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Arzinger Legal Alert: The AMCU imposed a large fine for gun jumping
ARZINGER law firm,
Kyiv, Ukraine, Fri, Mar 10, 2017
In the very end of 2016 Ukrainian antitrust authority, the Antimonopoly Committee of Ukraine (the AMCU), imposed a large fine of approx. EUR 110,000 for gun jumping. The said fine is unprecedented from perspective of merger control-related penalties in Ukraine which previously ranged from approx. EUR 1,000 to EUR 10,000.
The merger in question was qualified by the AMCU as gaining of control over the target by means of appointing of one of acquiring party's managers to the position of the head of the supervisory board of the target.
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