Chilean Agency Offers ‘Practical Guidance’ on Competition

Abstract:     
This note briefly describes the Chilean competition authority’s (FNE) new guide on competition law compliance programs. It highlights the focus of the Guidance on the elements of an effective program and observes that the FNE considers companies’ compliance programs in its recommendations relating to fines and in its willingness to settle cases. Remarkably, the FNE approach is an important reminder to competition authorities worldwide that there is a better strategy than the antagonistic approaches of the US Antitrust Division and DG Comp. The note also comments on related case law.

Number of Pages in PDF File: 3

Keywords: compliance, competition law, antitrust, Chile

JEL Classification: K21, K49, L49

Accepted Paper Series