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

Julian Pena, Jul 16, 2014

Greater Cooperation Among Competition Agencies in Latin America

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)

Paulo Furquim de Azevedo, Jul 16, 2014

What’s the Role of Judicial Review in Latin American Countries?

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)

Gerardo Calderon-Villegas, Jul 16, 2014

Comments on the New Mexican Competition Law

The new Mexican Antitrust Law introduces novel concepts aimed at increasing competition in all product and service markets. Gerardo Calderon (Baker & McKenzie)

Victor Pavon-Villamayor, Jul 16, 2014

Essential Inputs and Antitrust Barriers in the Mexican Economic Competition Regime

According to the new law, a barrier to competition and free entry is also, literally, anything that limits or distorts the process of competition and free entry. Víctor Pavón-Villamayor (Oxford Competition Economics)

Claudio Agostini, Manuel Willington, Jul 16, 2014

A Decade of Significant Changes in Competition Policies in Chile

The last decade in Chile has seen, more than in the previous 50 years, a significant improvement in terms of antitrust policies and associated enforcement institutions. Claudio A. Agostini & Manuel Willington (Universidad Adolfo Ibañez)

Paulo Leonardo Casagrande, Jul 16, 2014

The New Brazilian Competition Law – Two Years On

CADE, with its now integrated configuration, has succeeded in implementing the new statute, especially when it comes to the modernized merger control regime. Paulo Leonardo Casagrande (Pereira Neto, Macedo Advogados)