Mexico To Usher In Harsher Penalties For Monopolies

Law360, New York (April 6, 2010, 12:58 PM EDT) -- Mexican President Felipe Calderon has unveiled legislation that will provide for stiffer penalties for companies found to violate the country’s anti-monopoly laws.

Calderon announced plans on Monday to strengthen the powers of the Comision Federal de Competencia, Mexico’s antitrust body, according to the Mexican government's Web site.

He said the new legislation will allow the agency to “apply sanctions more effectively to dissuade monopolistic practices,” according to the Web site. The measure is also necessary to further Mexico’s economic development, Calderon said.

Calderon will submit the...
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