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Chilean Agency Offers ‘Practical Guidance’ on Competition

Bloomberg BNA, Prev. Corp. Liability, Current Report, 96

3 Pages Posted: 23 Aug 2012  

Javier Tapia

Universidad de Chile - Centre for Regulation and Competition

Date Written: August 20, 2012

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.

Keywords: compliance, competition law, antitrust, Chile

JEL Classification: K21, K49, L49

Suggested Citation

Tapia, Javier, Chilean Agency Offers ‘Practical Guidance’ on Competition (August 20, 2012). Bloomberg BNA, Prev. Corp. Liability, Current Report, 96. Available at SSRN: https://ssrn.com/abstract=2135252

Javier Tapia (Contact Author)

Universidad de Chile - Centre for Regulation and Competition ( email )

Avda. Santa María 076 Piso 4
Providencia
Santiago
Chile

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