Event on the temporary union of companies and the defence of competition
From an economic perspective, the UTE makes perfect sense. However, there may be risks of restricting competition.
IE Center for Transport Economics & Infrastructure Management organized an event on the temporary union of companies and the defence of competition on the IE University Campus with the participation of Herbert Smith Freehills.
On many occasions, opportunities can arise in the market and make collaboration among companies advisable. Likewise, Public Administrations may also need to contract private services for the fulfillment of their purposes. All this can be translated into financial, economic and / or public order advantages. However, it exists the possibility of restricting competition in the process.
This event has served to discuss the contexts and processes in which a UTE is developed by counting with the opinion and expertise of first-level professionals in the field.
“The UTEs are neither necessarily anti-competitive nor necessarily lawful. They must be analyzed on a case-by-case basis.”
“UTEs are not something new. There is no resolution from the former CNC, the CNMC, nor from the Tribunal for the Defense of Competition that indicates that a UTE is illegal perse. The UTEs are neither necessarily anti-competitive nor necessarily lawful. They must be analyzed on a case-by-case basis.”- Mr. Oswaldo García-Hernán Ordóñez, CNMC Advisory Member.