The following Competition guidance note Produced in partnership with Lloreda Camacho & Co provides comprehensive and up to date legal information covering:
A conversation with Dario Cadena, senior associate at Colombian law firm Lloreda Camacho & Co on key issues on merger control in Colombia.
NOTE–to see whether notification thresholds in Colombia and throughout the world are met, see Where to Notify.
The most recent development involving the Colombian merger control regime was the adoption of lower reporting thresholds for 2017. Until 2016 the reporting thresholds were set at 100,000 times the minimum monthly wages, whilst for 2017 they were lowered by 40% to 60,000 times the minimum wage.
Apart from the new reporting thresholds, the merger review process continues to be governed by the provisions of Law 1340 of 2009 and Resolution 10930 of 2015. There were discussions regarding a bill of law, sponsored by the Superintendence of Industry and Commerce (SIC), the national competition authority, which would had introduced significant changes to the merger control regime. However, the bill was withdrawn from Congress and has not been filed again.
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