Expert Opinion (#04 April 2016)

Ukrainian Competition Law: Recent Milestones in Development

Iaroslav V. Medvediev, Andriy M. Gumenchuk

The period 2015 — early 2016 was a very fruitful one for Ukrainian competition law and its regulatory framework. On 19 May 2015 Yuriy Terentyev, former deputy CEO, chief legal counsel of ArcelorMittal Kryvyi Rih, was appointed Head of the Antimonopoly Committee of Ukraine (AMCU). Throughtout the summer of 2015 the President of Ukraine appointed new state commissioners of the AMCU, thereby refreshing the looks of Ukrainian competition authority by experienced professionals with business background.

Such appointments have already made a contribution to reforming Ukrainian competition law. The Ukrainian Parliament and AMCU addressed the long-expected requests of the European Union, Ukrainian business community and foreign investors and introduced essential legislative changes, which are aimed at the overall improvement of domestic competition law.

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