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New Zealand’s new antitrust bill weakens enforcement by allowing voluntary remedies and fast-tracked mergers, raising concerns about corporate power and consumer protection.
New Zealand’s Commerce (Promoting Competition and Other Matters) Amendment Bill faces criticism for weakening antitrust enforcement by replacing mandatory asset sales after mergers with unenforceable voluntary “behavioural remedies.” A 45-day fast-track process allows collaborative business conduct to proceed unless blocked, creating a “silence equals consent” loophole favoring large firms.
The bill lacks safeguards against algorithmic collusion and predatory pricing, and grants broad exemptions that may protect dominant companies.
Critics say it reflects corporate influence and fails to address systemic competition issues, urging lawmakers to reject the bill and pursue stronger, enforceable reforms to protect consumers.
El nuevo proyecto de ley antimonopolio de Nueva Zelanda debilita la aplicación al permitir recursos voluntarios y fusiones aceleradas, lo que plantea preocupaciones sobre el poder de las empresas y la protección del consumidor.