Colombia’s Antitrust authority (“SIC”) released guidelines on the implementation of antitrust compliance programs teaching Companies on best practices to prevent the occurrence of restrictive trade practices.
The Guide establishes that compliance programs may be implemented voluntarily, or because of commitments adopted by companies, either by the acceptance of guarantees or by administrative orders of the Authority.
The Guide contains traditional risk management guidelines, such as identification, analysis, assessment and treatment, and emphasizes the importance of carrying out due diligence processes for the proper management of companies.
This publication shows strong SIC interest in strengthening preventive antitrust measures to mitigate corporate risks.
