Brazil's New Rules On Cartel Fines Retain Broad Criteria

Law360, New York (March 23, 2012, 6:50 PM EDT) -- Brazil's antitrust watchdog shed more light Thursday on what portion of a company's revenues officials will use to calculate cartel fines under the country's new competition law, but the proposal still likely will leave companies facing penalties based on a broader share of their business than in other jurisdictions.

While the proposed regulations the Administrative Council for Economic Defense, known as CADE, issued earlier in the week focused on the upcoming overhaul to Brazil's merger control system, Thursday's draft regulation clarifies how the agency will set...
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