The European Antitrust Review 2013

Ukraine: Merger Control

In June 2012, the representatives of the Antimonopoly Committee of Ukraine (AMC) agreed that one of authority’s key tasks is the prevention of prejudicial economic concentrations and the identification of breaches of merger control regulations by market operators. Shortly after, on the authority’s official website, there was an announcement that, starting from July 2012, the AMC intended to apply maximum allowed fines to the companies that failed to notify the AMC on transactions requiring prior approval. According to the applicable laws, said failure to notify the AMC (when it is applicable) may be subject to penalties of up to 5 per cent of the company’s (or group of companies’) worldwide turnover.