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