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Competition or Competitiveness?

Publication: Mondaq Business Briefing
Publication Date: 23-SEP-04 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Competition or Competitiveness?(mergers and acquisitions, monopolistic practices)

Article Excerpt
The debate begins in Mexico's Congress on a new Law of Economic Competition

On July 7, 2004 Senators of the National Action Party (PAN) presented a bill named "Federal Law for Economic Competition and Competitiveness" (hereinafter the "Bill") which intends to repeal the Federal Law of Economic Competition ("LFCE") in effect since June 22, 1993.

The Bill represents much more than a simple name change to the LFCE. The Bill pretends to modify the approach and scope of application of the LFCE to turn it into a promotional instrument of "competitiveness", representing a diametrical change of the present approach of the LFCE and rejecting current international tendencies for the modernization of antitrust or competition law.

Among the most important aspects of the Bill vis-a-vis the LFCE are the following:

1. Eliminates the obligation to notify mergers and acquisitions...

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