Brazilian Watchdog Fixes Rules For Cartel Settlements

Law360, New York (March 8, 2013, 7:36 PM EST) -- Brazil's antitrust watchdog on Friday laid out new rules for its settlement program requiring companies to admit that they participated in a cartel in order to win reduced fines and giving the agency's top enforcer greater authority to negotiate and propose deals.

The Administrative Council for Economic Defense, or CADE, signed off on several key changes to the way it negotiates deals with companies that are willing to cooperate with the agency to settle an antitrust case but are not the first to file for leniency....
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