You're reading: Antitrust agency initiates increase in limit for receiving permits to build up stakes from € 12 m to € 30 m

The Antimonopoly Committee of Ukraine has initiated an increase in the limit for receiving permits to build up stakes from € 12 million to € 30 million, First Deputy Head of the Antimonopoly Committee of Ukraine, Rafael Kuzmin, said at a briefing in Kyiv on June 14, 2013.

He said that the draft law was sent to the parliamentary committee for entrepreneurship, regulatory and antimonopoly policies.

According to Ukrainian law, there are several cases of coordinated
actions by companies that do not require receiving permits from the
Antimonopoly Committee, in particular, if the total share of all
participants of the coordinated actions does not exceed 5 percent. In addition,
if no participant is a monopolist on the market and has exclusive
powers from power agencies a permit is also not required.

If the total value of the assets or the total sales of goods of all
participants over the latest financial year, including abroad, exceeds € 12 million (the limit), and if the cost of assets or the total sales
of at least two of the participants exceeds EUR 1 million (the limit), a
permit is required.

The Antimonopoly Committee initiates the increase of the two limits to € 30 million and € 2.5 million respectively.

Kuzmin said that the draft law also says that the fee for receiving the permits is increased.

He said that the submission of the said amendments is a step of
brining the antimonopoly laws of Ukraine in line with the EU laws.

The committee in 2009 initiated the increase of the limits from €12 million to € 50 million and from € 1 million to € 4 million,
although lawmakers did not support the initiative.