A PYMNTS Company

Collusive Tendering: The Paradigmatic Case for Public Entities

 |  July 26, 2016

By: Emilio Jose Archila Penalosa & Camilo Pabón Almanza

    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.

    While some investigations are conducted on the so-called “procurement cartels” in Colombia, a major institutional shift has been generated to protect public tenders. Thus, since 2009 the Superintendency of Industry and Commerce created an anticollusion group, opened over 30 preliminary inquiries related to bid rigging, the Congress enacted Act 1474 of 2011 to criminalize cartels in public procurement and, therefore, the Attorney General’s Office entered as a relevant institutional actor to prosecute such unlawful conduct. However, little has been said about what action should public servants take when they suspect collusive behavior, the risks of their actions and the convictions that can be set out years later.

    Full Content: SSRN

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