Cartel conduct is criminalised by Law No. 8,137 of 27 December 1990.
It is a criminal offence for an individual to act in any way intended to or otherwise able (whether or not the effects are achieved) to:
- limit, restrain or in any way injure open competition or free enterprise;
- control a relevant market or a certain product or service;
- increase profits on a discretionary basis; or
- abuse one’s market control.
This includes market allocation, price fixing, bid rigging and output limitation.
Between two and five years’ imprisonment. In certain specific circumstances this can substituted with a fine.
Cartel conduct is not criminalised.