Requirements To Concentration Filings Changed

On 26 January 2016, the Parliament of Ukraine adopted the Law of Ukraine "On Amendments to the Law of Ukraine 'On Protection of Economic Competition' concerning the increase of efficiency of control over economic concentrations" (the Law).

The Law establishes:

1. New and higher thresholds which, once satisfied, require prior concentration approval by the Anti-Monopoly Committee of Ukraine, in particular when:
   • The aggregate value of assets or aggregate sale turnover of the goods of participants in concentration, taking into account relations of control, in the preceding financial year, including outside of Ukraine, exceeded the amount being the equivalent of €30 million, wherein value (aggregate value) of assets or sale turnover (aggregate turnover) in Ukraine of at least two participants in concentration, taking into account relations of control, each exceeded the amount being equivalent to €4 million; or