New Merger Regulation Will Simplify Fillings From 19 August

The AMC completed revision of its procedural rules on merger notifications. The new Merger Regulation significantly reduces disclosure requirements and simplifies filing forms, especially for mergers with no or limited overlaps.

Most notable changes eliminate the requirement to provide:

• detailed information on non-relevant markets – instead, the parties will only have to give a summary of such other activities;
• the list of all group subsidiaries – now, only the Ukrainian ones and those with Ukrainian turnover need to be listed;
• the list of minority shareholdings;
• detailed information on the officers/directors and relatives (subject to conditions);
• some of the documents to be filed along with the notification.