Answer ... It is important that a transaction is not closed until the approval of the Competition Board has been obtained, in order to avoid monetary fines and legal status risks, as explained in question 7.1. Therefore, although Law 4054 sets no specific deadline for filing, it is advisable to file the transaction at least 60 calendar days before closing.

For the sake of completeness, a case-by-case analysis is required to provide an estimate of the time it would take to put together the filing. Nevertheless, the timeframe required to prepare and finalize a notification form depends heavily on the effectiveness of the information flow and the responsiveness of the transaction parties.