The Antitrust Review of the Americas 2015

Colombia: Overview

In Colombia, the Superintendency of Industry and Commerce (SIC) may impose fines against private and public parties for violation of the antitrust regime.1 The Law establishes the maximum value of the fines as well as a list of criteria the SIC must consider in their calculation.2 In certain recent rulings, the SIC has started to provide indications on the criteria that it will follow in the calculation of the fines.