In this issue:
With all eyes on the Americas for the World Cup (many congratulations to Brazil for such a successful job hosting), it’s a good time to take a quick survey of the latest antitrust happenings in Latin America. We start with a strong indication of just how seriously the region is taking the subject, surveying the extent of cooperation among the agencies, followed by a look at the challenges of dealing with a “sluggish” judiciary in many of the countries of the region. We continue with three interesting country case studies: two perspectives on Mexico’s just-enacted major—and controversial—changes to their competition regime, lessons learned after ten years of a restructured Chilean regime, and a look at how Brazil’s two-year-old New Law is maturing.
Latin America Update
Anyone doing business in the region should be aware of the increased cooperation among competition agencies, as this new reality will have an increasing influence on decision-making. Julián Peña (Allende & Brea)
The effects of judicial review depend on how firms act strategically given the option to challenge agencies’ decisions in courts. Paulo Furquim de Azevedo (Sao Paulo School of Economics)