RUSSIAEgorov Puginsky Afanasiev & Partners |
"The best choice for solving multilevel issues with a marked Russian character" |
Chambers Global |
40/4 Bol. Ordynka
Moscow, 119017
Tel: +7 (495) 935-8010
Fax: +7 (495) 935-8011
22-24 Nevsky pr.,Suite 132
St.Petersburg, 191186
Tel: +7 (812) 322-9681
Fax: +7 (812) 322-9682
3 Gough Square
London EC4A 3DE
Tel: +44 (0) 20 7822-7060
Fax: +44 (0) 22 7353-5905
Part 1 of article 8 of the Russian Constitution guarantees a shared economic space, the free transfer of goods, services and financial resources, competition support and freedom of economic activity. Part 2 of article 34 of the Constitution prohibits economic activities aimed at monopolization and bad faith competition.
The main regulation governing and ensuring competition is Federal Law No. 135-FZ, dated July 26, 2006, “On the Protection of Competition”. In addition, a number of laws governing certain areas of commercial activity contain provisions aimed at protecting competition:
The scope of the Federal Antimonopoly Service’s is further detailed in Federal Law No. 57-FZ, dated April 29, 2008, “On the Procedure for Making Foreign Investment in Business Entities Having Strategic Importance for State Defense and Security” go to top
The Federal Antimonopoly Service (FAS) and its local agencies serve as the antitrust authority in Russia. The head of the FAS is appointed and dismissed by the Government of the Russian Federation. The organizational structure of FAS includes a central office consisting of departments that cover the main areas of the agency’s operations. The heads of the local offices of the FAS are appointed by the chief of the FAS.
go to topThe FAS is responsible for legally regulating and controlling
The provisions of Russian antitrust law apply to agreements made outside of the Russian Federation between Russian and/or foreign entities or organizations, as well as to the actions they take, if such agreements or actions have any impact on competition in Russia.go to top