Costa Rica: Law regulating competition opposed

The Chambers of Industry and Trade are opposed to the law that would modify the regulations for competition as they consider it to be an attack on the freedom of companies.

Friday, October 10, 2008

The law which is being reviewed by the Commission on Economic Matters authorizes the Commission for the promotion of competition (Coprocom) to request information from companies, prior authorization from a judge, whenever they believe that a company has broken monopoly rules.

More on this topic

Honduras: Opposition to New Energy Bill

February 2014

The opening of the electricity market is generating opposition from unions and employers whose interests will be affected by deprivatization.  

Some Honduran entrepreneurs and unionists disagree with the government sanctioning the General Law on the Electricity Industry. They are asking for it to be reformed, because they are worried about the deprivatization of the electricity market.

Pharmacy War Goes to Competition Tribunal

June 2012

In Costa Rica, Compañía Farmacéutica S. A. (Cofasa) has filed a suit over monopolistic acts by the Corporation which owns the Fischel pharmacies .

Cofasa's lawyer, in a complaint before the National Competition Commission at the Ministry of Economy, said that the CEFA Corporation, which owns the pharmacy chain Fischel, "...

Appeal Against Fine for Monopolistic Concentration

January 2012

The company Mabeca has filed an appeal citing unconstitutionality with the Sala IV (Constitutional Court) of Costa Rica, claiming disproportionality in the fine of $2.3 million that has been applied to them.

In August 2011, the Commission to Promote Competition under the Costa Rican Ministry of Economy, found that after the acquisition of Atlas Eléctrica by Mexican company Mabe in 2008, there was a "prohibited concentration" according to the law for promoting competition and consumer protection, and imposed a fine of $2.3 million.

Costarican antitrust law make progress

October 2008

A law regulating monopolistic behavior received yesterday the initial approval in Congress, despite the dissatisfaction of business groups.

Members of the Committee on Economic Affairs ruled the project called 'Competition Promoting Act', which create the Commission for the Promotion of Competition (COPROCOM) and powers it to confiscate business documents, if authorized by a judge.

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