Competition & Antitrust, González & Rioseco Abogados updates


Contributed by González & Rioseco Abogados
New competition control procedure for mergers introduced
  • Chile
  • November 09 2017

The latest reform of the Competition Statute introduces a preventive control procedure for merger operations that have effects in Chile. As of June 1 2017 the national economic prosecutor will undertake a control procedure for merger operations before they begin. The amendment aims to provide legal certainty and reduce the length of merger control procedures.

Competitive edge: changes to antitrust law introduced
  • Chile
  • January 26 2017

Changes were recently introduced to Chile's antitrust regulation, including a mandatory M&A review by the National Economic Prosecutor's Office, a ban on interlocking directorates and mandatory notification of cross-ownership between rival firms. These changes will have a significant impact on firms in the short term. The new administrative duties that the act imposes are preventive in character and align Chile's antitrust regulations with international practice.

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