Aiming to optimize its internal procedures in merger control and behaviour cases, CADE has issued five new administrative rules on September 22. Rules# 54, 55, 56 and 57 amend CADE's internal guidelines; for companies and individuals that are parties in antitrust proceedings in Brazil, new rules#54 and 57 should receive the greater attention.
While administrative rule#54 supresses CADE's duty of officializing its decision to the public by means of the publication of a summary of each decision in the Brazilian Official Gazette, new rule#57 sets forth new rules for the imposion of fines related to the submission of misleading information.
Finally, new administrative rule#58 establishes new mechanisms for the control/review of the truthfullness and veracity of the information provided by companies in merger control filings.
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