OREANDA-NEWS. July 02, 2012. The Head of FAS Department for Control over Electric Power Industry, Vitaly Korolyov, and Deputy Head of Tatarstan OFAS Russia, Lenar Shafigullin, took part in a workshop on control over corporate mergers – “New Corrective Measures for Corporate Mergers and Analyses of Such Trasactions”, organized by the OECD Regional Competition Centre in Budapest (Hungary), reported the press-centre of FAS Russia.  

Attendees included representatives of OECD, the General Directorate on Competition of the European Union, the U.S. Federal Trade Commission, the U.K. Competition Commission, Hungarian Competition Authority, and antimonopoly bodies of Israel, Macedonia, Ukraine, Serbia, Kosovo, Moldova, Romania, Bosnia and Herzegovina, Albania, Croatia, Armenia, Georgia, Belarus, Kazakhstan and Azerbaijan.

Vitaly Korolyov made a presentation about FAS practice of applying structural and conduct requirements to approve transactions as part of control over economic concentration in Russian electric power industry. In particular, he talked about possibility to apply such requirements simultaneously or alternatively (observing conduct requirements before structural measures are applied).

“It is exceptionally interesting to learn about practice of antimonopoly bodies on control over mergers and acquisitions and approaches to establishing and fulfilling structural and functional requirements, issued by antimonopoly authorities working in different legal and economic systems. FAS experience in this field was highly commended as innovative, and I hope that our colleagues from other countries will be able to employ in practice the knowledge and experience obtained at the workshop”, pointed out Vitaly Korolyov.

“In spite of different approaches applied by competition authorities of various countries, and evaluations of the consequences of mergers and acquisitions, it is possible to emphasize uniformity of approaches towards the value of developing competition and importance of strengthening international cooperation in this field to enhance efficiency of antimonopoly control, in particular, over transnational transactions”, stated Lenar Shafigullin.