On February 19, 2014, the Federal Executive Branch of Mexico submitted to the House of Representatives a bill to issue a new Federal Antitrust Law (Ley Federal de Competencia Económica) (the “Bill”) which, if approved, will replace the existing antitrust law effective since 1993. The Bill was submitted as part of the goals under the National Development Plan 2013 – 2018 (Plan Nacional de Desarrollo 2013 – 2018) to guarantee clear rules to foster the development of the economy.
On the other hand, on February 25, 2014, the left-wing Democratic Revolution Party (Partido de la Revolución Democrática or “PRD”) submitted its own bill to reform the current Federal Antitrust Law. That bill, as opposed to the one being analyzed herein, aims at amending the legal framework currently in effect. While we believe that a legislative debate will arise between both positions, we consider that the prevailing position will be the bill presented by the Federal Executive Branch, as it has happened with other recent reforms, including the so-called financial or tax reform. However, it is possible that the bill submitted by the PRD may influence the legislation that is finally approved.
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