Programme and documents

 

MANAGUA, NICARAGUA -- 4-5 April 2017


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The Latin American and Caribbean Competition Forum is hosted by PROCOMPETENCIA.

 

PREVIOUS MEETING

The 2016 Latin American and Caribbean Forum hosted by Mexico focused on topics as: disruptive innovation, leniency programmes and competition in public procurement in Latin America and the Caribbean.

View all 2016 materials  | More on all previous meetings |

SESSION I. CARTELS: ESTIMATION OF HARM IN PUBLIC ENFORCEMENT ACTIONS

Competition authorities typically impose fines on companies for participating in a cartel. Sometimes they are criticised for setting large fines when the actual harm from the cartel is very low. To address this concern, some competition authorities are required also to calculate estimated harm from cartels, as a criterion for setting the fine, which builds on the economic effect of the conduct and not on a predefines formula based on turnovers. A major question then becomes whether fines should be more related to a formula based on affected revenues or whether fines should at least be pre-conditioned or built up from estimates of either harm to consumers or illegitimate profits derived by cartel participants. The roundtable tried to identify and discuss techniques for estimating harm or illegitimate benefits from cartels. 

 

Session Chair:   Frédéric JENNY (Chairman, OECD Competition Committee) 

Speakers:

Sean ENNIS
Senior Economist,
OECD Competition Division

José Maria MARÍN-QUEMADA
Chairman
CNMC, Spain
Eduardo SAAVEDRA
Judge
Competition Tribunal, Chile
Walter WESTPHAL OBERSCHMIDT 
Director for Special Procedures
COFECE, Mexico

Background documentation

Call for contribution
English | Español

Background paper by OECD Secretariat
English | Español 

 

Contributions from participants:

Argentina
English | Español

Brazil (CADE)
English | Español

Chile (TDLC)
English | Español

Colombia
English | Español

Mexico
English | Español

 

Peru
English | Español

Portugal
English (only)

Dominican Republic
English | Español

Spain
English | Español

United States
English | Español

Presentations:    

Sean Ennis, Senior Economist, OECD

W. Westphal Oberschmidt, COFECE, México

 

 

View some of our previous discussions in relation to the topic:

SESSION II.  MERGER CONTROL IN LATIN AMERICA AND THE CARIBBEAN - RECENT DEVELOPMENTS AND TRENDS

When faced with a notified merger, competition authorities need to be able to assess any potential anti-competition effects, the magnitude of these effects and their relationship to the potential benefits that the merger could produce.  Merger control raises complex challenges related to the legal standard applied by agencies, to the economic tools they need to master to predict the effects of the transactions and to the remedies– behavioural, structural or a combination of both – they need to devise in case of conditional clearances. 

A number of jurisdictions in the region have recently adopted, or are in the process of adopting a new merger control system; others have amended their regimes to improve their ability to catch, review and remedy potentially anti-competitive transactions. This three part session discussed i) recent developments in the Latin American and Caribbean region on merger control; ii) factors to take into account when considering structural and/or behavioural remedies; iii) and, agency decision making in prohibitions and conditional clearances.

Session Chairs:   Luis Humberto GUZMÁN (President, Procompetencia, Nicaragua) and Mario UMAÑA (Lead Trade and Competition Specialist Integration and Trade Sector, IDB) 

Speakers:

Felipe SERRANO
Former Head Advisor & Deputy Superintendent
SIC, Colombia

Amanda ATHAYDE
Head of the Leniency Unit and Chief of Staff
CADE's General Superintendence, Brazil

Russell DAMTOFT
Associate Director
Federal Trade Commission, United States

Manuel Emilio RUIZ GUTIÉRREZ
Council Member 
SUTEL, Costa Rica

Background documentation

Call for contribution
English | Español

Background paper by OECD Secretariat
English | Español

 

Contributions from participants:

Brazil (CADE)
English | Español

CARICOM
English | Español

Chile (FNE)
English | Español

Costa Rica (COPROCOM)
English | Español

Costa Rica (SUTEL)
English | Español

Ecuador
Español (only)

 

Mexico
English | Español

Portugal
English | Español

United States
English | Español

References: The FTC's Merger Remedies 2006-2012 - A Report of the Bureaus of Competition and Economics (2017)

Antitrust Guidelines for International Enforcement and Cooperation by US DOJ and US FTC (2017)

Speakers presentations:

   

 

 

View some of our previous discussions in relation to the topic:

Recommandations and Country related experiences:

SESSION III.  ADDRESSING COMPETITION CHALLENGES IN FINANCIAL MARKETS

Competition agencies face a number of sector specific challenges in financial markets. Policy considerations such as market stability and consumer protection are often important for governments and effective co-operation with sector regulators and central banks is frequently required when advocating for policy solutions that take into account efficiency concerns in addition to these other objectives. This session discussed agencies' co-operation with regulators and central banks, while offering an opportunity for agencies to share their experiences and the challenges they have faced when conducting studies of financial markets. 

Session chair:   Marcela GÓMEZ MASÍS (President, COPROCOM, Costa Rica)

Speakers:

Kusha HARAKSINGH
Chairman
CARICOM 

Márcio ISSAO NAKANE
Professor of Economics 
University of São Paolo, Brazil
Manuel SEBASTIÃO
Member of the Board of Directors
Redes Energéticas Nacionais (REN) Portugal
Spencer W. WALLER
Professor
Loyola University, Chigago School of Law

Background documentation:

Call for contribution
English | Español

Backround paper by the Secretariat
English | Español

Paper by Manuel Sebastião
English (only)

Contributions from participants: 

Argentina
English | Español

Brazil (CADE)
English | Español

Brazil (SEAE)
English | Español

CARICOM
English | Español

Chile (FNE)
English | Español

Costa Rica (COPROCOM)
English | Español

El Salvador
English | Español

Jamaica
English | Español

 

Mexico
English | Español

References: Trabajo de investigación y recomendaciones sobre las condiciones de competencia en el sector financiero y sus mercados 

Executive Summary |  Resumen Ejecutivo 

Portugal
English (only)

Peru
English | Español

Spain
English | Español

United States
English | Español

 

 

View some of our previous discussions in relation to the topic:

FINAL SESSION. EVALUATION AND PROPOSALS FOR FUTURE WORK

 

 

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