New antitrust bill approved by the Brazilian Parliament

A new antitrust bill has been approved last week by the Brazilian Parliament. The bill has still to be approved by the President Dilma Rousseff and published in the Official Gazette.

It will not come into force before 180 days of its publication. During this time, the authorities will prepare the transition for the new system.

The bill creates the mandatory pre-merger notification, with severe fines for gfun jumping, and a new structure for the antitrust bodies. Thresholds for mandatory notification will be 400 million Reais (for at least one of the Applicants' Group in Brazil) plus 30 million Reais of the other Group, replacing the current alternative criteria (400 million Reais for at least one of the Groups in Brazil or the transaction resulting in a market share of 20% of more in at least one relevant market).

Other relevant modifications include a new system of fines for anticompetitive behavior (for companies and individuals).

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