The following Competition guidance note Produced in partnership with Barbosa Müssnich & Aragão Advogados provides comprehensive and up to date legal information covering:
A conversation with José Inácio F. de Almeida Prado Filho, partner, Luis Bernardo Cascão, partner, Marcos Exposto, partner, and Isadora Postal Telli, associate, at Brazilian law firm Barbosa, Mussnich & Aragao Advogados, on key issues on merger control in Brazil.
NOTE–to see whether notification thresholds in Brazil and throughout the world are met, see Where to Notify.
Since the enactment of the Brazilian Competition Law in 2012, the Administrative Council for Economic Defense (CADE) has focused in increasing its institutionalization by issuing guidelines (eg gun-jumping practices, remedies on mergers, horizontal merger review), and also and preparing sectoral studies (eg health insurance, hospitals, air transportation, ports, education, gas).
In addition, the CADE has also entered into several cooperation agreements with governmental agencies and regulators (eg the Central Bank of Brazil, the Brazilian Industrial Property Office (INPI), the Brazilian Securities and Exchange Commission (CVM), the Brazilian Civil Aviation Agency (ANAC), etc.).
Between July and October 2019, there was a temporary suspension by the CADE’s Tribunal of all merger deadlines due to a lack of quorum. This was ended when new members were appointed to the Tribunal.
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