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

Authors

  • Enrique Felices Saavedra Miranda & Amado

    Abogado. Master of Laws (L.L.M.) por la Universidad de Yale. Ex Jefe del Gabinete de Asesores de la Presidencia del Consejo de Ministros y ex Representante Presidencial Especial del Perú ante la Organización para la Cooperación y el Desarrollo Económico (OCDE). Ex Secretario Técnico de la Comisión de Represión de la Competencia Desleal del Indecopi. Socio de Miranda & Amado (Lima, Perú).
    Contacto: efelices@mafirma.com.pe.
  • Alessia Lercari Bueno Miranda & Amado

    Abogada. Asociada de Miranda & Amado (Lima, Perú).
    Contacto: alercari@mafirma.com.pe.

DOI:

https://doi.org/10.18800/themis.202002.016

Keywords:

Market concentration control, mergers and acquisitions, horizontal colusion, gun jumping, Indecopi

Abstract

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.

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Published

2020-09-13

How to Cite

Felices Saavedra, E., & Lercari Bueno, A. (2020). Merger control and information exchange in the framework of mergers and acquisitions operations. THEMIS Revista De Derecho, (78), 325–343. https://doi.org/10.18800/themis.202002.016

Issue

No. 78 (2020): Competencia

Section

Sección principal

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.