A new bill presented to Colombia’s congress will seek to deter anticompetitive practices by strengthening the current investigative and retribution capabilities of regulators. Among the most prominent lie recommendations to improve the benefits awarded for voluntarily collaborating with authorities.
The initiative, which adopts a series of recommendations by the OECD group of countries, would seek to deter monopolistic practices by providing judicial security and protecting the confidentiality of any whistleblowers who come forward with information regarding competition violations they have participated in. However, once competition regulators issue a ruling on the matter, the whistleblower’s existence and identity would be revealed.
Additionally, whistleblowers would be elegible to receive a series of benefits for informing regulators of non-cartel competition violations, such as full immunity from penalties.
Source: Ambito Juridico
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