A PYMNTS Company

Colombia: Actions affecting competition should consult SIC, or lose validity: Legal Defense Agency

By  |  August 6, 2019
The Legal Defense Agency of the State of Colombia has determined that administrative decisions that affect free competition should be consulted with the Superintendence of Industry and Commerce before being issued, otherwise such resolutions could lose their validity.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Camilo Gómez Alzate, director of the ADJ, along with the Superintendent of Industry and Commerce, Andrés Barreto, reminded the State entities that all administrative acts that “may have an impact on free competition in the markets” must previously go through the SIC, thus strengthening the competition regulator.

    Barreto and Gómez also reminded the other entities that “not complying with this requirement means anullment of the administrative act for irregular issuance and violation of the rules on which it should be based.”

    Full Content: Asuntos Legales

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.