Mexico Congress passes tougher monopoly penalties: "Mexico's Congress approved tougher penalties Thursday under a new antitrust law, including significant fines for companies and up to 10 years in prison for their executives.
The change to the Federal Law of Economic Competition establish fines of up to 10 percent of a company's annual profit for monopolistic practices. Previously, companies were sanctioned only for engaging in such activities more than once.
The law also establishes prison sentences of between three and 10 years for company officials who approve agreements with competitors to manipulate prices of goods and services.
The Senate approved the law Thursday. The lower house already passed the law, and it now goes to President Felipe Calderon for signing."
The MexicoBlog of the Americas Program, a fiscally sponsored program of the Center for Economic and Policy Research (CEPR), is written by Laura Carlsen. I monitor and analyze international press on Mexico, with a focus on security, immigration, human rights and social movements for peace and justice, from a feminist perspective. And sometimes I simply muse.
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