Argentina’s leniency regime goes live. Â
In May, Argentina’s National Commission for Competition Defense (CNDC) announced the implementation of its leniency regime – six years after it was introduced in the country’s antitrust law. Considered some of the strongest tools in the enforcers’ arsenal, leniency programs have been implemented by jurisdictions around the world to bolster regulators’ ability to detect and prosecute anticompetitive cartels, while providing strong incentives for cooperation with government enforcers and internal compliance by companies. The CNDC regime provides full immunity to the first applicant to blow the whistle on their own participation in cartel activity and submit sufficient evidence to prove that the conspiracy existed. Subsequent applicants can secure penalty reductions between 20 percent to 50 percent of the maximum fine (which is 30 percent of the company’s domestic turnover). More details about Argentina’s program can be found here.
Contacts
For more information about Antitrust and Competition Enforcement in Latin America, please contact:
Carsten M. Reichel
Partner, LatAm Practice Group Regional Co-Leader, Regulatory and Antitrust
Amadeu Ribeiro
Partner, LatAm Practice Group Regional Co-Leader, Regulatory and Antitrust
