Argentina’s Antitrust Authority fines collecting society SADAIC for abusing its dominant position by charging discriminatory and excessive licensing fees to hotels
In a decision released in July 2018, the Secretary of Commerce –following the recommendations of the Argentinean Antitrust Commission (CNDC)- imposed a fine worth AR$42.7 million (approximately US$1.5 million) to the Argentinean Society of Music Authors and Composers (SADAIC) for abusing its dominant position in breach of the Antitrust Law No. 27,442 (the “Antitrust Law”) by charging excessive and discriminatory fees to certain hotels for the secondary reproduction of music.
New Argentine Antitrust Law is enacted
On May 15, 2018, the Executive Power enacted the antitrust law (the “Law”), which was previously approved by Congress. The Law will come into force on May 23, 2018.
Antitrust News Alert - May 9, 2018
Chamber of Deputies of Argentina approves modified Antitrust Bill and Executive Power is set to enact new Antitrust Law in upcoming days
Senate introduces minor amendments to Antitrust Bill (Antitrust News Alert, April 23, 2018)
On April 18, 2018, the Senate approved with minor amendments the antitrust bill (the “Bill”) that was approved by the Chamber of Deputies in November 2017. The Senate introduced minor amendments to a few articles of the Bill, though none of them are substantial. The amended Bill will now be considered by the Chamber of Deputies and approval is likely to take place in the next few weeks.
The main changes that the Bill contains regarding the current antitrust law are:
Argentine Congress partially approves new Competition Law bill
On November 22, 2017, the Chamber of Deputies approved the bill introducing a new Competition Law in Argentina (the “New Competition Law”). The bill will now go to the Senate for its approval, which may come as early as mid-December.