Russia merger control
Produced in partnership with ALRUD Law
Practice notesRussia merger control
Produced in partnership with ALRUD Law
Practice notes
A conversation with Vassily Rudomino, senior partner, Roman Vedernikov, senior associate and Alexander Artemenko, senior associate at Russian law firm ALRUD on key issues on merger control in Russia. .
NOTE–to see whether notification thresholds in Russia and throughout the world are met, see Where to Notify.
1. There have been recent developments regarding the Russian merger control regime. What are the main points of interest and are any further updates/developments expected in the coming year? Are there any other ‘hot’ merger control issues in Russia?
Merger control rules in Russia are set out in the Federal Law No 135-FZ dated 26 July 2006 'On Protection of Competition' (the Competition Law) as well as by decrees and guidelines of the Russian competition authority, the Federal Antimonopoly Service of the Russian Federation (the FAS) which regulates the procedure and peculiarities of the merger control clearance.
Except for the general procedures and rules established by the Competition Law, there is also a specific regulation for foreign investments (the Federal Law No 160-FZ dated 9 July 1999 'On Foreign Investments in the Russian Federation',
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Jurisdiction(s):
United Kingdom
Key definition:
Merger control definition
What does Merger control mean?
The merger control rules of the UK are contained in the enterprise Act 2002, as amended. Under the UK merger control rules, the competition and markets authority has jurisdiction to review both completed and anticipated merger transactions provided there is a ‘relevant merger situation’. The UK rules do not generally apply to mergers in relation to which the European Commission has exclusive jurisdiction under the EU Merger Regulation. Where the transaction falls within the scope of any national or supranational (eg the EU or COMESA) merger control rules, it is common for the parties to the agreement to agree that the transaction shall be conditional upon merger control approvals having been received and no relevant competition authority having raised objections to the transaction (Enterprise Act 2002).
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