By: Alexis Pirchio
Argentina’s Competition Law dates back to 1999, with its latest round of tweaks and addenda in 2014. At the time of its writing, at the dawn of the new Millennium, this was a modern, ground-breaking legislation, based on international Best Practices and advocating for more robust institutions that might make a more independent National Competition Authority possible.
Eighteen years on, and even the recent changes made in 2014 were not enough to keep the National Commission for the Defense of Competition (CNDC) at the vanguard in the world of anti-trust. There are three main reasons for this. First, the world’s leading competition authorities began to implement a series of tools that today are vital in the field of cartel detection, such as leniency or immunity programs or market research, neither of which were part of the 2014 reforms. Second, the 1999 law had been written in the context of macroeconomic stability, and so it made sense to set the guideline fine limits and the thresholds for notifying of mergers based on non-revisable peso amounts. The profound macroeconomic shifts that have rocked the country since then have made this approach untenable, in urgent need of change. And finally, we must consider the chronic institutional weakening and destruction wrought by the Kirchnerista administrations and their effect on competition policy.
Full Content: Here
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Malaysia Introduces New Licensing Requirement for Digital Platforms
Jul 28, 2024 by
CPI
Drivers in Britain Still Overpaying for Road Fuel, UK Watchdog Reports
Jul 28, 2024 by
CPI
Six Major Banks Settle European Bond Price-Fixing Litigation
Jul 28, 2024 by
CPI
Italian Unit of Amazon Faces Second Probe for Suspected Tax Evasion
Jul 28, 2024 by
CPI
UnitedHealth Group Abandons Two Acquisitions Following Antitrust Division Scrutiny
Jul 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI