Mexico: Telephone workers syndicate keeps up pressure against Telmex breakup
The Union of Telephone Operators of Mexico will increase its efforts to avoid the functional breakup of Teléfonos de México(Telmex), looking for the company to keep the workforce under a single company. For this, the group of telephone industry workers announced a series of protest demonstrations nationwide. “The Telephone Operators have initiated mobilizations throughout the […]
Colombia: Record fine set against UBER
The Superintendence of Industry and Commerce of Colombia ratified a major fine against the local branch of Uber, for breaching the recommendations and orders imposed by the authority. Three individuals were also sanctioned for having collaborated with the obstruction of dawn raids carried out in 2017. During the visit, the SIC stated, the company sought […]
Chile: FNE seeks US$3 million fine for hiding insurance information
The National Economic Prosecutor’s Office of Chile has requested that a fine, for US$3 million, be applied to the BCI bank after manipulating information regarding its mortgage credit insurance, concealing the cheapest options from clients. The prosecutor’s office would have conducted two investigations into the operation of insurance bids for mortgage loans, after which it […]
Mexico/Peru: Following COFECE shut-out, Cornershop expands in Canada and Peru
Mobile app Cornershop will expand its operations in Canada and Peru, following a decision by the Federal Economic Competition Commission of Mexico (COFECE), which prevented its sale to international supermarket chain Walmart. “Just at the moment when we all believed that Cornershop would be part of the Walmart Group, after the decision[…] we changed some […]
Argentina: Toyota wins at trial of alleged auto cartel
The Supreme Court of Justice of Argentina granted a victory car maker Toyota and seven other automakers, declaring an appeal filed by the state to be inadmissible, as it sought to sanction these companies for the alleged formation of a cartel to manipulate the sales of vehicles in the province of Tierra del Fuego.In December […]
Spain: Political turmoil will affect CNMC renewal
The president of the National Commission of Markets and Competition of Spain (CNMC), José María Marín Quemada, who will complete six years in front of the regulator, along with the CNMC’s vice president, María Fernández, and three other directors could see their periods in front of the regulatory body expanded due to the political stalemate […]
Spain: 11 more companies involved in consulting cartel: CNMC
Spanish regulator CNMC announced new additions to the case filed in February against 25 companies engaged in the consulting services sector, adding 11 companies and two additional executives to the original process. The new companies included in the case are Everis Spain and its parent, Everis Participaciones; Factor Ideas Integral Services; Gaps Politica i Societat; […]
Governing the Patent Commons
By Dirk Auer & Julian Morris (International Center for Law and Economics) Thousands of patents underpin the technologies that power the digital economy. Coordination among firms developing and implementing these novel technologies has notably been facilitated in large part by Standards Developing Organizations (SDOs). Despite the evident benefits of standardization in general and SDOs in […]
Economic Analysis of Administrative Penalties in Competition and Consumer Law
By Camilo Ossa (Universidad Externado de Colombia) The reader will find a review of a specific aspect related to the possibility that investigations arising from breaches of consumer can be sanctioned via competition, in order to take advantage of the higher value of the penalty, which it will review the legal aspects this, along with […]
Colombia: SIC goes after new driver training and diagnostic services cartel
The Superintendence of Industry and Commerce of Colombia (SIC) announced a new antitrust investigation in the service sector for driver exams and vehicle diagnostics, as announced by the Delegate for the Protection of Competition, Juan Pablo Herrera. Eleven companies and eight related individuals have been accused of organizing a mechanism to limit competition in the […]
Spain: Bank of Spain losing patience with Liberbank
The Bank of Spain has increased the pressure on troubled financial institution Liberbank, urging it to find a new entity to merge with, allowing the entity to generate profits. The main candidate, Unicaja, has encountered problems due to the demands by Liberbank head Manuel Menéndez to take control of 45% of the resulting entity. Just […]
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