Competition Law at Ukraine
Here’s an overview of Competition Law in Ukraine:
⚖️ Legal Framework
Competition law in Ukraine is primarily governed by the Law of Ukraine on Protection of Economic Competition (adopted in 2001 and amended several times).
The law aims to prevent monopolistic behavior, unfair competition, and to ensure a competitive market environment.
Ukraine’s competition rules are broadly aligned with European Union competition principles, supporting Ukraine’s integration efforts with the EU.
📜 Key Provisions
Anticompetitive Agreements
Prohibits agreements between businesses that restrict competition, such as cartels, price-fixing, market allocation, and bid-rigging.
Abuse of Dominant Position
Companies holding a dominant position are prohibited from abusing it, e.g., through unfair pricing, refusal to deal, or discriminatory terms.
Merger Control
Transactions meeting certain thresholds must be notified to the Antimonopoly Committee of Ukraine (AMCU).
The AMCU reviews mergers and acquisitions to prevent the creation or strengthening of a dominant market position.
Unfair Competition
The law also addresses unfair competition practices like misleading advertising, unauthorized use of trademarks, and other unethical business conduct.
🏢 Enforcement Authority
The Antimonopoly Committee of Ukraine (AMCU) is the key enforcement body.
AMCU investigates anti-competitive conduct, reviews mergers, and can impose fines and other sanctions.
It also promotes competition advocacy and market monitoring.
🔍 Recent Trends
Focus on sectors like energy, telecommunications, and agriculture.
Strengthening enforcement powers and procedural efficiency.
Increased cooperation with EU competition authorities, especially post-Ukraine’s association agreement with the EU.
Efforts to address digital economy challenges and platform regulation.
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