Panama: Anti-Competition Trials Take Too Long

In order to shorten court proceedings in the courts for competition, the Authority for Consumer Protection and Defense of Competition has proposed reforming Law 45 of 2007.

Tuesday, June 30, 2015

The Authority for Consumer Protection and Defense of Competition (Acodeco), proposes reforming the law in order to shorten the delay in giving rulings in trials on competition, a situation that harms markets and their interaction with consumers.

Oscar Garcia Cardoze, general manager of Acodeco, reported to Laestrella.com.pa "..." that the court backlog affects the market and consumers, since they have to wait for 12 or 14 years for a first ruling, denying access to better prices and the opportunity for a more competitive 'market to develop. "

"... The situation is worrying, because the defendants called to court continue to affect the market with no short-term punishment for violating the rules of competition laws."



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The union of Panamanian businessmen indicates that a great deal of uncertainty has been caused due to the handling of high-profile investigations and judicial processes such as that of Odebrecht.

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Justice is Neither Prompt Nor Effective in Panama

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A disservice is being done to the country's business climate by court trials which take 15 years to produce sentences that can then be overturned on appeal.

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It has taken such a long time that the main participants involved in the trail are not even the same people.

El Salvador: ENEL Green Power Lawsuit Revived

July 2015

Despite the agreement signed last December, authorities from the CEL say it reserves the right to activate in civil courts processes to collect compensation for alleged damages.

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Possible Reform of Consumer Protection Act

March 2013

A new bill in Panama provides guarantees in real estate development and makes tips voluntary, among other topics.

From a statement by the Authority for Consumer Protection and Competition (ACODECO):

ACODECO presented to the press a proposal which contemplates reforming Law 45 on Consumer Protection.

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