While the economic system has historically undervalued or ignored environmental costs, it has increasingly become an area of attention for the antitrust community – especially in Europe – as the global climate crisis intensifies. Principal and leader of Brattle’s Latin American Antitrust & Competition practice Veronica Irastorza and Outside Expert Alejandra Palacios coauthored a recent Competition Policy International article on competition law’s role in not obstructing private sector collaborative efforts towards environmental sustainability. The article focuses on how Mexico can best support sustainability efforts that do not considerably harm competition.
The authors outline a high-level proposal for a mechanism – a new review process established in Mexico’s secondary bylaws – that is different from the current traditional merger review and in which the Mexican antitrust authority, COFECE, would review contractual joint venture agreements. They suggest a more modern approach that could assure parties involved in sustainability collaboration agreements that, under certain circumstances, COFECE does not intend to bring enforcement action.
The full article, “Green Deal: A Proposal to Revamp the Mexican Review of Collaborative Agreements in the Context of the Climate Crisis,” is available below.View Article