Controlling Mergers in Costa RicaWednesday, October 24, 2012 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. Competition Bulletin, the Antitrust Commission (COPROCOM): El Salvador: Alba Petróleos Investigation StartsFriday, July 19, 2013 The superintendency of competition has began the investigation into alleged anti-competitive practices by Alba Petroleos. "After analyzing the formal request by the National Association of Private Enterprise (ANEP) (February 5), the Superintendence of Competition has launched an official investigation (February 13, 2013), with the intention of determining whether Alba Petroleum had or had not violated the Competition Act through merging its businesses," noted an article in Elsalvador.com. Alba Petróleos Fined in El SalvadorTuesday, November 19, 2013 The company was fined $759,924 for failing to petition the Salvadorian Superintendency of Competition to approve to purchase of nine service stations. In addition to the financial penalty, the Superintendencia de Competencia (SC) demanded that the company submit within 30 days an application to follow the procedure which should have been done in the beginning. 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 Puma-Esso Merger Conditional on Benefits to ConsumersFriday, January 27, 2012 The Superintendence for Competition in El Salvador requires proof that the economic concentration will bring significant gains in efficiency, with direct benefits for consumers. A press release from the Superintendency of Competition (SC) reads: |
|