CADE's 511ª Section that happened yesterday, March 28th was the fastest in the history of the Board.
With all the concentration acts being approved in the fast track analysis, and just one cartel case (on oil sector) dismissed, the section lasted only 25 minutes. Cases of Hypermarcas, Novartis and Odebrecht and EBX Groups were all cleared.
From May 30 on, Brazilian Antitrust Law will demand previous analysis and approval.
Showing posts with label Bill antitrust. Show all posts
Showing posts with label Bill antitrust. Show all posts
10/11/2011
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).
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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