Argentina: Competition regulator abilities expanded

Argentina’s Commercial Secretary has announced that the National Commission for the Defense of Competition (CNDC) will have its powers greatly expanded, a move deemed “vital… in order to adequately face the challenges presented by our current economic context.”

The CNDC will from now on be able to both receive and process files; respond to written requests and any other documentation presented by affected parties or third parties; issue citations and hold hearings and/or interviews with any purported infractors, plaintiffs, victims, witnesses and experts, as well as to hear their declarations. In this, the agency will be allowed to call on the use of public force, as well as other new abilities which are intended to bolster and expedite the agency’s actions against competition violators.

“We are looking to bring speed and better processes, contributing to our goal of maintaining a level of competition as a matter of our general economic interest” added the Secretariat’s communication.

Full Content: Cronista

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