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Competition law plays an enormous role for development of the economy of Ukraine. Association Agreement signed with the European Union pushed Ukrainian Competition Authority to move forward and fight against anticompetitive agreements. Anti-Monopoly committee of Ukraine has quite sufficient experience in investigation and fighting against cartel agreements. Despite the fact that Ukrainian government gives all efforts for creating free and undistorted competition on the market and tries to maintain market without any restrictive agreements, there are many challenges and gaps to be improved. This paper points out authority and competence of AMCU, recent changes and current gaps in Ukrainian competition law. ; Competition law plays an enormous role for development of the economy of Ukraine. Association Agreement signed with the European Union pushed Ukrainian Competition Authority to move forward and fight against anticompetitive agreements. Anti-Monopoly committee of Ukraine has quite sufficient experience in investigation and fighting against cartel agreements. Despite the fact that Ukrainian government gives all efforts for creating free and undistorted competition on the market and tries to maintain market without any restrictive agreements, there are many challenges and gaps to be improved. This paper points out authority and competence of AMCU, recent changes and current gaps in Ukrainian competition law.

This article points out the first steps of the cartel settlement and Leniency Program in European Union and positive sides of the mentioned tool for the companies participating in the anticompetitive agreements. Cartel Settlement and Leniency Program played an enormous role for the market to be undistorted and free from any type of anticompetitive practices. It is also worth to mention that introducing of Settlement notice as well as Leniency Program played crucial role for Commission and as well for undertakings to find fastest way out from the anticompetitive practices to settle and protect free and undistorted competition on the market. Both tools are very beneficial and useful for competition and its further development. ; This article points out the first steps of the cartel settlement and Leniency Program in European Union and positive sides of the mentioned tool for the companies participating in the anticompetitive agreements. Cartel Settlement and Leniency Program played an enormous role for the market to be undistorted and free from any type of anticompetitive practices. It is also worth to mention that introducing of Settlement notice as well as Leniency Program played crucial role for Commission and as well for undertakings to find fastest way out from the anticompetitive practices to settle and protect free and undistorted competition on the market. Both tools are very beneficial and useful for competition and its further development.

This article points out the aim and purpose of the competition law in the European Union. Competition law is one of the most crucial and essential part of law that has to be implemented properly to support and ensure smooth functioning of the economy in the state. At the same time, brief explanation of the most anticompetitive agreements such as called "Cartel Agreements" are being described in the article. It is worth to point out the most important and restrictive types of agreements in details that can be seen on the market and within the European Union, that definitely needs special attention by the relevant competition authorities of the Member States. ; This article points out the aim and purpose of the competition law in the European Union. Competition law is one of the most crucial and essential part of law that has to be implemented properly to support and ensure smooth functioning of the economy in the state. At the same time, brief explanation of the most anticompetitive agreements such as called "Cartel Agreements" are being described in the article. It is worth to point out the most important and restrictive types of agreements in details that can be seen on the market and within the European Union, that definitely needs special attention by the relevant competition authorities of the Member States.