber proposals, aimed at limiting the list of required documents to the ones that directly concern concentration in question were considered in the final version of the document.
The Chamber will make further efforts aimed at further improvement of regulation of economic concentrations.