Antitrust Law In Ecuador

Antitrust Law In Ecuador

Jan 23, 2017

Ecuador since October 2011 the Ecuadorian Congress issued a new Antitrust Law and the respective Regulations to the Law since April 2012.

Article 11 of the Law Prohibit Agreements and Practices between two or more economics operators related to the any commercial relationship which object or effect could to the possibility to limit the competence and that Article has more than 21 numerals that determinate when the conduct will prohibit.

Numeral 17 determinate that is prohibit between the parties in a commercial relation to establish the fix price to sell the products without a justification.

Numeral 19, determinate that establishing distributions agreements with exclusivity, clauses of non-competition or similar that will not have any justification will constitute agreements and practices against the law or prohibits.