Newsletter: New Approach to Professional Ethics in Ukrainian Competition

Law on Protection against Unfair Competition (Law) stipulates that undertakings may draft Rules of professional ethics in a competition (Rules) for the relevant areas of economic activity. Such rules may be drafted with the assistance of the Chamber of Commerce of Ukraine or other interested organizations.

Adopted by the Committee and registered by the Ministry of Justice, the Procedure of approving the rules of professional ethics (Procedure) entered into force on October 1, 2019. The Procedure provides for requirements to the Rules and the procedure of submitting, considering and approving the Rules by the Committee.

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