Orientation in antimonopoly requirements is of high value for conducting a successful business in Belarus and preventing unfair competition. Otherwise, fines from the state and obstacles to achieving high business goals are possible. We tell you what you need to know about the antimonopoly authority in the Republic of Belarus and its requirements, what disputes may arise with the participation of the antimonopoly authority and competitors and how we can help in resolving such disputes.
Antimonopoly authority in the Republic of Belarus
The antimonopoly authority in the Republic of Belarus is the Ministry of Antimonopoly Regulation and Trade (MART). Complaints of companies and individuals related to violations of antimonopoly legislation and unfair competition are considered by MART.
In certain cases, it is necessary to coordinate with MART issues in the field of reorganization and creation of companies, creation of holdings, obtaining the right to manage the company. This is the so-called «antimonopoly control». Consent should be obtained when the listed business processes may affect the state of competition. For example, such cases include a situation when the book value of the assets of the acquirer or the business entity in respect of which the rights are acquired is more than 200,000 basic units.
When a client plans to reorganize or create a company, purchase shares of another company, we recommend you to contact our lawyer, who will study the accounting documents, the structure of the company’s management bodies and assess the need to obtain the consent of the client. When such consent needs to be obtained, our lawyer will prepare the necessary documents and, under a power of attorney, ensure their transfer to MART to obtain consent.