Mexico City, September 29th, 2020.
The Federal Economic Competition Commission (FECC) announced today that it has initiated investigation no. IO-002-2019 into potential collusive practices in the manufacturing and distribution market of waterproofing supplies in Mexico.
The FECC explained that, in addition to being a key input in the construction industry, waterproofing materials are also important for Mexican families that carry out preventive maintenance to their own homes.
The FECC may require economic agents in the relevant market to provide documents or information or conduct on-site inspections. In such cases, the Federal Economic Competition Law (FECL) forces such economic agents to cooperate with the FECC and provide it with the requested information.
On the other hand, the announcement of the investigation aims to provide any interested economic agent with the opportunity of contributing and providing any information it deems appropriate with relation to the investigated conduct or the circumstances which may be contrary to the FECL. Therefore, any person or company involved in the relevant market that considers that it may have been affected will have the opportunity to provide its view to the FECC.
The Competition and Antitrust Practice of the firm will be pleased to provide any additional information on the topic.
S I N C E R E L Y,
Amílcar Peredo
Fernanda Garza
León Jiménez
Carmina Paredes
cparedes@basham.com.mx
