Merger control and information exchange in the framework of mergers and acquisitions operations

Descripción del Articulo

The issuance of the Emergency Decree 013-2019, which regulates market concentration operations by establishing an ex ante control of said transactions, forces us to reexamine the way in which information exchanges are conducted in the framework of mergers and adquisitions. The exchange of informatio...

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Detalles Bibliográficos
Autores: Felices Saavedra, Enrique, Lercari Bueno, Alessia
Formato: artículo
Fecha de Publicación:2020
Institución:Pontificia Universidad Católica del Perú
Repositorio:Revistas - Pontificia Universidad Católica del Perú
Lenguaje:español
OAI Identifier:oai:ojs.pkp.sfu.ca:article/24179
Enlace del recurso:http://revistas.pucp.edu.pe/index.php/themis/article/view/24179
Nivel de acceso:acceso abierto
Materia:Market concentration control
mergers and acquisitions
horizontal colusion
gun jumping
Indecopi
Control de concentraciones
fusiones y adquisiciones
colusión horizontal
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spelling Merger control and information exchange in the framework of mergers and acquisitions operationsControl de concentraciones e intercambio de información en el marco de operaciones de fusión y adquisiciónFelices Saavedra, EnriqueLercari Bueno, AlessiaMarket concentration controlmergers and acquisitionshorizontal colusiongun jumpingIndecopiControl de concentracionesfusiones y adquisicionescolusión horizontalgun jumpingIndecopiThe issuance of the Emergency Decree 013-2019, which regulates market concentration operations by establishing an ex ante control of said transactions, forces us to reexamine the way in which information exchanges are conducted in the framework of mergers and adquisitions. The exchange of information is vital to this types of operations, however, it can not be unlimited, since that would endager market competition. Faced with this situation, this article analyzes the possible transgresions to this new regimen that could be comitted within these types of transactions, as well as the measures that could be implemented to reduce said risks. First, the authors explores the figures of horizontal colusion and gun jumping, by analyzing national and international legislation and jurisprudence. Then, they explain the powers Indecopi posseses to sanction these conducts. Finally, they conclude with some recommended preventive measures that can be taken by businesses.La promulgación del Decreto de Urgencia 013-2019, el cual establece el control previo de operaciones de concentración empresarial, obliga a reexaminar la manera en la que se conduce el intercambio de la información en operaciones de fusión y adquisición de empresas. Este intercambio de información es necesario en este tipo de operaciones; sin embargo, no puede ser irrestricto, ya que ello perjudicaría la competencia. Frente a esta situación, el presente trabajo analiza las infracciones al nuevo régimen regulatorio que podrían configurarse en la esfera de estas operaciones, así como las posibles medidas a implementarse para mitigar los riesgos mencionados. Primero, los autores exploran cómo se desarrollan las conductas anticompetitivas de la colusión horizontal y el gun jumping, analizando normativa, y jurisprudencia nacional e internacional. Luego, explican las facultades del Indecopi para lidiar con estas prácticas. Por último, concluyen con algunas recomendaciones de medidas preventivas que pueden tomar los agentes económicos.Pontificia Universidad Católica del Perú2020-09-13info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdftext/htmlhttp://revistas.pucp.edu.pe/index.php/themis/article/view/24179THEMIS Revista de Derecho; Núm. 78 (2020): Competencia; 325-3431810-9934reponame:Revistas - Pontificia Universidad Católica del Perúinstname:Pontificia Universidad Católica del Perúinstacron:PUCPspahttp://revistas.pucp.edu.pe/index.php/themis/article/view/24179/22942http://revistas.pucp.edu.pe/index.php/themis/article/view/24179/22969info:eu-repo/semantics/openAccessoai:ojs.pkp.sfu.ca:article/241792024-02-08T13:24:09Z
dc.title.none.fl_str_mv Merger control and information exchange in the framework of mergers and acquisitions operations
Control de concentraciones e intercambio de información en el marco de operaciones de fusión y adquisición
title Merger control and information exchange in the framework of mergers and acquisitions operations
spellingShingle Merger control and information exchange in the framework of mergers and acquisitions operations
Felices Saavedra, Enrique
Market concentration control
mergers and acquisitions
horizontal colusion
gun jumping
Indecopi
Control de concentraciones
fusiones y adquisiciones
colusión horizontal
gun jumping
Indecopi
title_short Merger control and information exchange in the framework of mergers and acquisitions operations
title_full Merger control and information exchange in the framework of mergers and acquisitions operations
title_fullStr Merger control and information exchange in the framework of mergers and acquisitions operations
title_full_unstemmed Merger control and information exchange in the framework of mergers and acquisitions operations
title_sort Merger control and information exchange in the framework of mergers and acquisitions operations
dc.creator.none.fl_str_mv Felices Saavedra, Enrique
Lercari Bueno, Alessia
author Felices Saavedra, Enrique
author_facet Felices Saavedra, Enrique
Lercari Bueno, Alessia
author_role author
author2 Lercari Bueno, Alessia
author2_role author
dc.subject.none.fl_str_mv Market concentration control
mergers and acquisitions
horizontal colusion
gun jumping
Indecopi
Control de concentraciones
fusiones y adquisiciones
colusión horizontal
gun jumping
Indecopi
topic Market concentration control
mergers and acquisitions
horizontal colusion
gun jumping
Indecopi
Control de concentraciones
fusiones y adquisiciones
colusión horizontal
gun jumping
Indecopi
description The issuance of the Emergency Decree 013-2019, which regulates market concentration operations by establishing an ex ante control of said transactions, forces us to reexamine the way in which information exchanges are conducted in the framework of mergers and adquisitions. The exchange of information is vital to this types of operations, however, it can not be unlimited, since that would endager market competition. Faced with this situation, this article analyzes the possible transgresions to this new regimen that could be comitted within these types of transactions, as well as the measures that could be implemented to reduce said risks. First, the authors explores the figures of horizontal colusion and gun jumping, by analyzing national and international legislation and jurisprudence. Then, they explain the powers Indecopi posseses to sanction these conducts. Finally, they conclude with some recommended preventive measures that can be taken by businesses.
publishDate 2020
dc.date.none.fl_str_mv 2020-09-13
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://revistas.pucp.edu.pe/index.php/themis/article/view/24179
url http://revistas.pucp.edu.pe/index.php/themis/article/view/24179
dc.language.none.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv http://revistas.pucp.edu.pe/index.php/themis/article/view/24179/22942
http://revistas.pucp.edu.pe/index.php/themis/article/view/24179/22969
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
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dc.publisher.none.fl_str_mv Pontificia Universidad Católica del Perú
publisher.none.fl_str_mv Pontificia Universidad Católica del Perú
dc.source.none.fl_str_mv THEMIS Revista de Derecho; Núm. 78 (2020): Competencia; 325-343
1810-9934
reponame:Revistas - Pontificia Universidad Católica del Perú
instname:Pontificia Universidad Católica del Perú
instacron:PUCP
instname_str Pontificia Universidad Católica del Perú
instacron_str PUCP
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reponame_str Revistas - Pontificia Universidad Católica del Perú
collection Revistas - Pontificia Universidad Católica del Perú
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