Brazil Praised For Quick Merger Review, But It's Early Days Yet

Law360, New York (October 17, 2012, 8:35 PM EDT) -- Brazil's antitrust watchdog approved a joint venture between two banks Wednesday in its first review of a potentially anti-competitive deal under its new competition law, but while the quick clearance of the transaction is a good sign, it remains too soon to tell whether the regulator will be equally speedy with more complex deals.

The general superintendence for Brazil's Administrative Council for Economic Defense, or CADE, signed off on a direct payroll loan joint venture between Itau Unibanco SA and Banco BMG SA in just 48...
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