{"id":1816,"date":"2023-03-14T12:14:59","date_gmt":"2023-03-14T12:14:59","guid":{"rendered":"https:\/\/fernandez-espino.com\/?p=1816"},"modified":"2023-12-07T22:36:57","modified_gmt":"2023-12-07T22:36:57","slug":"cofece-imposes-62-million-peso-fine-on-two-companies-for-failing-to-comply-with-the-merger-notification-procedure","status":"publish","type":"post","link":"https:\/\/fernandez-espino.com\/esp\/cofece-imposes-62-million-peso-fine-on-two-companies-for-failing-to-comply-with-the-merger-notification-procedure\/","title":{"rendered":"COFECE imposes 62 million peso fine on two companies for failing to comply"},"content":{"rendered":"\n[et_pb_section fb_built=&#8221;1&#8243; disabled_on=&#8221;on|on|off&#8221; _builder_version=&#8221;4.20.1&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#deebf9&#8243; custom_margin=&#8221;||||false|false&#8221; custom_margin_tablet=&#8221;||||false|false&#8221; custom_margin_phone=&#8221;||||false|false&#8221; custom_margin_last_edited=&#8221;on|desktop&#8221; custom_padding=&#8221;1px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row use_custom_gutter=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;90%&#8221; max_width=&#8221;1920px&#8221; max_width_tablet=&#8221;&#8221; max_width_phone=&#8221;&#8221; max_width_last_edited=&#8221;on|desktop&#8221; custom_margin=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.1&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;ivypresto-h-regular||||||||&#8221; header_text_color=&#8221;#14315D&#8221; header_font_size=&#8221;40px&#8221; header_line_height=&#8221;1.2em&#8221; global_colors_info=&#8221;{}&#8221;]<h1>COFECE imposes 62 million peso fine on two companies for failing to comply with the merger notification procedure<\/h1>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.20.1&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#EFEFEF&#8221; custom_padding=&#8221;||0px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; width=&#8221;85%&#8221; animation_style=&#8221;fade&#8221; animation_delay=&#8221;250ms&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;http:\/\/fernandez-espino.com\/wp-content\/uploads\/2023\/03\/pexels-vlada-karpovich-6114998_blue.png&#8221; title_text=&#8221;pexels-vlada-karpovich-6114998_blue&#8221; _builder_version=&#8221;4.20.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;||||||||&#8221; text_text_color=&#8221;#454C5C&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;1.4em&#8221; header_font=&#8221;ivypresto-h-regular||||||||&#8221; header_text_color=&#8221;#14315D&#8221; header_font_size=&#8221;33px&#8221; header_line_height=&#8221;1.2em&#8221; text_orientation=&#8221;justified&#8221; global_colors_info=&#8221;{}&#8221;]<p><strong><\/strong><\/p>\n<p style=\"text-align: justify;\"><em>Antitrust\u00a0 I\u00a0 March 14th, 2023<\/em><\/p>\n<h1 style=\"text-align: left;\"><strong><span style=\"font-weight: 400;\">COFECE imposes 62 million peso fine on two companies for failing to comply with the merger notification procedure<\/span><\/strong><\/h1>\n<p><strong><span style=\"font-weight: 400;\"><\/span><\/strong><\/p>\n<p><strong><span style=\"font-weight: 400;\"><\/span><\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The Federal Economic Competition Commission (\u201c<\/span><b>COFECE<\/b><span style=\"font-weight: 400;\">\u201d), the autonomous agency responsible for ensuring fair competition in Mexican markets, imposed a sanction on HP, Inc. (HP) and Plantronics, Inc. (POLY) for prematurely closing a merger before COFECE issued its resolution. The total amount of the sanction is around MXP 62 Million Pesos (approximately USD 3.5 Million Dollars), as both companies failed to comply with the provisions of the Federal Antitrust Law.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In dealing with certain thresholds, the merger notification process is mandatory and it involves fulfilling certain obligations, starting with the filing of the merger notification before COFECE. The process ends with the issuance of a resolution by COFECE, which may authorize, deny, or subject the authorization of the merger to certain conditions. The Federal Antitrust Law specifically imposes the obligation to first obtain a resolution that authorizes or conditions the merger transaction before completing same.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On August 29<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\">, 2022, HP indirectly acquired all shares and control of Poly. This triggered a verification procedure by COFECE to determine whether the transaction should have been notified and to analyze whether it posed any risks to fair competition and free market processes.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once the verification procedure was completed, COFECE determined that the transaction did not pose any risks to the fair competition and free market process, thereby granting authorization for the merger. However, due to HP\u2019s and Poly\u2019s omission to notify the merger as required by the Mexican Antitrust Law, COFECE imposed the above-mentioned sanctions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unfortunate cases like this prove how valuable it is to rely on preventive legal advice in any commercial transaction, to avoid preventive actions commonly referred to as \u201cgun jumping\u201d.<\/span><\/p>\n<p style=\"text-align: justify;\">[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_divider color=&#8221;#14315D&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.22.1&#8243; 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Edgar Allan Poe #215 Col. Polanco C.P. 11550 Ciudad de M\u00e9xico, CDMX.<\/p>\n<p>Tel. +52 (55) 5545 2987<\/p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; header_5_font=&#8221;sf-pro-medium|700|||||||&#8221; header_5_text_color=&#8221;#14315D&#8221; custom_margin=&#8221;||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h5>USA Mailing Address<\/h5>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Roboto|300|||||||&#8221; text_text_color=&#8221;#454C5C&#8221; text_font_size=&#8221;15px&#8221; text_line_height=&#8221;1.4em&#8221; header_5_font=&#8221;sf-pro-medium|700|||||||&#8221; header_5_text_color=&#8221;#14315D&#8221; custom_margin=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<p>USA Mailing Address 3800 N. Mesa St. A-2, 357 El Paso, TX, USA, 79902.<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.20.0&#8243; _module_preset=&#8221;default&#8221; width=&#8221;85%&#8221; max_width=&#8221;85%&#8221; custom_margin=&#8221;||||false|false&#8221; custom_margin_tablet=&#8221;||-50px||false|false&#8221; custom_margin_phone=&#8221;||-50px||false|false&#8221; custom_margin_last_edited=&#8221;on|desktop&#8221; custom_padding=&#8221;10px||10px||true|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_divider color=&#8221;#14315D&#8221; divider_weight=&#8221;1px&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;23px||-13px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; disabled_on=&#8221;on|on|off&#8221; _builder_version=&#8221;4.20.0&#8243; _module_preset=&#8221;default&#8221; width=&#8221;85%&#8221; max_width=&#8221;85%&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Roboto|300|||||||&#8221; text_text_color=&#8221;#454C5C&#8221; text_font_size=&#8221;15px&#8221; header_text_align=&#8221;left&#8221; global_colors_info=&#8221;{}&#8221;]<p style=\"text-align: left;\">2022 Fern\u00e1nez &#038; Espino. 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global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;85%&#8221; max_width=&#8221;85%&#8221; custom_padding=&#8221;5px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; header_5_font=&#8221;sf-pro-medium|700|||||||&#8221; header_5_text_color=&#8221;#14315D&#8221; custom_margin=&#8221;||20px|||&#8221; global_colors_info=&#8221;{}&#8221;]<h5>Ciudad Ju\u00e1rez, Chih.<\/h5>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Roboto|300|||||||&#8221; text_text_color=&#8221;#454C5C&#8221; text_font_size=&#8221;15px&#8221; text_line_height=&#8221;1.4em&#8221; header_5_font=&#8221;sf-pro-medium|700|||||||&#8221; header_5_text_color=&#8221;#14315D&#8221; custom_margin=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<p>Blvd. Tom\u00e1s Fern\u00e1ndez #8592-3 Bosques de Senec\u00fa C.P. 32459 Ciudad Ju\u00e1rez, Chihuahua.<\/p>\n<p>Tel. +52 (656) 688 7500<\/p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; header_5_font=&#8221;sf-pro-medium|700|||||||&#8221; header_5_text_color=&#8221;#14315D&#8221; custom_margin=&#8221;||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h5>Ciudad de M\u00e9xico, CDMX.<\/h5>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Roboto|300|||||||&#8221; text_text_color=&#8221;#454C5C&#8221; text_font_size=&#8221;15px&#8221; text_line_height=&#8221;1.4em&#8221; header_5_font=&#8221;sf-pro-medium|700|||||||&#8221; header_5_text_color=&#8221;#14315D&#8221; custom_margin=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<p>C. Edgar Allan Poe #215 Col. Polanco C.P. 11550 Ciudad de M\u00e9xico, CDMX.<\/p>\n<p>Tel. +52 (55) 5545 2987<\/p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; header_5_font=&#8221;sf-pro-medium|700|||||||&#8221; header_5_text_color=&#8221;#14315D&#8221; custom_margin=&#8221;||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h5>USA Mailing Address<\/h5>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Roboto|300|||||||&#8221; text_text_color=&#8221;#454C5C&#8221; text_font_size=&#8221;15px&#8221; text_line_height=&#8221;1.4em&#8221; header_5_font=&#8221;sf-pro-medium|700|||||||&#8221; header_5_text_color=&#8221;#14315D&#8221; custom_margin=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<p>USA Mailing Address 3800 N. Mesa St. A-2, 357 El Paso, TX, USA, 79902.<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;85%&#8221; max_width=&#8221;85%&#8221; custom_margin=&#8221;||-50px||false|false&#8221; custom_margin_tablet=&#8221;||-50px||false|false&#8221; custom_margin_phone=&#8221;||-50px||false|false&#8221; custom_margin_last_edited=&#8221;on|desktop&#8221; custom_padding=&#8221;0px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_divider color=&#8221;#14315D&#8221; divider_weight=&#8221;1px&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;85%&#8221; max_width=&#8221;85%&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.0&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Roboto|300|||||||&#8221; text_text_color=&#8221;#454C5C&#8221; text_font_size=&#8221;15px&#8221; header_text_align=&#8221;left&#8221; global_colors_info=&#8221;{}&#8221;]<p style=\"text-align: left;\">2022 Fern\u00e1nez &#038; Espino. All Rights Reserved.<\/p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.0&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Roboto|300|||||||&#8221; text_text_color=&#8221;#454C5C&#8221; text_font_size=&#8221;15px&#8221; link_text_color=&#8221;#454C5C&#8221; custom_margin=&#8221;-20px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<p><a href=\"https:\/\/fernandez-espino.com\/privacy-policy-2\/\">Privacy Policy<\/a>\u00a0 I\u00a0 <a href=\"https:\/\/fernandez-espino.com\/terms-of-use\/\">Terms of Use<\/a><\/p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Roboto|300|||||||&#8221; text_text_color=&#8221;#454C5C&#8221; text_font_size=&#8221;15px&#8221; custom_margin=&#8221;-20px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<p style=\"text-align: left;\">Powered by Apolograma Interactive Studio<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p>COFECE imposes 62 million peso fine on two companies for failing to comply with the merger notification procedure Antitrust\u00a0 I\u00a0 March 14th, 2023 COFECE imposes 62 million peso fine on two companies for failing to comply with the merger notification procedure The Federal Economic Competition Commission (\u201cCOFECE\u201d), the autonomous agency responsible for ensuring fair competition [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1828,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"2880","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[51],"tags":[],"class_list":["post-1816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-antitrust"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/fernandez-espino.com\/esp\/wp-json\/wp\/v2\/posts\/1816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fernandez-espino.com\/esp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fernandez-espino.com\/esp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fernandez-espino.com\/esp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fernandez-espino.com\/esp\/wp-json\/wp\/v2\/comments?post=1816"}],"version-history":[{"count":2,"href":"https:\/\/fernandez-espino.com\/esp\/wp-json\/wp\/v2\/posts\/1816\/revisions"}],"predecessor-version":[{"id":2507,"href":"https:\/\/fernandez-espino.com\/esp\/wp-json\/wp\/v2\/posts\/1816\/revisions\/2507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fernandez-espino.com\/esp\/wp-json\/wp\/v2\/media\/1828"}],"wp:attachment":[{"href":"https:\/\/fernandez-espino.com\/esp\/wp-json\/wp\/v2\/media?parent=1816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fernandez-espino.com\/esp\/wp-json\/wp\/v2\/categories?post=1816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fernandez-espino.com\/esp\/wp-json\/wp\/v2\/tags?post=1816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}