In Focus (#5-6 May-June 2021)

Big Picture Vision

Protection of economic competition generates benefits for society. Nevertheless, driven by the global consequences of economic downturn and local specifics, competition policy-making cannot be addressed from a single perspective, but requires that a much broader agenda be borne in mind.

The modernization of competition law, which has been continuing over the past few years, anticipates substantial changes, namely introduction of new merger control thresholds, settlement procedures, joint and several liability, an improved leniency program, etc. The discussion around replenishing institutional frontiers and capacities of the competition authority as well as its investigative powers is another topical issue.

Yuriy Terentyev, our Cover Story hero, definitely has a big picture vision of the competition landscape in Ukraine, as he headed the Antimonopoly Committee of Ukraine over the period of 2015-2020, so he knows the regulator’s policy-making and enforcement process as well as upcoming international trends in this sphere.

I’m also happy to announce that our extensive legal market research publication, Ukrainian Law Firms 2021, is approaching the finishing line. Stay tuned!

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