August 2023 – Yesterday, 9 August 2023,
the Ukrainian parliament adopted long-awaited amendments to the
country's competition law (the
"Amendments"), which is the first step
towards an extensive overhaul of Ukraine's antitrust and merger
control rules. The Amendments are pending the signature of the
president and are expected to come into force on 1 January 2024
(except for certain provisions, which will take effect after the
cancellation of martial law).
Although the final text of the Amendments is not yet available,
it has been reported that the key changes are aimed at: i) the
implementation of additional antitrust rules to boost the leniency
program in Ukraine, ii) the introduction of the concept of the
infringer's joint and solidary responsibility, iii) the
introduction of the possibility of a settlement agreement with the
Antimonopoly Committee of Ukraine (the
"AMC"), and iv) setting certain time
limits for the AMC's investigations. It is also
