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ARTICLE · 09 APRIL 2014

Brazilian Competition Policy In Global Context: Achievements And Challenges

Mayer Brown
Mayer Brown
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Enforcement of antitrust law in Brazil has continued its trend toward consolidation and evolution.

BrazilAntitrust/Competition Law

Keywords: competition, antitrust, mergers, Administrative Council for Economic Defence, CADE, Brazilian System for Economic Defence, SBDC,

Enforcement of antitrust law in Brazil has continued its trend toward consolidation and evolution.1 Brazil's economic growth has resulted in more complex transactions being submitted to merger control, as well as more complex and veiled antitrust investigations. In turn, this has increased the visibility and relevance of the Brazilian System for Economic Defence (SBDC) and, especially, of the Administrative Council for Economic Defence (CADE), the country's main antitrust agency.2

According to CADE's 2012 Annual Report, CADE has increased the number of its technical staff, and given them more responsibility, resulting in a rise in the number of cases analyzed per year: from 666 in 2005 to 955 in 2012, out of which 825 were merger filings notified under the old regime and 102 merger filings submitted under the new regime. In the

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