The Colombian Ministry of Commerce, Industry and Tourism has sanctioned Booking Colombia for operating without proper registration, as well as for violating various competition and business rules. With this, the Ministry has requested that the Superintendence of Industry and Commerce (SIC) and the Superintendence of Corporations (SS) join the investigation.
The SIC will open investigations against Booking for alleged uncompetitive practices, including misleading advertising, unfair competition and abuse of dominance, among others.
“We want to set a precedent and notify micro, small and medium-sized companies that have not registered legally, or have done so part-way, that it’s time to play ‘For the good of Colombia,” said Minister of Commerce , Industry and Tourism, María Claudia Lacouture. She added that “this is why we are working, so that all platforms like this have representation in Colombia, with their activities duly regulated …”
Full Content: Reportur
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Canadian Watchdog Launches In-Depth Study of Airline Industry
Jul 29, 2024 by
CPI
Hewlett Packard Nears EU Approval for $14 Billion Juniper Networks Deal
Jul 29, 2024 by
CPI
Volkswagen and Rivian Joint Venture Cleared by German Competition Authority
Jul 29, 2024 by
CPI
Mauritius Launches Antitrust Probe into Pharmaceutical Sector
Jul 29, 2024 by
CPI
DOJ Pushes for TikTok Sale Amid National Security Concerns
Jul 29, 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