The following Competition guidance note Produced in partnership with Lega Abogados provides comprehensive and up to date legal information covering:
A conversation with José Gregorio Torrealba R., partner at Venezuela law firm Leĝa Abogados, on key issues on merger control in Venezuela.
NOTE–to see whether notification thresholds in Venezuela and throughout the world are met, see Where to Notify.
A new Antitrust Decree-Law (ADL) entered into force in November 2014, replacing the previous Promotion and Protection of Competition Act (1992). Although there are differences between the ADL and the previous legislation in the scope of application, there are no major differences to the merger control rules.
There are other regulations applicable to the merger control rules depend on the economic field of the undertakings, for example as the Telecommunications Organic Act, the Banking Act, Capitals Market Act and the Organic Law of the National Financial System. Where these regulations apply, sector-specific procedures must be followed through the appropriate regulatory authorities.
Article 3 of the ADL provides the definition of ‘economic concentration’ as ‘operations that
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