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.
Argentine Antitrust Commision issues Final Report on credit and electronic payment methods Market investigation
On August 29, 2016, the Argentine Antitrust Commission (“CNDC”) released the results of the credit cards and electronic payment methods market investigation initiated earlier this year (the “CNDC Report”). The CNDC concluded that in the investigated market there is a lack of competition and transparency, with high commissions, a technological delay, and a dominant position held by Prisma (Visa Argentina).
Argentine Antitrust Commission opens Consultation Process for Draft Bill
On August 30, 2016, the Argentine Antitrust Commission (“CNDC”) has opened a public consultation process for its draft bill reforming its competition law.
The main characteristics of the draft bill include:
New appointments in the Argentine Antitrust Commision
The Minister of Production, through Resolution No. 123/2016 dated April 26, 2016 and Resolution No. 135/2016 dated April 29, 2016, has appointed Eduardo Stordeur and María Fernanda Viecens as commissioners of the Argentine Antitrust Commission (CNDC) to replace former commissioners Humberto Guardia Mendoca and Santiago Fernandez. The new commissioners will work alongside with the newly appointed CNDC President, Esteban Greco, and are expected to implement mayor changes in the dynamics of the agency.
Argentine Government announces tightening of Antitrust Enforcement
In a recent media appearance, the new President of the Argentine Antitrust Commission (CNDC) and the Trade Secretary, gave some insights into the current status of the local antitrust regime and announced the introduction of several changes and amendments: