August 25 2015

Competition in Latin America
Top stories from around the region 
Brazil's competition authority, CADE, has signed a Leniency Agreement with troubled construction company Camargo Correa, which will reimburse $200 million dollars which were improperly obtained.

 

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Antitrust law can be described as the set of legal rules that regulate the current or potential power of the companies on a certain market, on behalf of public interest. In practice, antitrust law prohibits the execution of restrictive competition practices, the acquisition of a dominant position in the market through the accomplishment of these practices and the abuse of the dominant position. 

This article is an approach to the analysis of one of the fundamental premises of this discipline, which states that the markets in competition produce greater benefits to society than the markets with monopolistic structures. In this order, we will analyze the origins, evolution and purpose of the Antitrust Law, the practical difficulties that the competition authorities must face particularly the Latin American authorities, and also the criticisms that have been formulated against the laws that develop Antitrust

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