Main page / Major Events of the Month /

Antitrust Agency to increase limit of deals requiring permission to $400mln

Author: Olga Vasilyeva Section: Major Events of the Month

Issue: October 2008, Vol.3, No. 9

Tags: FAS Artemiev

print-friendly version

Permission Limit

The Federal Antimonopoly Service (FAS) has proposed raising the size of deals requiring official clearance from the current level of $120mln to $400mln, FAS Director Igor Artemiev said. The new measure will remove up to 10,000 deals from seeking antitrust permissions. “In our opinion, all deals, whose market values are lower than the new limit, are not very important, from the point of view of antitrust laws. Besides, we have huge workloads going after the really large ‘fishes, especially those swimming in the wrong direction’ of the laws.”