Amendments to Mexico’s Federal Law on Economic Competition
Luis Alberto Aziz and Danielle S. Fitzpatrick
Recent amendments to the Federal Law on Economic Competition (“FLEC”) significantly enhance the powers of the Federal Competition Commission (“FCC” or “Commission”), the agency charged with enforcing Mexico’s competition laws, to investigate and to impose sanctions for anticompetitive conduct. This article provides an overview of the FLEC, as well as the impetus for and a summary of the recent amendments. More »
What Are Chile’s Options for Meeting Its Rising Demand for Energy?
Matt Salo
Driven by trade liberalization and integration into the global economy, Chile has had one of the fastest-growing economies in Latin America over the past twenty years. More »
Mexico’s Class Action Law Closer to Taking Effect
Juan M. Alcalá
On August 8, 2011, Mexico published new class action legislation in the Official Gazette, thus, starting the six-month period for the legislation to take effect. With this piece of legislation, Mexico joins the ranks of more than twenty countries, including at least eight other Latin American countries that allow collective actions. This article provides a brief history of the new law, highlights its key provisions and outlines some of the key issues the new law will likely raise. More »
The Impact of the US Secretary of State’s Sanctions on PDVSA
Vera de Gyarfas
On May 24, 2011, the United States Secretary of State imposed sanctions on seven companies under the Iran Sanctions Act (ISA) of 1996, as amended by the Comprehensive Iran Sanctions, Accountability, and Divestment Act (CISADA) of 2010, for their activities in support of Iran's energy sector. One such company was Petróleos de Venezuela (PDVSA), Venezuela’s national oil company. More »
Evolving Energy Relations between the United States and Brazil: Actions and Expectations from the Presidential Visits
Kendall W. Carter
Brazil is currently the eighth-largest economy in the world, and is poised to become the fifth-largest economy in the next few years, surpassing both Great Britain and France. This is remarkable for a country which, in 2002, had to obtain a loan from the International Monetary Fund to avoid default on its debts. Though Brazil’s rise as an economic power appears swift, it is the result of years of careful planning on every level, particularly as regards energy policy. More »
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