The following Competition guidance note Produced in partnership with Zurcher Odio & Raven provides comprehensive and up to date legal information covering:
A conversation with Claudio Donato Monge, partner, Claudio Antonio Donato Lopez, associate attorney, and Marco Lopez Volio, senior associate attorney at Costa Rican law firm Zurcher Odio & Raven, on key issues on merger control in Costa Rica.
NOTE–to see whether notification thresholds in Costa Rica and throughout the world are met, see Where to Notify.
On 5 September 2019, Costa Rica approved the Act to Strengthen the Competition Authorities (ASCA). This Act includes changes to the mandatory merger control regime in Costa Rica that had been in place since April 2013.
The new Act came into effect on 18 November 2019 with the publication of the law. Furthermore, the competition authority proceeded with the publication of the new thresholds.
The main aspects or the merger control regime introduced by the ASCA are as follows:
The concept of economic concentration remains very broad and keeps the same definition from the previous law that defines a concentration as ‘the merger, purchase and sale of a business establishment, or any other action that merges companies, associations, shares, capital stock, trusts, management powers or other
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