Aligning Ukraine's Competition Laws With EU Regulations: A Work In Progress

Ukraine's competition laws, particularly those relating to merger control, have been eagerly anticipated to undergo significant revisions. Despite repeated attempts, these changes remained blocked in the Ukrainian Parliament for a long time.

The Ukrainian President and his team have reaffirmed their staunch commitment to the International Monetary Fund to unblock the reforms in the competition law area. They have pledged to revamp and fortify the Antimonopoly Committee of Ukraine (the AMC) by the end of September. Their plan includes bolstering the AMC's legal framework to foster a more robust competitive landscape. In line with this promise, a new draft law addressing these issues has been presented to the Ukrainian Parliament. This bill is expected to undergo an expedited review process to adhere to the President's set deadline.