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3 Rev. E-Mercatoria 1 (2004)

handle is hein.journals/revemerc3 and id is 1 raw text is: REVIST@ e - Mervatoria Volumen 3, Ntimero 1. (2004) INSTITUTIONS OF COMPETITION LAW THE COMPARATIVE ANALYSIS By David Ricardo Sotomonte Mujica* INTRODUCTION The aim of this paper is to compare and contrast the institutions involved in the regulation, implementation and enforcement of competition law and policy in the United Kingdom with those existing in Colombia. The comparison is made with the purpose of establishing the dimension of competition law around the world (that is why the analysis is between two different countries from two different systems of law) and to give and create an opinion about the globalisation of this multidisciplinary topic. In that sense, the essay is divided in three main sections: the first one, which describes competition law in both countries, in order to establish similarities and differences between them; the second, which describes the authorities involved in competition law and policy; and the third one, the conclusion of the comparison of both systems and their authorities. 1. Substantive Law Due to its importance and multidisciplinary status, competition law is spread all over British and Colombian Legislation, that is to say, both countries have some basic statutes and lots of delegated legislation based in those statutes, however, there are competition law based provisions included in many other enactments that are supposed to regulate matters unrelated to competition. This section deals with the basic legislation of the mentioned jurisdictions and when necessary, refers to the statutory instruments. 1.1. United Kingdom In the United Kingdom there have been a significant amount of legislative changes in order to adapt competition law to the needs of the market and its development, and of course, for implementing the EC Legislation. The most important acts in this order of * Abogado (Universidad Externado de Colombia). Especialista en Derecho de los Negocios (Universidad Externado de Colombia). Master en Asesorla Jurldica de Empresas MAJ (Instituto de Empresa de Madrid). LLM in Commercial Law (University of Glasgow and University of Strathclyde Glasgow, Escocia). Profesor investigador Departamento de Derecho Comercial Universidad Externado de Colmbia.

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