The new "Competition" Law softens liability for collusion when cooperating with the government, - Antimonopoly

Виктор Сизов Exclusive
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- The Antimonopoly Regulation Service under the Ministry of Economy and Commerce has announced the adoption of a new KR Law "On Competition." This draft law has passed its first reading and has been approved by the Jogorku Kenesh.

Pavel Li, head of the investigation department, noted that one of the key aspects of the new version of the law will be the analysis of the economic situation in terms of risks.

Moreover, according to him, an important innovation is the possibility of exemption or mitigation of liability for participants involved in collusion or coordinated actions aimed at monopolization. This means that if a market participant approaches the antimonopoly service and reports the existence of collusion, they may avoid punishment.

In practice, large players with a market share of 40-50% can force smaller participants to join the collusion. Global experience shows that smaller companies are more likely to cooperate with antimonopoly authorities, as they face serious difficulties in paying large fines and legal costs.
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