Costs of Not Having a Competition LawThe lack of a competition law in Guatemala could expose the country to sanctions from the European authorities, since it is a requirement demanded in the regulations of the Association Agreement with the European Union.Friday, August 23, 2019
Since the end of 2016, the Association Agreement (AdA) required Guatemala to have a law on the matter, since in 2019 a Central American competition authority would have to be created. However, it cannot operate, because there is no legal framework. Source: prensalibre.com Do you need more information about your business sector?Request more information: Need assistance? Contact us
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Guatemala: Competition Law Goes AheadMarch 2018 After making more than 40 amendments to the previous project, the legislative commission will be presenting a proposal and expects the process to move forward without further modifications. Guatemala: Draft Law on CompetitionMay 2016 The bill presented to Congress creates the Superintendency of Competition which will be able to investigate business practices in order to punish them if they are anti-competitive. Guatemala: Customs Union with Honduras ApprovedJanuary 2016 The decree approved by the Guatemalan Congress was the missing step needed to implement the free movement of people and goods between the two Central American countries. Guatemala: Finally a Law on Competition?January 2016 The authorities have until November 31, 2016 to approve a law for the promotion and defence of competition.
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