March 8, 2021   |   by admin

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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All information filed by the parties to the Superintendency is in principle confidential. However, they must demonstrate that they have legitimate interest in such review. If during the investigation the Superintendency finds that there is evidence venezuelz possible restrictive effects on antimonoppolio arising from the transaction, the Superintendency may open a formal process.

Voluntary notifications should be evaluated within four months of the date of filing, although the period may be extended for two more months. Some of the most important are:.

There have been no cases of foreign-to-foreign mergers being opposed by the Superintendency. Identify the last three times merger control legislation was used to prohibit a transaction, and for each, provide the ultimate outcome. According to the Merger Guidelines, there are several aspects to consider in determining whether a transaction is anti-competitive.

In what conditions must transactions between foreign companies be notified?

Venezuela: la ley antimonopolio

The Superintendency also analyses barriers to entry, the dynamic of competition and efficiencies created out of the transaction. Under the Venezuelan Competition Law, filing is not mandatory.


RePEc uses bibliographic data supplied by the respective publishers. Can negotiated remedies be challenged by third parties? If you would like to login via a personal account, please use the link below. When must notification be made with respect to acquisitions of convertible non-voting securities or options? When must notification be made? This allows to link your profile to this item. The Superintendency considers both the post-transaction market concentration and the increase in concentration resulting from the transaction.

What are the risks if the parties do not file, if the transaction is closed before clearance or if notification is untimely? With respect to notifiable transactions that raise obvious competition concerns, what is the expected time frame from notification to a decision?

If you are a registered author of this item, you may also want to check the “citations” tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. The authority in charge of merger control in Venezuela is the Antimonopoly Superintendency.

Where change in control is part of the test, what is the standard for defining control and changes thereof for pre-merger notification purposes? If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. In a transaction that appears to raise competitive concerns, is it antimonopolik to consult the authority prior to filing and, if so, why?

Venezuela: la ley antimonopolio – CNN Video

The business law resource for Latin America. 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 vehezuela transaction. However, third parties admitted as parties to a merger proceeding may review and copy such information.


Recently during the past five years the Superintendency has only prohibited one transaction: If so, please describe and provide recent examples where reconsideration led to a venzeuela outcome. Is there a standard form?

No decision on merger control has been appealed or overruled by the courts during the past five years. Are there published guidelines for merger analysis? If no filing is made, the Superintendency may open an investigation on the transaction within five years following consummation.

Legislation Venezuela (Lexadin)

The review process, confidentiality and the role or influence of third veenzuela Whom do they consult? What is the highest fine imposed to date for failure to file or gun-jumping? With the notification, the person intending to commence the tender offer must inform the Securities Commission of the effects of the transaction on competition, according to the Competition Law.