Mexican Antitrust Revisions Head To President Fox

Law360, New York (April 28, 2006, 12:00 AM EDT) -- Under amendments to federal antitrust law unanimously approved this week by Mexican lawmakers, the country’s antitrust watchdog will have more power to combat anti-competitive practices and companies will face stiffer penalties for engaging in monopolistic practices.

The legislation sailed through Mexico’s lower house of Congress and its Senate earlier this week, although it encountered stiff opposition from billionaire Carlos Slim, who is lobbying for modifications to the law. It is expected to be signed into law by President Vicente Fox in coming weeks.

Slim controls Grupo...
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