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Mexico: Congress debates ‘flawed’ antitrust law

By  |  March 18, 2014

Congress has begun debating what has been called a “flawed” antitrust bill by experts as Mexico looks to overhaul its competition policy.

Reports say experts have warned the bill contains vague language that may punish companies for simply being too successful. The legislation looks to prevent market dominance by prohibiting monopolistic practices, say reports.

Among the legislation’s critics is former vide-president of France’s competition authority Anne Perrot, who penned a paper outlining the “problematic elements” in the Mexico bill along with former Greece competition regulator member Assimakis Komninos.

Despite warnings, Mexico is expected to fast-track the bill’s passage as the nation prepares to implement energy and telco competition reforms.

Full Content: Financial Times

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