Latin American enforcers commit to leniency principles

The competition authorities of Brazil, Mexico, Peru, Argentina and Chile have signed a joint statement on shared principles that will guide the implementation of their leniency regimes – following recent controversy in the region about the confidentiality of submitted applications.

Latin American enforcers commit to leniency principles
Credit: iStock.com/andDraw

In their statement, the authorities reiterated their commitment to offering full immunity to first-in-line leniency applicants, as well as keeping the identity of leniency signatories confidential. They also noted the importance of transparency, with clear guidance on the conditions of leniency programmes, including the obligations and rights of those that submit applications.

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