Peru’s Consumer Defense Commission, part of the country’s Congress, is seeking approval for a proposed legislation that would force companies to obtain a preliminary evaluation and approval from the country’s competition regulator INDECOPI, before initiating any M&A transactions.
The proposed law calls for prior evaluation of all acts of business concentration, authorizing only those which do not cause harm to the market’s effective competition, or which demonstrate sufficient economic efficiency gains to compensate said restrictive effects by passing benefits on to consumers.
The law, in a previous version, was first presented by the commission’s Nationalist bench back in April of 2011, and has been approved by the same commission. However, the Economics Commission has so far withheld their approval. Current legislation only requires similar preliminary reviews for mergers in the electric and energy sectors.
Source: Entorno Inteligente
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Honda and Nissan Face Challenges in China Amid Potential Merger
Jan 23, 2025 by
CPI
Trump Criticizes EU’s Tech Crackdown, Calls It ‘A Form of Taxation’
Jan 23, 2025 by
CPI
Meta Faces Fresh Allegations of EU Law Breaches in Subscription Service Rollout
Jan 23, 2025 by
CPI
European Commission Investigates Crypto Rules for Cross-Border Stablecoins
Jan 23, 2025 by
CPI
Senate Bill Aims to Ban Anti-Competitive Rent-Setting Software in Washington
Jan 23, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon