The Commission for the Defense of Consumer Affairs in Peru’s Congress began the debate over the four bills presented that seek to regulate mergers and acquisitions in the country.
During the debate, Javier Coronado and Jesús Espinoza, general manager and technical secretary of Indecopi’s Free Competition Commission respectively, participated in the debate, emphasizing the need to create new regulation procedures for corporate mergers, covering low-risk operations as well as those that require a thorough review.
“Indecopi favors having objective and clear thresholds, which are related to the sales volume of the companies involved, it is the best international practice and it would facilitate the market to understand who should go through this process and who should not,” explained Coronado. For his part, José Tavara, professor of Economics of the PUCP, supported the initiative by pointing out that “Peru is one of the few countries in the world where a company can buy all its competitors without any limit to form monopolies.”
The commission’s president, Miguel Castro, indicated that similar initiatives will be presented in the coming days, so the parliamentary debate will be extended by a couple of sessions in order to prepare an opinion statement that will be put to vote, and subsequently presented to the Plenary Session of Congress.
Full Content: La Republica
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
European Commission Approves Nippon Steel’s $14.9 Billion Buyout of U.S. Steel
May 6, 2024 by
CPI
Banco Sabadell Rejects Rival BBVA Merger Proposal
May 6, 2024 by
CPI
Novo Nordisk Foundation’s Acquisition Faces Regulatory Hurdles
May 6, 2024 by
CPI
Microsoft’s MAI-1 to Compete with Google and OpenAI in AI Language Models
May 6, 2024 by
CPI
Qantas Settles ‘Ghost Flights’ Case With Australian Watchdog for $120 Million
May 6, 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