A Latin American antitrust crossroad
I was reading the news this morning and I found an interesting piece of news involving antitrust enforcement in Latin America: the Chilean Antitrust Authorities (TDLC) put the merger between LAN (Chilean’s largest air carrier) and TAM (Brazilian’s largest air carrier) on hold. Following the request of a consumer association worried about the concentration in Santiago-São Paulo trunk route, the Chilean TDLC put the merger on hold (click here for the full content), but the CADE did not object the merger (at least, not up to the moment).
I have been following antitrust news in Brazil for more than one decade and this seems to be the first case involving a Latin American merger which has to deal with contradictory decisions coming from different jurisdictions. Although the US and the EU have always had their disputes over jurisdiction, I had never heard of something similar in Latin America. Maybe it is time to start how to solve this kind of conflict, which tends to become more and more often.
It would be interesting to hear something from our Chilean readers.