Plan To Add Muscle To Mexican Antitrust Law Advances

Law360, New York (April 15, 2011, 4:02 PM EDT) -- Mexico's lower legislative chamber signed off Thursday on revisions to competition law that would give the country's antitrust watchdog more power to investigate and penalize cartels.

In a unanimous vote, the Mexican Chamber of Deputies passed an amended version of a bill to update the country's Federal Law on Competition, which includes steep increases in the maximum fines for cartel members, the possibility of criminal sanctions for anti-competitive conduct and the authority for Mexico's Federal Competition Commission, or CFC, to conduct surprise inspections.

Mexican lawmakers have...
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