| Mexico's 'Flawed' Antitrust Bill Prompts Fear Jude Webber - FT.com | |
| go to original March 19, 2014 |
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MEXICO CITY - Mexico’s Congress this week begins debating a “flawed” antitrust bill that economic and legal experts warn could punish companies simply for being too successful, damaging the country’s business-friendly reputation.
Some fear the bill, which is aimed at stopping companies from achieving market dominance through illegal monopolistic practices, could actually lead to less, not more, competition in Mexico, undermining investor confidence in Latin America’s second-largest economy as it prepares to receive billions of dollars of investment in its newly liberalised energy sector.
The bill contains “problematic elements”, according to a paper by Anne Perrot, former vice-president of France’s competition authority, and Assimakis Komninos, a one-time member of the antitrust regulator in Greece.
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