Russia Watchdog To Propose New Antitrust Department

Law360, New York (September 20, 2006, 12:00 AM EDT) -- Russia’s antimonopoly authority is taking steps to create an antitrust department at the Interior Ministry as the country becomes more seriously involved in combating competition law violations.

The Federal Antitrust Service (FAS), the executive agency in charge of preventing monopolistic abuse in Russia, is also working with the Economics Ministry and the Interior Ministry to draft amendments to the criminal code in order to regulate accountability for breaches of antitrust law.

"The ministry has a section for monopoly investigation, but it is small so far. We...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.