PUERTO RICO

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Content last updated: 06-04-2020

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  • Merger Screening

2. Establishing jurisdiction for notification of mergers

2.3 General thresholds

2.3.1 Threshold(s) for when a concentration must be notified under the general merger control regime?

The Puerto Rico Monopoly Act prohibits business combinations that result in unreasonable restraint of trade or commerce in Puerto Rico.

Approval of a transaction is not a concept under the Monopoly Act but the Office of Monopoly Affairs of the Puerto Rico Department of Justice may issue an advisory opinion if voluntarily requested by the parties. A negative advisory opinion does not prohibit the proposed transaction.

A positive advisory opinion provides a degree of certainty.

The US Clayton Act, as amended by the Hart-Scott-Rodino Antitrust Improvements Act 1976, also applies in Puerto Rico. For more information, please see the knowledge base for the USA

https://legalcrossborder.com/knowledgebase/united-states

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and last updated on 06-04-2020 by

Legal Cross Border has itself provided all input about merger control in Puerto Rico. This information has been gathered and validated by our in-house lawyers to guarantee the highest quality outcome. This said, we are currently looking for a local partner to cover Merger Control Puerto Rico - please contact us if you would like to be our new partner.