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.
The opening of the electricity market is generating opposition from unions and employers whose interests will be affected by deprivatization.
In Costa Rica, Compañía Farmacéutica S. A. (Cofasa) has filed a suit over monopolistic acts by the Corporation which owns the Fischel pharmacies .
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.
A law regulating monopolistic behavior received yesterday the initial approval in Congress, despite the dissatisfaction of business groups.
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