Policy Progress: Certain Chamber Proposals were Incorporated into Amended Recommendations on Calculation of Fines
On August 9, Antimonopoly Committee of Ukraine (AMCU) approved amended version of Recommendations on Calculation of Fines for Violation of Legislation on Protection of Economic Competition.
The Chamber remains deeply involved in development of proposals aimed at increasing transparency of antimonopoly legislation application and, in particular, application of fines. The Chamber continuously supports Draft Law #2431, aimed at introduction of mandatory methodology for defining amount of fines, applied by bodies of the Antimonopoly Committee of Ukraine (AMCU).
The Chamber participated in public discussion regarding draft amendments to Recommendations and certain provisions were modified accordingly. In particular, a number of unclear circumstances that were initially proposed to be considered while calculating fine were removed from the final version of the document following Chamber position paper.
The Chamber will continue its efforts aimed at making AMCU activities more predictable and ensuring legal certainty in application of legislation on protection of economic competition.