In early 2016, the European Bank for Reconstruction and Development (EBRD) launched a project to harmonise and unify legislative and regulatory frameworks in Ukraine.
Its aim is to provide training to the Anti-Monopoly Committee of Ukraine (AMCU), enhancing the professional capacity and mastery of key staff as well as providing technical assistance in specialised aspects of competition policy.
The EBRD also required that the training address the microeconomic underpinnings of competition policy, regulations and econometric methods.
Under the leadership of CMS Kyiv partner Maria Orlyk, CMS was instructed by the EBRD to design and carry out the in-depth training programme.
A multi-office CMS team consisting of lawyers from our Budapest, Hamburg, Kyiv, Stuttgart, and Vienna offices began a series of training events in Autumn 2016. They incorporated best practices from the EU in detecting anti-competitive behaviour, econometric techniques and conducting dawn raids. In particular, they shared our knowledge on monopoly and price discrimination and their consequences, dominant market position and its abuse and parallel behaviour and restrictive agreements.
The team also included competition economist Vincent Verouden, a director at the consultancy E.CA Economics and former deputy chief economist of the Directorate-General for Competition of the European Commission.
Maria Orlyk said, “The training events are proving to be very successful and we believe this project to be an important step in the long-term harmonisation of Ukraine’s complex merger and anti-monopoly rules. The AMCU is hiring very smart people and we are excited about collaborating with them and the EBRD going forward.”
CMS Stuttgart partner Harald Kahlenberg commented, “Ukraine aims to build a sophisticated regulatory framework and our sessions on competition law and economics have been particularly well received by staff. By including lawyers and economists on our team, we aim to give a comprehensive yet practical analysis of how western competition regimes work in practice.”
The project began in February 2016 and is estimated to last for three years.