Ukraine has amended its merger control regime with the aim
of shortening the review process. Though the changes are
welcomed, counsel are confused by the retention of the
seller’s assets and turnover in the merger review
On January 26 the Ukrainian Parliament passed the new
competition act, which is awaiting sign off from the
country’s president. The changes are due to come
into force before the end of April.
The amendments are expected to shorten the merger control
review process, with foreign-to-foreign transactions likely to
benefit from the overhaul.
But some unnecessary hurdles remain. The law continues to
lack a second domestic turnover threshold and crucially,
still includes the seller's assets...