Curacao will welcome a competition regulator next year, according to the Minster of Economic Development, say reports.
Minister Stanley Palm announced last week that an authority to promote competition in the nation seems a natural advancement for the nation following an inquiry by the Ministry of Economic Affairs. That inquiry reportedly found monopolies in various markets within the nation.
Further, Palm said, the study found evidence of possible collusion and price-fixing in various companies and sectors throughout the island, especially within road construction, pharmaceuticals and telecommunications.
The process to establish a competition regulator began for Curacao in 2008 and authorities reportedly sought aid from the Netherlands on how to establish such a government body. The nation has also drafted the Competition Act, which will require passage from Parliament.
Full Content: Curacao Chronicle
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