CONACOM, the new body charged with protecting Paraguay’s markets from the onslaught of monopolies, has revealed the names at the top – Carlos Alberto Filártiga, Fabrizio Augusto Castiglioni and Miguel Osmar Núñez Figueredo- who will now set to work setting down the procedures and guidelines needed to begin their regulatory work. The new authority will focus exclusively on preventing monopolies from forming, and will be constituted as a court to rule over commercial conduct.
“Everything that falls under monopoly prevention is under CONACOM’s jurisdiction, which will be a sort of court to judge the commercial conducts of companies in the National market. ‘ said commissioner Carlos Alberto Filártiga.
The commission is at an early stage, and will have a reduced initial budget for 2016 of 3 billion guaraníes. Filártiga went on to remind his audience that a crucial factor is still missing from the commission, which would be the absence of an Investigating Director, which is still awaiting a public contest for its designation.
Source: Ultima Hora
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Justice Department Moves to End NCAA Transfer Rule
May 30, 2024 by
CPI
Kenya’s Competition Authority Proposes Tougher Regulations on Big Tech
May 30, 2024 by
CPI
KKR Secures EU Antitrust Approval for $24 Billion Acquisition of Telecom Italia’s Fixed-Line Network
May 30, 2024 by
CPI
European Court Sides with Tech Giants in Italian Regulatory Dispute
May 30, 2024 by
CPI
US Steel and Nippon Steel Secure International Approvals for $14.9B Merger
May 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI