Pedro Páez, head of Ecuador’s Superintendence for Market Power and Control, has announced that his agency will launch an investigation on a number of companies dedicated to the sale and manufacture of tissue paper in order to determine whether any violations to the country’s competition laws have occurred. The move, the superintendent admits, is motivated by the recent results of similar investigations in Chile, Colombia and Perú.
“We in Ecuador are looking into this as a result of the outcomes of investigations taking place in our neighbor countries, precisely because it’s beneficial for us to take advantage of the ‘wind sock’ effect and follow the directions of those before us”, said Mr. Paez.
The superintendent confirmed that the case was initially motivated by revelations of a similar price-fixing case in Chile involving major companies, such as Chile’s own CMPC and Sweden’s SCA. Both companies have a foothold in Ecuador, through their local affiliates (CMPC TIssue Ecuador and TENA, respectively.)
Full Content: Diario Financiero
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
European Music Streaming Firms Rally Against Apple’s Proposed Remedies
May 9, 2024 by
CPI
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
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI