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Mexico Pushes New Competition Law Through Congress

Law360 (April 27, 2006, 12:00 AM EDT) -- In a move to beef up its competition regulation, Mexico's lower house of Congress this week passed a new law that will give the country’s antitrust watchdog more power to combat anti-competitive practices.

The legislation, which was passed by the house late Tuesday and sent to the Senate on Thursday for a vote, endows the Federal Competition Commission, or Comision Federal de Competencia (CFC), with greater enforcement authority to impose sanctions and streamlines antitrust procedures, such as merger approvals.

It also increases fines for price-fixing and...
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