Reflections On Brazilian Cartel Enforcement

Law360, New York (January 4, 2011, 2:50 PM EST) -- Cartel enforcement is a top priority for almost all competition/antitrust authorities around the world. Currently, there are more than 100 countries with specific pieces of legislation to regulate cartel enforcement and other competition issues. Brazil is one of them and has been very active in this field. However, Brazil and other jurisdictions are applying huge and simultaneous fines, which may either lack concrete criteria or be a death sentence for defendants.

The Brazilian Competition Act[1] is the main statute governing competition issues in Brazil. It has...
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