New Brazilian Antitrust Rules May Speed Some Merger Reviews

Law360, New York (March 20, 2012, 9:25 PM EDT) -- Brazil's antitrust watchdog laid out plans for limited reviews of certain types of transactions that pose little risk to competition, but stopped short of setting a firm timetable for the simplified procedure in much-anticipated guidelines issued Monday explaining how the country's new competition law will work.

The Administrative Council for Economic Defense, known as CADE, put out three draft regulations for public comment as the May 29 switch to the new law, which among other changes completely overhauls Brazil's merger control system, creeps closer.

Two of...
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