Contributed By Ferrere Abogados
There is a draft law being discussed in Congress which, if approved, will amend the antitrust merger control system in Uruguay.
Currently, a prior authorisation from the Antitrust Commission or specific regulator is required only for transactions that create a de facto monopoly (100% of the relevant market), and transactions that involve economic concentrations should be notified to the Antitrust Commission or specific regulator only when any of the following thresholds are met:
The draft law eliminates the relevant market threshold for the purposes of obtaining authorisation or notifying the Antitrust Commission or specific regulator, but requires that all transactions that meet the gross sales threshold are authorised by, instead of communicated to, the Antitrust Commission or specific regulator. It is not yet clear whether the required gross sales amount will remain the same.