Ley del Sistema Venezolano para la Calidad · Ley para el Control de los Ley Antimonopolio, Antioligopolio Y La Competencia Desleal. Competition is more commonly known as the ‘Ley Anti-Monopolio’. The new legislation applies to all companies carrying out activities in. Venezuela, including. Editorial Jurídica Venezolana, Caracas, p 15 Guerra VH, Escovar R () FUNEDA, Caracas, p83 Hernández JI () Comentarios a la Ley Antimonopolio.
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You can help correct errors and omissions. As a matter of practice, how do the authorities investigate a transaction?
Nevertheless, the Superintendency does not consider economic efficiency a sufficient reason to approve a merger, if the concentration level increases significantly and antimonopoluo entry barriers are high. What sanctions can be imposed and on whom? Once the evidence period is expired, the Superintendency should decide within 30 business days, which may be extended for two months.
The economic group would be comprised of companies controlled by zntimonopolio parties in Venezuela or companies in Venezuela that exercise control over the parties.
However, under the Competition Law, if a merger or acquisition is likely to save one of the parties from bankruptcy, the transaction may be authorised even though it may have fn adverse effect on competition.
Can the authority be consulted on a no-names leg for guidance on notification requirements? If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item.
Previous Next Back to top Back to question list. Previous Back to top Back to question list. Pre-notifications meetings are not common. There are no de minimis requirements for filing. Otherwise, the approval is considered denied.
Venezuela – Reference – Latin Lawyer
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Briefly highlight any notable merger control decisions rendered over the past 12 months.
Internal company documents, such as documents prepared for the board and reports and strategy papers prepared during the negotiation of the deal, are rarely requested and must only be disclosed upon request by the authority.
Must the authority seek a waiver from the transaction parties to disclose confidential information submitted in their filing? Normally the authority requests information from the parties, competitors, suppliers and customers. There is no requirement to file or notify a transaction, even if the threshold set out below is met. The Superintendency also analyses barriers to entry, the dynamic of competition and efficiencies created out of the transaction. However, after closing, the Superintendency may open ex officio or at the request of third parties an investigation to determine whether a merger thata was not notified may have restrictive effects on competition.
The Superintendency is in charge of evaluating and deciding whether mergers voluntarily notified may have restrictive effects on competition. It also allows you to accept potential citations to this item that we are uncertain about. Therefore, closing of the transaction can only take place after such authorisation is issued.
Where change in control is part of the test, what is the standard for defining control and changes thereof vejezuela pre-merger notification purposes?
Please note that corrections may take a couple of weeks to filter through the various RePEc services. Is there a triggering event that requires a filing to be made within a specified period? Market testing is not commonly used. Is there a simplified notification procedure with accelerated review periods? The authority in charge of merger control in Venezuela is the Antimonopoly Superintendency. For purposes vennezuela calculating the thresholds, the authority takes into account the revenues of all companies belonging to the same economic group of the parties in Venezuela.
Venezuela: la ley antimonopolio
Under the Venezuelan Competition Law, filing is not mandatory. In this case, the Superintendency must notify the parties, which have 15 business days that may be extended for 15 additional days to present evidences and arguments. Is there a standard form? This allows to link your profile to this item. Antimmonopolio this practice useful? In the case of voluntary filing, third parties may become parties in the proceedings and may oppose the transaction.
Specific rules apply to the calculation of turnover in the cases of partial acquisitions, companies with joint subsidiaries and mergers of insurance companies. It is always up to the parties to decide whether to em a voluntary notification. What is the legislation applicable to merger control and how long has merger control legislation venezudla in force?
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