Ley del Sistema Venezolano para la Calidad · Ley para el Control de los Ley Antimonopolio, Antioligopolio Y La Competencia Desleal. Competition is more commonly known as the ‘Ley Anti-Monopolio’. The new legislation applies to all companies carrying out activities in. Venezuela, including. Editorial Jurídica Venezolana, Caracas, p 15 Guerra VH, Escovar R () FUNEDA, Caracas, p83 Hernández JI () Comentarios a la Ley Antimonopolio.

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If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. The Competition Law defines control as decisive influence over the activities of a company. Previous Back to top Back to question list. Any sntimonopolio may be reviewed by the Superintendency, even conglomerate transactions.

How can parties productively participate in the evaluation and decision processes? If local issues arise from a foreign-to-foreign merger, a solution may be to submit the transaction to the Superintendency for prior review to determine whether the transaction can be considered anti-competitive.

Venezuela: la ley antimonopolio

E-mail our Co-Publishing Manager. In the case of transactions which are not notified to the Venezhela, third parties may request that the Superintendency open an investigation to evaluate the transaction only after it is completed. However, if the threshold is met, the Superintendency may open a proceeding to investigate the impact of any transaction on competition in the Venezuelan market within five years of the closing of the transaction.


How are they enforced?

Venezuela: la ley antimonopolio – CNN Video

Therefore, the lack of notification would not constitute a violation of the Venezuelan Competition Law and there are no penalties for not filing. In its decision, the Vebezuela confirmed the transaction but imposed certain obligations on Coca-Cola.

Conatel may only approve a transaction if the opinion of the Superintendency is favourable.

This allows to link your profile to this item. What type of behaviour can be considered gun-jumping?

According to the Merger Guidelines, there are several aspects to consider in determining whether a transaction is anti-competitive. Are there confidentiality rules to protect sensitive proprietary information provided to the authority and what procedure must be followed for confidentiality to apply? Third parties ie, competitors may request the opening of an investigation after closing. Mergers or acquisitions concluded by foreign entities outside Venezuela that may have an impact on competition in the Venezuelan market may be reviewed by the Superintendency.

What weight, based on your experience, does the authority give to the information provided? Therefore, closing of the transaction can only take place after such authorisation is issued.

There must be a local nexus, such as presence as a branch office or subsidiary or assets in Venezuela for the merger control regime to apply. In its opinion the Superintendency may recommend Conatel to impose certain conditions to approve the transaction.

The parties are bound by the Superintendency’s decision. See general information about how to correct material in RePEc.


Venezuela – Reference – Latin Lawyer

Courts may review sntimonopolio substance of the merger analysis, including whether a rejection of remedies offered by the parties was correct. What are the investigative powers of the authority? With respect to notifiable transactions that raise obvious competition concerns, what is the expected time frame from notification to a decision? General contact details of provider: Is notification and its content publicised?

All information filed lye the parties to the Superintendency is in principle confidential. The decision was not appealed by the parties. If you would like to login via a personal account, please use the link below. Normally the authority requests information from the parties, competitors, suppliers and customers.

What rights do third parties such as competitors, suppliers or customers have to intervene and participate in the investigation process, including rights to access the investigation file?

What is the legislation applicable to merger control and how long has merger control legislation been in force? It is always up to the parties to decide whether to file antmonopolio voluntary notification. It also allows you to accept potential citations to this item that we are uncertain antimknopolio. More about this item Statistics Access and download statistics.