A new bill presented to Colombia’s congress will seek to deter anticompetitive practices by strengthening the current investigative and retribution capabilities of regulators. Among the most prominent lie recommendations to improve the benefits awarded for voluntarily collaborating with authorities.
The initiative, which adopts a series of recommendations by the OECD group of countries, would seek to deter monopolistic practices by providing judicial security and protecting the confidentiality of any whistleblowers who come forward with information regarding competition violations they have participated in. However, once competition regulators issue a ruling on the matter, the whistleblower’s existence and identity would be revealed.
Additionally, whistleblowers would be elegible to receive a series of benefits for informing regulators of non-cartel competition violations, such as full immunity from penalties.
Source: Ambito Juridico
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources, Excludes
May 1, 2024 by
CPI
UK Competition Watchdog Raises Alarm Over Nvidia’s ARM Takeover
May 1, 2024 by
CPI
Sen. Klobuchar Urges Regulators to Probe Collusion in Health Care Pricing
May 1, 2024 by
CPI
Multiple States Join Tennessee’s Antitrust Lawsuit Against NCAA Over NIL Rules
May 1, 2024 by
CPI
NY AG Joins Suit Challenging NCAA’s Restrictions on Student Athlete NIL Rights
May 1, 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