The Antimonopoly Committee of Ukraine (AMCU) has once again upheld the position of the Asset Recovery and Management Agency (ARMA) regarding the establishment of qualification criteria for selecting managers of seized assets through public tenders.

By its decision, the AMCU dismissed the complaint filed by VIRUS MUSIC LLC, which alleged that the requirements in the tender for managing Zhovtnevyi Palace in Kyiv were discriminatory. The Committee found that the conditions of the competition were neither discriminatory nor in violation of public procurement legislation. On the contrary, it concluded that the criteria were justified, considering the asset’s significant value and the complexity of its management.

Zhovtnevyi Palace is a historic and cultural landmark in the heart of Kyiv, situated on the slopes above Maidan Nezalezhnosti. With a total area exceeding 17,500 m², it has long been a key cultural venue in the capital and is currently under ARMA’s management.

In March 2025, the Agency announced an open competition to select a manager, setting a number of requirements — including the obligation to ensure a minimum monthly management income of at least UAH 2 million. All proceeds are to be directed to the State Budget of Ukraine.

The competition is currently ongoing.