Lawyer Monthly Magazine - February 2020 Edition

Carolina Vera Matiz What is considered an unfair trade practice in Colombia? It is important to say that inColombia, regulations regarding trade practice cover two sides: • Regulations related to free practice, in general, have an aim to protect the proper functioning of the market in general. Such regulations are categorised into two main groups: restrictive agreements and abuse of dominant position. • Regulations related to unfair competition: According to How does competition law affect a business? Regulations in the field of protection, promotion and of maintaining competence, allow the free flow of a market; in any case of distortion, it is possible for the state to intervene in order to restore the free market economy. This allows businesses to maintain and develop as a strong competitor in their field, fairly. In this quick interview, we speak to Carolina Vera Matiz on unfair trade practice in Colombia and how unfair competition is sanctioned. Contact: Carolina Vera Matiz, Partner BOGOTÁ - COLOMBIA Calle 70 A No. 11 - 43, Bogotá D.C. Colombia. Tel-Fax: (+57-1) 3176650 / 3127928 QUITO-ECUADOR Avda. 6 de diciembre y la niña - Edificio Multicentro Ofc.603 Tel. (+59-3) 2 255 5208 (+57-1) 3176650 Ext. 200 www.veraabogados.com https://twitter.com/VERAABOGADOS https://www.facebook.com/ VERAAbogadosAsociados/ 34 WWW.LAWYER-MONTHLY.COM | FEB 2020 An InterviewWith “Regulations related to free practice, in general, have an aim to protect the proper functioning of the market in general”