Ukrainian Competition Authority Adopts New Merger Clearance Regulation

The new Merger Clearance Regulation that entered into force on 19 August 2016, can be considered as another step towards harmonizing Ukrainian legislation with EU law. The Regulation, though not yet ideal, contains a number of positive developments that we expect significantly to simplify, shorten and make the process of gathering required information by notifying parties as well as the merger filing process itself more cost-efficient.

On 19 August 2016, the new Merger Clearance Regulation (the "Regulation") entered into force. The adoption of the Regulation can be considered as another step towards harmonizing Ukrainian legislation with EU law. The Regulation significantly reduces the scope of information that must be provided to the Ukrainian competition authority (the "AMC") to obtain merger clearance.