Brazil's New Leniency Plan Leaves Cartel Fines Hazy

Law360, New York (December 14, 2012, 9:23 PM EST) -- Brazil's antitrust authority unveiled proposed rules Friday for slashing cartel fines for companies that come clean about their role in a price-fixing plot, but attorneys say uncertainty about just how the watchdog calculates antitrust fines may undermine the effort to convince more companies to come forward.

The Administrative Council for Economic Defense, or CADE, laid out the percentage discounts it would offer companies that agree to settle cartel cases but are not the first to file for leniency. While the agency already allows defendants to negotiate...
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