Russia

• Pages: 1-44

CHAPTER 17

RUSSIA

Russia-3

CONTENTS

A. OVERVIEW ............................................................................................................ 5

1. General Policies Underlying Competition Laws ......................................... 5

a. Introduction......................................................................................... 5

b. Principal Objectives ............................................................................ 6

c. Role of Economic Doctrines and Analysis ......................................... 6

2. Overview of Applicable Statutes ................................................................. 7

3. Overview of Enforcement Agencies ........................................................... 8

4. Additional Policy and Practical Considerations .......................................... 9

B. SUBSTANTIVE LAW ............................................................................................ 10

1. Horizontal Agreements and Concerted Practices ...................................... 10

a. General .............................................................................................. 10

(1) Agreements .............................................................................. 10

(2) Concerted Practices .................................................................. 10

(3) Prohibited Agreements and Concerted Practices...................... 10

(4) Exemptions ............................................................................... 11

(5) Hardcore Restrictions ............................................................... 12

(6) Recent Developments ............................................................... 12

b. Sanctions ........................................................................................... 12

(1) Administrative Liability ........................................................... 12

(2) Criminal Liability ..................................................................... 13

c. Recent Practice ................................................................................. 14

d. Leniency ........................................................................................... 14

e. Cartel Enforcement ........................................................................... 15

(1) General ..................................................................................... 15

(2) Initiation of Investigations........................................................ 15

(3) Inspections ................................................................................ 16

(4) Duty to Cooperate .................................................................... 16

(5) Investigation Committee .......................................................... 16

(6) Investigation Committee Decisions and Orders ....................... 17

(7) Other Possible Consequences ................................................... 17

(8) Right of Appeal ........................................................................ 17

2. Mergers and Acquisitions .......................................................................... 18

a. Transactions Covered ....................................................................... 18

(1) General ..................................................................................... 18

(2) Intra-Group Transactions ......................................................... 19

(3) Joint Ventures ........................................................................... 19

(4) Foreign Transactions ................................................................ 20

b. Notification and Procedure ............................................................... 21

(1) Jurisdictional Thresholds .......................................................... 21

(2) Notification Procedures ............................................................ 21

(3) Confidentiality .......................................................................... 24

(4) Sanctions for Failure to Obtain Clearance................................ 25

c. Substantive Assessment .................................................................... 26

(1) General ..................................................................................... 26

(2) Remedies and Conditions Precedent ........................................ 27

d. Special Sectors .................................................................................. 28