Mexico

• Pages: 1-41

CHAPTER 15

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