Does Mexico have antitrust laws?
Does Mexico have antitrust laws?
Finally, a new general competition law was introduced in 1993, when Mexico adopted the Federal Law of Economic Competition (LFCE) and created the Federal Competition Commission (CFC) to enforce it. The LFCE is the current governing law on Mexican antitrust and competition policy.
What is an example of an anti trust law?
An example of behavior that antitrust laws prohibit is lowering the price in a certain geographic area in order to push out the competition. For example, a large company sells widgets for $1.00 each throughout the country. Another company goes into business and sells widgets just in California or $. 90 each.
What are the big 3 anti trust laws?
Prohibition on: (1) anti-competitive agreements, (2) abuse of dominant position, and (3) anti-competitive mergers and acquisitions.
Are monopolies allowed in Mexico?
Article 28 of the Mexican Constitution, which prohibits monopolies and monopolistic practices.
Is price fixing illegal in Mexico?
Under Mexican law, bid rigging, price fixing, and similar horizontal collusion are considered absolute monopolistic practices, analogous to actions that would be per se illegal under U.S. antitrust laws. These authorities are active in enforcing the Mexican competition law across all sectors of the Mexican economy.
What are anti trust violations?
Violations of laws designed to protect trade and commerce from abusive practices such as price-fixing, restraints, price discrimination, and monopolization. The principal federal antitrust laws are the Sherman Act (15 U.S.C. §§ 1-7) and the Clayton Act (15 U.S.C. §§ 12-27).
Why is it called anti trust?
Antitrust law is the law of competition. Why then is it called “antitrust”? The answer is that these laws were originally established to check the abuses threatened or imposed by the immense “trusts” that emerged in the late 19th Century.
What was considered an illegal activity under the Sherman?
The Sherman Act outlaws “every contract, combination, or conspiracy in restraint of trade,” and any “monopolization, attempted monopolization, or conspiracy or combination to monopolize.”
What were the 3 things Mexico has monopolies on?
The Federal Telecommunications Institute (FTI) of Mexico has taken a tough stance on three monopolies in the telecommunications and TV industries sector. Phone companies Telcel and Telmex, and Mexican TV firm Televisa were told to open up the industries to competition from foreign and domestic competitors.
What are examples of antitrust violations?
The types of illegal practices that antitrust laws target include the following: Predatory acts to achieve and maintain a monopoly. Price-fixing conspiracies. Corporate mergers that have the potential to reduce competition in particular markets.
When was the most aggressive period of antitrust enforcement?
The institutional and legal precedents begun under Arnold’s tenure at Justice extended through the 1960s, contributing to what some historians have termed the New Deal order and constituting the peak period of antitrust enforcement.
Where does anti trust come from?
The Sherman Act, the Federal Trade Commission Act, and the Clayton Act are the key laws that set the groundwork for antitrust regulation. Predating the Sherman Act, The Interstate Commerce Act was also beneficial in establishing antitrust regulations, although it was less influential than some of the others.
Which is the best antitrust law firm in Mexico?
Key support comes from specialized senior associate Juan Carlos Burgos. ‘ That it is a team with vast experience in competition and antitrust law, reliable and constantly updated. Galicia is a very important law firm in Mexico and of course it compares favourably with others.
Are there any antitrust restrictions on Uber in Mexico?
Counsel to Uber and its affiliates in litigation against the competition limitations imposed by the Mexico City government, successfully obtaining an injunction suspending the limitations.
Who was antitrust counsel for Cornershop sale to Walmart?
Antitrust counsel to Cornershop on its $225m sale to Walmart; while the merger was ultimately blocked, the case constituted the first in which COFECE analysed a digital merger with multifaceted markets involving both digital and traditional retail.