ARTICLE · 01 FEBRUARY 1999
Practices Against Free Competition In Colombia
Jose Elias Del Hierro of Parra, Rodriguez, Cavelier discusses practices against free competition in Colombia.
In 1959, with the enactment of Law 155, Colombia established its first legislation seeking to prevent restrictive trade practices.
Such legislation and its modifications and additions prohibits covenants or agreements with the direct or indirect purpose of limiting production, supply, distribution or consumption of raw materials, national or foreign products, goods or services, and, in general, all kinds of practices and procedures or systems tending to limit free competition and maintain and/or fix unfair prices.
To develop these general principles, a series of regulations have been issued to date, as follows:
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