The Handbook of Competition Enforcement Agencies 2015

Chile

15 April 2015

General framework and enforcement agencies The Chilean competition law system and regime is regulated by Decree Law 211 or the Antitrust Act (the Act). The Act is generally broader, with respect to oversight of anti-competitive practices, than legislation in other jurisdictions. The stated purpose of the Act is to promote and protect free competition in the markets (article 1 of the Act). The Chilean Antitrust System purports to promote efficiency of the markets or, as economists refer to it, the ‘total surplus’, rather than the maximisation of the wellbeing of consumers. Article 3 of the Act defines as illegal conduct ‘any act, event or convention that prevents, restricts or hinders free competition or tending to produce those effects’. Decree-Law 211 includes exemplary conduct commonly recognised by the doctrine.