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- W1594934888 abstract "The impact of the newly adopted Decision 608 of the Andean Community in Competition Law definitely has been very positive, quite differently of past Decision 285, which did not bring any outcome.This new Decision has novel features that empower the Community's executive branch to act directly within the Member States through its own proceedings, impose stiff fines, up to 10% of revenues and even the possibility to instruct Member States' governments to repeal regulations when they unjustifiably hamper competition, which mean breaching the law in terms of Community Law hence signifying that aggrieved subjects are entitled to claim damages.The aim of this article is to analyse the better way to use these new rules, particularly how the government as the main economic agent did not fall aside since Competition Law is not exclusively for the private sector, specially owing into account that interventionism is the prevailing economic thought within the region.It is cardinal, however, consider that we need Member States and the society as well truly and willingly engaged with the new regime to allow the CAN fulfil its goals benefiting this way the market." @default.
- W1594934888 created "2016-06-24" @default.
- W1594934888 creator A5010114947 @default.
- W1594934888 date "2008-09-04" @default.
- W1594934888 modified "2023-09-26" @default.
- W1594934888 title "Decision 608 of the Andean Community: A Step Forward Towards a Stronger Antitrust Law Within the Region (Decision 608 De La Comunidad Andina: Un Paso Adelante Para el Sistema Antimonopolios de la Region)" @default.
- W1594934888 hasPublicationYear "2008" @default.
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