Puerto Rico Legislative Proposal Aims to Combat Unfair Competition Practices

A recent meeting of the Camara de Representantes in Puerto Rico focused on proposed legislation aimed at combating unfair competition in the marketplace. The discussion centered around Project 664, which seeks to establish a new law prohibiting acts of unfair competition while amending existing monopolistic laws to allow affected individuals to file complaints.

The proposed legislation aims to create a framework for identifying and addressing unfair competition practices, which include deceptive acts, misleading omissions, aggressive tactics, and exploitation of others' reputations. The bill would enable individuals whose economic interests are harmed by such practices to choose whether to file their complaints with the Department of Consumer Affairs (DACO) or in court.

Key points raised during the meeting included the need for clarity on the jurisdiction of the proposed law and its interaction with existing regulations. The Department of Justice emphasized that while the new law would provide essential protections for consumers and promote a fairer market, it could also limit consumer rights if not carefully crafted. They recommended that the legislation remain broad enough to adapt to emerging unfair practices.

The meeting also highlighted the importance of establishing appropriate time limits for filing complaints. The proposed three-year period for actions under the new law contrasts with a four-year limit under existing monopolistic laws, which could create confusion for consumers seeking recourse.

As the legislative process continues, stakeholders are encouraged to consider these recommendations to ensure that the new law effectively protects consumers while fostering a competitive marketplace. The next steps will involve further discussions and potential amendments to refine the proposed legislation before it is put to a vote.