Mexico

• Pages: 1-41

CHAPTER15

MEXICO

Mexico-3

CONTENTS

A.OVERVIEW............................................................................................................ 5

1. General Policies Underlying the Statute...................................................... 5

a.Introduction......................................................................................... 5

b. Background of the Ley Federal De Competencia Económica ............ 6

c.Main Objectives of the LFCE ............................................................. 8

B.OVERVIEW OF THE COMPETITION AGENCIES ....................................................... 8

C.SUBSTANTIVE LAW .............................................................................................. 9

1. Horizontal Agreements and Practices ......................................................... 9

a.Generally............................................................................................. 9

b. Cartel Enforcement............................................................................. 9

(1)Agreements Covered.................................................................. 9

(a)Price Fixing ......................................................................... 9

(b)Output Restriction ............................................................. 10

(c)Market Allocation.............................................................. 11

(d)Bid Rigging ....................................................................... 11

(e)Information Exchanges ...................................................... 12

(2)Enforcement Authorities .......................................................... 12

(3)Investigatory Procedures.......................................................... 12

(4)Proceedings .............................................................................. 13

(5)Leniency Program .................................................................... 14

(6)Penalties ................................................................................... 14

c.Other Horizontal Practices................................................................ 14

(1)Purchasing Agreements............................................................ 14

(2)Joint Ventures and Competitor Collaborations ........................ 15

(3)Covenants Not to Compete....................................................... 15

2. Mergers and Acquisitions.......................................................................... 15

a.Transactions Covered ....................................................................... 15

b. Premerger Notification and Procedure.............................................. 16

(1)Jurisdiction and Thresholds ...................................................... 16

(2)Filing Procedures...................................................................... 17

(a)Standard Review Process .................................................. 17

(b)Expedited Review Process ................................................ 18

(3)Filing Fees................................................................................ 19

(4)Exemptions ............................................................................... 19

(5)Sanctions .................................................................................. 20

(6)Confidentiality.......................................................................... 21

c.Substantive Test................................................................................ 21

d. Assessment Criteria .......................................................................... 22

e.Treatment of Efficiencies.................................................................. 22

f.Remedies........................................................................................... 23

g. Third-Party Rights ............................................................................ 23

h. Post-Closing Review......................................................................... 23