Argentina’s incoming administration sent a message to the country’s business and political elites, signalling the start of an effort to rebuild Argentina’s institutions after a controversial exit by the outgoing ‘Kirchnerista’ administration. The policy, described by the government as ‘Freedom with Responsibility”, was highlighted by the announcement of a revived National Competition Defence Commission (CNDC) to be launched in the coming weeks.
“In the next few days there will be announcements by the Production Ministry about the structure and the positions being filled, which will fall under the authority of the CNDC, which is something the previous government had mostly neglected” said Finance minister Alfonso Prat-Gay.
“Argentina’s businessmen will have to get used to competition being a good thing, not just for business but for the citizenry at large.” Argentina’s laws state that it’s this commission that should be in charge of controlling Mergers and Acquisitions, as well as identifying anti-competitive practices, detecting price-fixing cartels or fingering abuse of dominance perpetrators.
Rumors about who will head the relaunched commission have circulated for days, mostly pointing to Esteban Greco, an economist from Torcuato di Tella University with considerable experience in the energy sector. He would replace Ricardo Alberto Napolitani, a lawyer tied to the administration of Cristina Fernández.
Full content: Entorno Inteligente
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Musk’s X Requests Brazil Supreme Court to Resume Service After Shutdown
Sep 26, 2024 by
CPI
Visa Acquires AI Firm Featurespace to Enhance Fraud Prevention
Sep 26, 2024 by
CPI
Visa Gears Up for Legal Fight with DOJ Over Debit Card Monopoly Allegations
Sep 26, 2024 by
CPI
UFC Fighters’ Lawsuit Settlement Resurfaces with $375 Million Offer
Sep 26, 2024 by
CPI
Ex-Amazon Seller Appario Files Lawsuit to Dismiss Antitrust Allegations
Sep 26, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández