Changes to Russia's Antimonopoly Regulations

    August 2009

    Major changes in Russian antimonopoly regulations were introduced by recent amendments to the Federal Law “On the Protection of Competition,” the Administrative Offences Code of the Russian Federation, the Criminal Code and related laws. The newly adopted amendments significantly alter the legal framework of antimonopoly regulation affecting a broad range of activities. In particular, the amendments loosen restrictions and establish exemptions with respect to certain commercial agreements (e.g. distribution), reduce the scope of state control over material equity and asset sale transactions, expand authority of the Federal antimonopoly service of the Russian Federation (FAS) and modify the rules on government procurement, granting of state preferences and transfer of state property. The amendments also also enhance administrative and criminal responsibility for violation of antimonopoly laws.

     

    In the attached presentation, Squire Sanders associates Yana Dianova and Larissa Tikhomirova examine in further detail the changes in antimonopoly regulation.