Thursday, November 8, 2007
Posted by D. Daniel Sokol
A paper by Alfonso Londoño and Juan Gutierrez of Pontificia Universidad Javeriana's Law School remind us of the growing internationalization of merger control in their paper Merger Control in Colombia.
ABSTRACT: Merger review is one of the most important aspects of Competition Law. This tool allows competition authorities (when the review is ex ante as in the Colombian case) to hinder the transactions that unduly restrict competition or authorize them under certain conditions - through merger remedies - which guarantees the preservation of free competition in the markets.
The purpose of this document is to present the Colombian merger control regime, determine its nature, its structure, identify the different doctrinal positions adopted by the Superintendency of Industry and Commerce and its evolution in the last years.