Global Legal Update (#07-08 July-August 2014)

Effect-based Approach in Merger Control

by Iryna S. Fomina, Anastasia A. Usova

In today’s dynamic world competition has become a basis for economic development, which has so far been the best booster of economic growth. The last two decades have witnessed an impressive growth of fast developing sectors such as IT, pharmaceuticals, energy, with markets facing a significant intensification of competition. The Antimonopoly Committee of Ukraine (the AMCU) plays an important role in protecting effective competition with a particular focus on merger control, which is evidenced by a notably large number of merger reviews that grows year by year…

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