Arzinger Alert. The AMCU amended rules on amnesty for mergers closed in the past
LEGAL ALERT - ARZINGER law firm,
Kyiv, Ukraine, Fri, March 11, 2016
Following the policy of supporting our current and potential clients at all stages of their activities in Ukraine, we would like to inform you that as reported in our latest Legal Alert on February 16, 2016 the AMCU made a number of important amendments to its Recommendations on the fine amount calculation for competition laws infringements (http://arzinger.ua/files/file/LEGAL%20ALERT_eng.pdf).
The amendments inter alia touch upon the amnesty for mergers closed in the past. To recall, the amnesty was announced on September 15, 2015, - the day of Recommendations adoption (http://arzinger.ua/press/newsletter/antitrust/page-2/101710/).
Amnesty’s main idea was provision of flat fines amounts to self-reporters for past mergers lacking clearance of Ukrainian antitrust authority. The mergers in question had to be closed before amnesty announcement to fall under it. Validity period: September 15, 2015 – September 15, 2016. The fine amount depended on the date of self-report.
Please use the link to download the alert.
Should you have any questions regarding the information contained herein, please do not hesitate to contact us.
Managing partner, Head of Antitrust and Competition Practice
Partner, Head of Antitrust and Competition Practice