COVID-19: COFECE Sends Warning About Recommendation That Could Cause Anti-Competitive Issues

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The Investigating Authority of the Federal Economic Competition Commission (COFECE) sent a warning to the National Association of Real Estate Developers (ADI Mexico) in response to the recommendation that this association made among its members, in the context of the situation generated by COVID-19, with respect to the granting of discounts and benefits to tenants who are up to date with their payments. It should be noted that the recommendation made by ADI Mexico is not itself contrary to the Federal Law on Economic Competition (Competition Law), but it could become an absolute monopolistic practice if the recommendations are established in agreements whose purpose or effect is to determine a fee or to determine the maximum discounts to be granted to tenants and/or lessees.

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About the author

Alberto Esenaro

I am a Mexican lawyer with experience in technology, energy, automotive, infrastructure and business. Worked for law firms, international companies and Government bodies on business advice, regulatory compliance and litigation.

By Alberto Esenaro

About Author

Alberto Esenaro

I am a Mexican lawyer with experience in technology, energy, automotive, infrastructure and business. Worked for law firms, international companies and Government bodies on business advice, regulatory compliance and litigation.

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