Mexican Senate Passes Antitrust Law Reforms

Law360, New York (April 28, 2011, 10:08 PM EDT) -- The Mexican Senate on Thursday unanimously approved reforms to the federal antitrust law that call for hefty fines and prison sentences of up to 10 years for anti-competitive offenses.

The proposed law, which passed Mexico's lower legislative chamber in another unanimous vote on April 15, is part of a larger effort to strengthen the country's antitrust regime and to make it easier for Mexico's antitrust watchdog, Federal Competition Commission, or CFC, to pursue companies that participate in cartels or other anti-competitive conduct.

Under the proposed law,...
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