Peru’s competition authority has published a draft of its first guidelines on dawn raids, following the release of draft guidelines for procedures on compliance and rewards for whistleblowers.
Brazil’s public prosecutor has complained against Gilead Sciences to the country’s competition enforcer, reportedly about the drugmaker raising the price of a hepatitis C medication by more than 1400%.
Mexico’s antitrust enforcer has initiated administrative proceedings against several banks – reportedly Citigroup, Banco Santander, Bank of America, Barclays, Deutsche Bank, JPMorgan Chase and Banco Bilbao Vizcaya Argentaria – for allegedly conspiring to fix bond prices.
Peru’s competition bar will make its GCR 100 debut in 2020 – an addition to the publication that at least one Peruvian lawyer says was overdue. While GCR has surveyed the bar occasionally in the past, a significant uptick in enforcement and the pending implementation of a full-fledged merger control regime have added Peru to the ranks of jurisdictions that should be on international companies’ and lawyers’ radar.
Third-party challenges to merger decisions by Brazil’s competition authority are “a very important part of the process”, the agency’s president has said.
Competition authorities overseeing two of the largest economies in the world have faced questions about the presence of women – or lack thereof – at those agencies.
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