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Antitrust law in Latin America is evolving. Stronger cooperation among regulators and the growing influence of the OECD — to which Brazil, Chile, Colombia and Mexico are already parties — are giving rise to more stringent and sophisticated enforcement.

In the last few years, we have seen authorities in the region take a tougher stance — from imposing steep fines on companies engaging in cartel activity in Brazil, Colombia, Chile, Mexico and Peru, to pursuing criminal action to penalize bid rigging. Furthermore, in recent months, the Colombian authority imposed fines to a company for paying the fines of individuals in a cartel investigation.

To help our clients adapt to a fast-changing regulatory landscape and develop sound antitrust strategies, I am delighted to announce the launch of the second edition of the Latin America Antitrust & Competition Handbook.

This handbook provides an overview of the antitrust and competition regulations in seven Latin American countries. It offers clarity on the merger control laws, cartel enforcement practices, rules on abuse of dominance, and investigation standards and methods applied by authorities in Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela.

Baker McKenzie’s experienced antitrust and competition professionals in Latin America prepared this handbook, drawing upon extensive knowledge of antitrust policy in their respective jurisdictions as well as experience in working with counterparts in Europe, the US and Asia. While the handbook is not a substitute for legal advice, I hope it serves as a practical resource for you.

You may request a copy of the complimentary handbook by filling the form in this link.


Carolina Pardo joined Baker McKenzie in 1994 and is a Partner of the Firm since 2008. She is currently a member of the Global Steering Committee for the Firm’s TMT industry group and of the Global Steering Committee for the Firm’s Investigation, Compliance and Ethics Group. She was a member of the Global Steering Committee for the Firm’s Global Antitrust and Competition from 2016 and until 2020 and is currently a member of the Latam's Antitrust Steering Committee.
She graduated as a lawyer and a specialist in International Contracts Law from Universidad de los Andes in Bogotá. She obtained a LL.M. with emphasis in International Private Law and Competition Law from the London School of Economics and Political Science.
Over 25 years, she has advised major national and international clients on matters related to compliance with data protection, competition and consumer law rules. She has represented clients in investigations and submissions related to data protection and competition matters in Colombia and has successfully coordinated and prepared white paper proposals to national authorities on behalf of major industrial groups in Colombia.
In 2016 Global Competition Review selected her as one of the 100 most influential women in antitrust. The last two Superintendents of Industry and Commerce have selected Carolina as a Non-Governmental Advisor to the Colombian Antitrust Regulator.