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The Commission subpoenaed economic agents for possible collusive practices in the cellulose-based hygiene product market. The Commission found enough evidence to determine that there is no effective competition in this market, due to the existence of barriers to entry and the presence of an economic agent with substantial market power. DC-001-2020 was published in the DOF, in which the Commission opened an investigation in passenger ferry market in routes to/from the northern Quintana Roo (Isla Mujeres and Cozumel) and related services. On February 11 th, a preliminary extract of file no. The Commission preliminarily detects lack of competition in the maritime transportation of passengers (ferries) in Quintana Roo. However, both companies were fined a total of MXN $955,680.00 (about USD $ 48,000) for not notifying the merger prior to its execution. On February 8 th, the Commission authorized the merger between ABC Aerolíneas (Interjet) and HBC Internacional, a transaction through which HBC Internacional acquired part of Interjet’s capital stock. The Commission sanctions HBC Internacional and Interjet for having filed an extemporaneous merger notice. The document highlights issues such as barriers to entry of new participants in the electric supply market the delay in granting generation permits, the lack of expansion of transmission and distribution networks and the unjustified cancellation of Long Term Auctions. On February 8 th, the Commission opened to public consultation a preliminary version of the document titled «Transition to Competitive Energy Markets: Clean Energy Certificates in Mexican Industry». Open consultation on the draft regarding Clean Energy Certificates market begins. The SCJN acknowledged the Commission’s argument that this policy would prevent the existence of an efficient electric market by eliminating competition for the Federal Electric Commission («CFE, for its initials in Spanish»). On February 3 rd, the Second Chamber of the Supreme Court of Justice of the Nation (“SCJN”), issued a ruling in the case by the Commission on June 22 nd, 2020 by considering that the Agreement by which the Policy on Reliability, Security, Continuity and Quality in the National Electric Power System, published on May 15 th, 2020 in the DOF by the Ministry of Energy would cause a negative impact on competition and market access in the market for generation and supply of electricity. Supreme Court of Justice issues ruling against electric energy policy. On February 3 rd, after the merger between Cornershop and the ride-hailing company Uber, approved on December 10 th, 2020, the Commission issued an informative document which outlines the most relevant aspects of the merger, among which are the jurisdictional conflicts between the Commission and IFT, the market conditions in which the economic agents participate, among others. The Commission issues white paper on the Uber-Cornershop concentration.
NOTI ISLA MUJERES FREE
On January 29 th, Tatiana Clouthier, Minister of Economy, announced that President Andrés Manuel López Obrador had decided not to eliminate the Federal Telecommunications Institute («IFT», for its initials in Spanish) and the Commission to comply with the Mexico-U.S.-Canada Free Trade Agreement. Read more.Īutonomous Constitutional Entities will be protected.
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The Commission found evidence that the sanctioned parties entered into 142 anti-competitive agreements to manipulate prices, and establishing the obligation not to distribute government securities in specific transactions between 20. The total fine amounts to approximately MXN 35,075,000.00 (about 1.7 million USD). On January 25 th, the Commission sanctioned 7 banks (Barclays Bank, Deutsche Bank, Santander, Banamex, Bank of America, BBVA Bancomer and JP Morgan) and 11 traders for colluding in the secondary market for debt securities issued by the Mexican government. The Commission sanctions banks and individuals for collusive practices in the trade of public debt securities. Among the updates are the possibility for those who have contributed, facilitated or instigated the execution of monopolistic practices to apply to the Program and increased flexibility to provide information and communicate with the authority, among others. 003/2015, through the Federal Official Gazette («DOF», for its initials in Spanish). On January 26 th, the Federal Economic Competition Commission (“Commission”) updated the Immunity and Leniency Program Guidelines no. The Commission updated the Guidelines of the Immunity and Leniency Program. Derecho Ambiental, Aguas Nacionales y Cambio Climático.Anticorrupción, Cumplimiento Normativo e Investigaciones.