Welcoming Vertical Concerted Practices Regulation In Ukraine

On 5 December 2017, the Typical Requirements for Vertical Concerted Practices of Economic Entities (the "Regulation") entered into force. By adopting this regulatory act, the Antimonopoly Committee of Ukraine (the "AMC") aimed to harmonize national treatment of vertical agreements with EU Commission Regulation 330/2010 ("VBER"), as well as to improve the existing regulations of agreements on supply, distribution, and use of products.

The Regulation introduces a number of novelties, including brand new legal definitions, outlines types of vertical agreements falling under the exemption from the AMC's approvals, as well as defines hardcore and excluded restrictions of vertical concerted actions. Among ample developments conveyed through the Regulation, the following provisions were implemented: