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:
New release book: Competition Law in Latin America: A Practical Guide
Julián Peña, partner in charge of the antitrust department at Allende & Brea, has co-edited with Marcelo Calliari (partner at Tozzini Freire in Brazil), the book “Competition Law in Latin America. A Practical Guide”, recently published by Wolters Kluwer in London.
This is the first book to offer an in-depth analysis of the complex scenario generated in the past few years after many Latin American countries have taken giant steps to reposition their competition authorities in the global antitrust arena, granting them much greater autonomy both domestically and internationally.