Miguel del Pino discussed Argentina’s new pre-merger control regime in La Nación

Our partner Miguel del Pino, a specialist in Competition Law, was featured in a La Nación article on one of the most significant regulatory changes for the M&A market in Argentina: the entry into force of the pre-merger control system for economic concentrations established under Law No. 27,442.

Until now, transactions covered by the law could be closed and notified to the competition authority afterwards. Under the new regime, buyers will have to wait for regulatory clearance before closing, transferring shares and completing payment, bringing Argentina in line with the standards applied in most of the world. 

The article gathers the views of various specialists, who agree that the new regime is a step forward but warn that the key issue will be how quickly the State can process filings. 

In this context, Miguel highlighted the importance of an efficient and predictable implementation:

“The challenge will be for the new system to operate with reasonable timeframes, clear criteria and sufficient predictability. Prior authorization is a common mechanism in the world’s main jurisdictions and should not, in itself, be an obstacle to investment. What will matter is its practical implementation, so that it protects competition without introducing unnecessary delays or uncertainty into the M&A market.”

The full article (in Spanish) is available at the following link: https://www.lanacion.com.ar/economia/negocios/las-fusiones-y-adquisiciones-entran-en-una-nueva-era-regulatoria-nid10112026/