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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However, if the threshold is met, the Superintendency may open a proceeding to investigate the impact of any transaction on competition in the Venezuelan market within five years of the closing of the transaction.

Courts may review the substance of the merger analysis, including whether a rejection of remedies offered by the parties veneezuela correct. See general information about how to correct material in RePEc. However, they must demonstrate that they have legitimate interest in such review. Conversely, any operation that does not meet the threshold may not be subject to review by the Superintendency.

Legislation Venezuela (Lexadin)

The Superintendency considers both the post-transaction market concentration and the increase in concentration resulting from the transaction. Economic efficiencies are also taken into consideration by the Superintendency. Nevertheless, the Superintendency does not consider economic efficiency a sufficient reason to approve a merger, if the concentration level increases significantly and the entry barriers are high. No decision on merger control has been appealed or overruled antimonppolio the courts during the past five years.


To what extent are economic efficiencies and non-competition issues taken into account in the review process? Once the evidence period is expired, the Superintendency should decide within 30 business days, which may be extended for two months.

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. You can help adding them by using this form. Transactions that are subject to merger control include any: In what conditions must transactions between foreign companies be notified?

It is always up to the parties to decide whether to file a antimonopoilo notification. There is no requirement to file or notify a transaction, even if the threshold set out below is met. The request must be signed by an attorney. Interested in contributing to this Know-how? Otherwise, the approval is considered denied. Collective dominance is not analysed in merger cases. E-mail our Co-Publishing Manager Related content.

Neither the Competition Law nor the Merger Regulations contain special rules regarding particular sectors. With respect to notifiable transactions that do not raise obvious competition concerns, what is the expected time frame from notification to a decision?

Is there any additional sector- or industry-specific merger regulation legislation?

Venezuela: la ley antimonopolio – CNN Video

You are currently accessing Latin Lawyer antimonopolik your firmwide account. The parties are bound by the Superintendency’s decision. General contact details of provider: Can a decision from the regulator be appealed and if so what is the timetable for judical review to take place? Is there a standard form? Normally the opinions and information from government authorities are crucial for the evaluation.


Antmonopolio to the Merger Guidelines, there are several aspects to consider in determining whether a transaction is anti-competitive. What is the highest fine imposed to date for failure to file or gun-jumping?

Venezuela: la ley antimonopolio

Are there confidentiality rules to protect sensitive proprietary information provided to the authority and what procedure must be followed for confidentiality to apply? The review process, confidentiality and the role or influence of third parties The notification and its contents are normally not publicised.

There are no de minimis requirements for filing. However, prior notification does not prevent consummation of the transaction. If the transaction is voluntarily notified and approved, third parties may not request the opening of an ex-post investigation on such transaction.

The Superintendency has the power to take appropriate measures for the purpose of restoring effective competition if affected by a merger.