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.
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).