ANTITRUST LEGISLATION

Inside the development of the economy of one country and in particular in our case, in the Colombian case, the balance of participation of other actors that may participate in the country may be investors, and other companies that are trying to conquer international markets.

Colombia, with its involvement in the OECD, this organization has evaluated certain levels that the country has, including this type category of legislation “[…] the State has the obligation to avoid and control the abuse of a dominant position in the national market, and in this sense it prohibits not a position of market dominance but rather an abuse of that position. In the development of this constitutional precept, the antitrust regime prohibits conduct that constitutes abuse of dominant position and indicates the penalties for violation of those rules. It also gives to the SIC the power to enforce those rules and to impose sanctions for their violation in all sectors in which responsibility has not been granted to another agency”. (OECD, p.p 23)

The sanction that are applied “[…] by the SIC requires no prior intervention by the executive branch or the judiciary, and once imposed they may be appealed only through the courts”. (OECD, p.p 40)

Those laws have a direct impact in the industry that we are actually studying, because it has implemented those norms thinking in the big competition that other companies may represent for each industry, and the weaknesses that the national companies and individual producers may have considering the high level that the international competitors have. 

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BIBLIOGRPAHY

OECD ORGANIZATION. [Consultado el 20 de agosto de 2016] Disponible en: https://www.oecd.org/daf/competition/44110853.pdf