Tuesday, January 14, 2014

Amendments to Russia's Competion Law Take Effect January 30th

On 28th December 2013, Vladimir Putin signed No. 423-FZ Federal Law “On Introducing Amendments to the Federal Law On Protection of Competition”, which will come into force on January 30, 2014. The amended package excludes notification control over some transactions (actions) of economic concentration.  In addition, the package considerably reduces administrative burden upon small and medium business by allowing the Federal Anti-Monopoly Service and other antimonopoly bodies to focus on the largest transactions with a goal of increasing efficiency of the antimonopoly regulation in the Russian Federation.


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