Mexican Lawmakers Back Tougher Antitrust Fines

Law360, New York (April 30, 2010, 5:11 PM EDT) -- Mexico's lower house of Congress has reportedly given the green light to legislation that will provide stiffer penalties for companies found to violate the country's anti-monopoly laws.

The legislation — which will strengthen the powers of the Comision Federal de Competencia, Mexico’s antitrust body — was approved Thursday in a 386-15 vote in the country's Chamber of Deputies and will now be sent to the Senate, Dow Jones reported.

Under the terms of the bill, the CFC would have the power to impose fines of up...
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