ABSTRACT

Russian competition law also contains rules on the control of mergers and acquisitions or state control over economic concentration. While Western European law is the undoubted model, the specific nature of the Russian economy has been taken into account in the competition legislation, which provides possibilities for intervention into acts and actions tending to restrict competition as well as into the monopolistic activities of public authorities. Competition law relations may be regulated also by the normative acts subordinated to the law such as the decrees of the Government and the normative acts of the Federal Antimonopoly Authority in cases directly provided for in the antimonopoly legislation. The Competition Law also includes the norm on its extraterritorial application. According to this, the rules of the Competition Law are also to be applied to agreements between Russian and or foreign persons or organizations and their acts made outside the territory of the Russian Federation.