A Few Possible Flaws In Brazil's New Competition Law

Law360, New York (December 22, 2011, 2:03 PM ET) -- On Dec. 1, 2011, Brazil’s new competition law was published in its final form, having been approved by President Dilma Rousseff. The new law goes into effect on May 29, 2012.

Before approving the new law, Rousseff vetoed several provisions that affect timing of review, settlement procedures and transitional measures.

The new law transforms merger review in Brazil by requiring parties to reportable mergers to notify and obtain antitrust approval prior to consummating the transaction. This article highlights key features of the new law, as amended...
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