Legal Alert: AMCU Clarifies the Impact Sanctions May Have on Merger Clearance in Ukraine

The Antimonopoly Committee of Ukraine (AMCU) has recently issued the Explanatory Note on Improvement of Control over Mergers of Undertakings with Participation of Sanctioned Individuals (Explanatory Note) as to the application of the Law of Ukraine “On Amending Certain Laws of Ukraine on Protection of Economic Competition and on Improvement of Control over Mergers” (Law), which came into force on November 10, 2017.

The Law amended the Law of Ukraine “On the Protection of Economic Competition” (Competition Law) and the Law of Ukraine “On Sanctions” (Sanctions Law) and is aimed at ensuring that no individuals or undertakings, placed under sanctions, benefit from mergers.

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