Brazil Probes Steel Co. Over Abuse Of Market Dominance

Law360, New York (July 18, 2013, 6:07 PM EDT) -- Brazil's antitrust watchdog launched an investigation Wednesday into claims that Aperam Inox South America SA might be taking unfair advantage of its stranglehold over the country's stainless steel manufacturing to thwart imports and rivals.

The Administrative Council for Economic Defense, known as CADE, said it had opened administrative proceedings against the company after receiving complaints that Aperam, a unit of a metals company headquartered in Luxembourg, was abusing its dominance over the Brazilian stainless steel manufacturing market.

The probe is a response to complaints from distributor...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.