Ecuador Puts Competition Regime In Place

Law360, New York (April 1, 2009, 12:00 AM EDT) -- Ecuador has become one of the last South American countries to put a competition regime into place, adopting a policy that the Andean Community developed a few years ago.

Under a decree signed March 14, the administration of Ecuadorian President Rafael Correa will designate a subsecretary of competition, who will have the authority to investigate alleged misconduct and impose fines and other sanctions.

“It will be very interesting just to see, going forward, the kinds of cases they're going to bring,” said Daniel Sokol, a law...
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