Brazil's Antitrust Authority Releases Proposal Of Guidelines For Competition Compliance Programs

The Administrative Council for Economic Defense ("CADE") has recently made a preliminary version of Guidelines for Competition Compliance Programs available for public consultation. This initiative aims to establish general, non-binding directives for companies on what competition compliance programs are, how they can be implemented, and the benefits and importance of adopting them. Until October 18, CADE will be welcoming public feedback on its preliminary version.

The guidelines draw attention to the benefits of adopting robust compliance programs, including: (i) prevention of risks, (ii) early detection of problems, (iii) identification of infringements by other companies, (iv) reputational benefits, (v) employee awareness; and (vi) a reduction in costs and contingences.