Chile’s Production and Commerce Confederation, a trade group representing major Chilean companies, announced that they will hire a team of experts ahead of their members’ preparations for expected changes in the country’s competition legislation.
One of the group’s main concerns is the large fines proposed by the new law, which may amount to 30% of total sales during the period when any wrong-doing takes place. These are considerably higher than the international norm, and many consider that they “may affect the economic survival of these companies and irreparably damage the jobs-creating capacity “, according to a spokesman for the group.
The commission appointed to review these laws on behalf of the CPC will meet weekly, elaborating arguments to be presented before the Chamber of Deputies’ economic commission before the Law is settled.
Full content: Revista EI
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI