Chilean Agency Offers ‘Practical Guidance’ on Competition
Bloomberg BNA, Prev. Corp. Liability, Current Report, 96
3 Pages Posted: 23 Aug 2012
Date Written: August 20, 2012
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.
Keywords: compliance, competition law, antitrust, Chile
JEL Classification: K21, K49, L49
Suggested Citation: Suggested Citation