December 1997 / January 1998

Argentina: New Argentine antitrust law proposed

01 December 1997

Law 22,262 has been widely criticised in Argentina as an ineffective and outdated tool for controlling the activities of monopolies. In the last two years a wave of mergers and acquisitions has taken place in Argentina, but the Tribunal has not issued any relevant policy or participated in any way in the process, taking a passive role because the law only penalises an abuse of a dominant position but not the creation of a position of dominance. As a result of this criticism, the government has put before Congress the BAL, whose the main features are set out opposite.