WASHINGTON – Competition law enforcement across Central and South America is on the rise, with Brazil, Mexico, and Chile taking the lead, especially in pre-merger review, according to an expert.
“Chile is very sophisticated,” Carolina Pardo, an antitrust attorney at Baker McKenzie in Bogotá, Colombia, says in this interview recorded at the 2018 annual ABA Spring Antitrust Meeting. “Keep an eye on Chile.”
Pardo also reviews the importance of the Organisation for Economic Co-operation and Development (OECD) and the International Competition Network’s respective influence across Latin America.
WASHINGTON – A language barrier means competition law across Latin America is more influenced by the EC than the US, according to an expert.
“Decisions are often available in Spanish, which gives competition authorities in Latin America the chance to review cases in their original language, which is not the case in the US,” says Carolina Pardo, an antitrust attorney at Baker McKenzie in Bogotá, Colombia, says in this interview recorded at the 2018 annual ABA Spring Antitrust Meeting.
Also similar to the EC is the Latin American region’s focus on economic analyses. This is thanks in part to Mexico’s leadership in the matter, which Pardo says is reflected in the 3:2 ratio of economists to lawyers in COFECE, Mexico’s competition enforcement agency.