Friday, March 14, 2008
Posted by D. Daniel Sokol
Efforts are underway by Mexico's Comisión Federal de Competencia (CFC) to reform Mexican competition law to give it more teeth. The CFC is pushing for greater sanctions against anticompetitive behavior with penalties based upon 15% of total annual sales in case of collusion and 9% of total annual firm sales in case of non-collusive anticompetitive behavior. The latest news from the Mexican legislative is that these suggested reforms must wait to further analysis, which is seen as a setback.
HT: Professor Ramiro Tovar Landa of ITAM, who testified in favor of including a market affected from the relevant market analysis instead of total sales as criteria to fines before Mexico's Congress.