Transactions for the acquisition of more than 25% of a share package may be subject to antitrust control with a total annual revenue of 1 billion soms

Владислав Вислоцкий Economy
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- According to the draft law posted on the website of the Jogorku Kenesh, transactions for the acquisition of more than 25% of shares or stakes, as well as the transfer of control, are subject to antimonopoly control.
The draft of the new edition of the law contains Article 21, which regulates economic concentration. This article states that transactions related to the acquisition of more than 25% of shares (stocks, stakes) must notify the Antimonopoly Regulation Service in advance.

The obligation to notify will arise if the total revenue (income) of organizations (or their groups) from the sale of goods and services for the calendar year preceding the year of the merger exceeds 1 billion soms.

The draft law was submitted by the Cabinet of Ministers for consideration by the Jogorku Kenesh at the end of February.
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