Chilean Antitrust Court To Probe LAN-TAM Merger

Law360, New York (March 18, 2011, 2:21 PM EDT) -- Chile's antitrust court decided Thursday to investigate LAN Airlines SA's merger with Brazilian carrier TAM SA at the behest of a Chilean consumer group, despite a request from the national competition prosecutor to let the deal go forward.

In a split decision, the Chilean Competition Tribunal, known as TDLC, ruled that Conadecus represented the collective interest of consumers and a legitimate interest in the potential effects of the merger between two of Latin America's biggest airlines, giving the group standing to bring the case before the...
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