Ecuador’s New Competition Law

more+
less-

On October 11, 2011, Ecuador passed a new competition law, two weeks after it was approved by the legislature. The new Regulation and Control of Market Power Law (the Law) introduces merger control in Ecuador as well as behavioural penalties for cartels and abuse of dominance. The new law also contains provisions specifying limits to the interests that can be held in the media and banking sectors in Ecuador. The passage of the new Law has attracted criticism from the business community raising concerns that it vests excessive power to control and sanction private enterprises and may be subject to undue political pressure in its enforcement.

Background

Until the current developments, Ecuador was one of the few remaining Latin American countries without comprehensive competition and merger control legislation. It began drafting specific legislation two years ago through the Ministry of Industries and under the supervision of President Rafael Correa.

Please see full Alert below for further information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

more+
less-

King & Spalding on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×