Costarican antitrust law make progress
A law regulating monopolistic behavior received yesterday the initial approval in Congress, despite the dissatisfaction of business groups.
Thursday, October 23, 2008
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.
In Costa Rica, Compañía Farmacéutica S. A. (Cofasa) has filed a suit over monopolistic acts by the Corporation which owns the Fischel pharmacies .
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.
Analysis of the amendment to the Law for Promotion of Competition and Effective Defence of the Consumer which now establishes prior control of economic concentrations.
Despite the announcement from the Government that they would open the quotas to the cooperatives, one of them got only 1.98% of the 120,500 metric tons of food.
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