José Elias Del Hierro of Parra, Rodriguez, Cavelier reviews powers of administrative authorities with regards to free competition and cites forthcoming decisions.
According to Colombian law (Decree 2153 issued in 1.992), the Superintendency of Industry and Commerce (SIC), is the authority empowered to enforce all rules and regulations regarding the promotion of the free competition and restricted commercial practices.
Acting accordingly SIC may take the following actions:
- a.Order preventive measures, suspend behavior and acts contrary to competition law.
- b.Begin investigations at its own initiative or through complaints filed by third parties in connection with possible violations of competition law.
