Congressman Yonhy Lescano, speaking for the Acción Popular party, has announced that his group will aim to present a new bill proposal for regulating Mergers and Acquisition transactions. The bill, Mr. Lescano said, would safeguard free competition, the market and consumers foremost. The announcement was met with signs of support coming from a wide array of actors, both in the public and private sectors.
Attempts to block the debate on this important subject have been unsuccessful. Congressman Jorge del Castillo, backed by the AP group, has successfully passed a motion requiring a M&A law to be discussed in the senate. In response, Vice President Mercedes Aráoz, also head of the Senate Economics Commission, has announced the formation of a dedicated task force to look into the matter.
Strangely absent from the debate has been Peruvian competition regulator INDECOPI, limiting its participation to negative remarks on the added resources such legislation would require. The position has provoked criticism from various companies and legal firms, which have concluded the agency may not be prepared to handle the hardships involved in implementing such a law.
Full Content: La República
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Subscribers Defend $4.7 Billion Antitrust Verdict Against NFL in Court Filings
Jul 19, 2024 by
CPI
Von der Leyen Calls for Competition Policy to Boost EU Companies’ Growth
Jul 19, 2024 by
CPI
Vermont AG Sues Pharmacy Benefit Managers Over Drug Prices
Jul 18, 2024 by
CPI
Australians Face Increased Stamp Prices Following ACCC Approval
Jul 18, 2024 by
CPI
Live Nation Seeks Dismissal of DOJ Antitrust Allegations
Jul 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Private Equity Roll-Up Schemes
Jun 28, 2024 by
CPI
The FTC’s Focus on Private Equity is Warranted
Jun 28, 2024 by
CPI
Unraveling the Roll-Up: Private Equity’s Misunderstood Investment Strategy
Jun 28, 2024 by
CPI
Antitrust Focus on Private Equity Funds and Serial Acquisitions
Jun 28, 2024 by
CPI
Private Equity Roll-Ups Amidst Heightened Antitrust Enforcement
Jun 28, 2024 by
CPI