New Law on Competition in Costa RicaTuesday, September 18, 2012 The Law on Promotion of Competition and Effective Consumer Protection recently approved typifies monopolistic practices and changes the rules on economic groups. Two of the most important changes are expanding the scope of the law, which now includes public service employees in cases of concessions and the introduction of a new absolute monopolistic practice: the agreement between competitors to 'refuse to buy or sell goods or services'. Mergers and Monopolies in Costa RicaMonday, September 19, 2011 In order to avoid paying penalties after a merger it is possible to obtain endorsement of the operation from the Commission to Promote Competition (COPROCOM). A statement from the COPROCOM reads: Mergers and Acquisitions in Costa RicaTuesday, April 2, 2013 As of April 5 mergers and acquisitions will have to be approved at the Antitrust Commission, part of the Ministry of Economy, Industry and Trade, before they can take place. From that date, the Antitrust Commission, at the Ministry of Economy, Industry and Commerce (MEIC), will have the power to approve or deny deals, if it is concluded that they would result in undue concentration of business. How Antitrust Law in Costa Rica WorksTuesday, July 16, 2013 Four months ago mergers and acquisitions in Costa Rica were conducted without any governmental control. Now, operations of this type over $15 million must be authorized by the Commission to Promote Competition (COPROCOM) in the first four months of rule of law, four mergers or acquisitions of companies have been authorized Competition Law in GuatemalaThursday, October 7, 2010 "The monopoly itself is not the problem, the problem is the abuse that is committed" Erick Coyoy, Minister of Economy. The main priorities set by the Minister of Economy revolve around the obligations of the country and the region, the agreements reached with the European Union, which refer to integration of the isthmus and in particular customs and promoting market competition. Competition Law for GuatemalaTuesday, June 12, 2012 There is a need to deal with bad business practices by cartels, territorial control and corporate concentration that is preventing the entry of new enterprises. More competition leads to more economic wellbeing, more jobs and investment, said Miguel Flores Oberland, Federal Commissioner for Competition in Mexico, who lectured recently in Guatemala. Guatemala: Customs Union with Honduras ApprovedFriday, January 22, 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. From a statement issued by the Ministry of Trade: Possible Reform of Consumer Protection ActThursday, March 14, 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): Costa Rica: Competition Commission Penalizes CompaniesMonday, August 25, 2014 The Commission to Promote Competition has sanctioned with a vertical boycott 22 car distributors and 5 other state suppliers for tender rigging. From a statement issued by the Commission to Promote Competition (COPROCOM): |
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