Displaying items by tag: Competition Law

The Board of Directors (CD) of the Superintendencia de Competencia (SC)fined the Asociación Salvadoreña de Transportistas Internacionales de Carga (ASTIC) with US$87,600.00 for lack of collaboration by not submitting information requested by the institution in the framework of the ex officio initiation of preliminary proceedings in the Central American freight transportation market in order to seek indications of possible violations to the Competition Law (LC) related to anti-competitive practices in this essential sector for the supply chain in imports and exports of El Salvador and the region.

The Legislative Assembly approved the package of reforms to the Competition Law (LC), with this law will seek to facilitate healthy competition among companies operating in the country, favor the interpretation of the LC and the Administrative Procedures Law (LPA) at the time of its application and safeguard the legal certainty of companies.