On May 11, 2020, during the health and economic crisis caused by COVID-19, Legislative Decree 1510 was issued, which made a few amendments to various rules on free and fair competition. One of the amendments provided that the Law on Merger Control added, as a criterion to be considered for the procedures for assessing a merger, the financial crisis of one of the companies concerned and the need to carry out the merger duly accredited by the notifying parties. In this paper, the author observes that the fact that one of the companies is undergoing financial difficulties is not sufficient to allow for flexibility in the merger control. To demonstrate this, he presents a brief description of the failing firm defense from a historical perspective, the most relevant precedents in the United States and the European Union, and the current requirements for its accreditation in those jurisdiction...

Esta investigación tiene como objetivo identificar y criticar aquellas concepciones erróneas de las que partió la Sala Especializada en Protección al Consumidor del Indecopi cuando emitió la Resolución Nº 243-2018/SPC-INDECOPI a través del análisis de las razones y fundamentos que dieron lugar a la decisión de este órgano resolutivo. Este trabajo encuentra su justificación en el impacto que causó esta decisión en el mercado y en especial en los consumidores, quienes la percibieron como una nueva norma que rompía una costumbre socialmente aceptada en el mercado de la exhibición cinematográfica. Asimismo, es igual de importante porque permite aplicar una serie de conceptos desde el punto de vista del análisis económico del derecho que habrían permitido tener un panorama más comprensivo de la realidad en la que se desarrolla la actividad económica de Cinemark. Así, es...

Esta investigación tiene como objetivo identificar y criticar aquellas concepciones erróneas de las que partió la Sala Especializada en Protección al Consumidor del Indecopi cuando emitió la Resolución Nº 243-2018/SPC-INDECOPI a través del análisis de las razones y fundamentos que dieron lugar a la decisión de este órgano resolutivo. Este trabajo encuentra su justificación en el impacto que causó esta decisión en el mercado y en especial en los consumidores, quienes la percibieron como una nueva norma que rompía una costumbre socialmente aceptada en el mercado de la exhibición cinematográfica. Asimismo, es igual de importante porque permite aplicar una serie de conceptos desde el punto de vista del análisis económico del derecho que habrían permitido tener un panorama más comprensivo de la realidad en la que se desarrolla la actividad económica de Cinemark. Así, es...

On May 11, 2020, during the health and economic crisis caused by COVID-19, Legislative Decree 1510 was issued, which made a few amendments to various rules on free and fair competition. One of the amendments provided that the Law on Merger Control added, as a criterion to be considered for the procedures for assessing a merger, the financial crisis of one of the companies concerned and the need to carry out the merger duly accredited by the notifying parties. In this paper, the author observes that the fact that one of the companies is undergoing financial difficulties is not sufficient to allow for flexibility in the merger control. To demonstrate this, he presents a brief description of the failing firm defense from a historical perspective, the most relevant precedents in the United States and the European Union, and the current requirements for its accreditation in those jurisdiction...

On May 11, 2020, during the health and economic crisis caused by COVID-19, Legislative Decree 1510 was issued, which made a few amendments to various rules on free and fair competition. One of the amendments provided that the Law on Merger Control added, as a criterion to be considered for the procedures for assessing a merger, the financial crisis of one of the companies concerned and the need to carry out the merger duly accredited by the notifying parties. In this paper, the author observes that the fact that one of the companies is undergoing financial difficulties is not sufficient to allow for flexibility in the merger control. To demonstrate this, he presents a brief description of the failing firm defense from a historical perspective, the most relevant precedents in the United States and the European Union, and the current requirements for its accreditation in those jurisdiction...