In early September of this year, the President of Ukraine signed
the Law “On Amendments to Certain Legislative Acts of Ukraine
on Improving Legislation on Protection of Economic Competition and
Activities of the Antimonopoly Committee of Ukraine” (the
“Law”).
The Law launches the reform of Ukrainian antitrust legislation
which had been blocked by the Ukrainian Parliament for a long time.
The main purpose of this reform is to bring Ukrainian competition
regulations in line with EU legislation, which has become even more
important considering the recently approved decision by the EU
Commission to begin negotiations with Ukraine on its joining the
EU.
The Law will enter into force on January 1, 2024; thus, domestic
and international investors have some time to familiarise
themselves with the upcoming changes to the country's
antitrust legal framework.
