Brazil: CADE to set merger clarifications

It has been two years since the enactment of the Brazilian Antitrust Law, which replaced the previous merger notification system, this new system is about to receive some needed updates CADE announced.

The Administrative Council for Economic Defence (CADE) announced that they are setting clarifications of those aspects of Brazil’s new merger notification system that require adjustment to allow for a more transparent, consistent and efficient manner to address antitrust assessments.

The changes aim at addressing material and procedural aspects of the merger clearance system, as well as behavior- and compliance-related aspects that may not have been addressed sufficiently by the Brazilian Antitrust Law or its regulations.

President Carvalho has announced that the regulation drafts that shall be submitted for public consultation will provide clearer grounds concerning the procedures to be observed in pre-notification consultancies and general consultancies.

Full Content: Mondaq

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