Competition Alert

Appointment of AMC Commissioners

Following a month after the new Chairman of the Antimonopoly Committee of Ukraine was appointed (see here for detail), at the end of June 2015 eight Commissioners were approved by the President to take the office. This finalizes formation of the AMC panel and makes the authority full-functional.

Merger Control Reform

A new draft law reforming merger review has been submitted to the Parliament at the end of June 2015. The most notable amendments include:

• remodeling of notifiability thresholds (2 alternative tests):
• the combined parties' worldwide value of assets or turnover exceeded EUR 30 million and the combined value of Ukrainian assets or turnover of each of at least two parties exceeded EUR 4 million – both in the last financial year; or