1. Introduction
The Administrative Council for Economic Defense – CADE is
the Brazilian Antitrust Authority in charge of investigating and
punishing anticompetitive conducts, including conducts carried out
abroad if they may produce effects in Brazil. Article 2 of the
Brazilian Antitrust Law (Law N. 12,529/2011) establishes that its
enforcement is not limited to conducts performed within the
national territory, but it also includes conducts performed abroad
that may produce effects in Brazil, even if such effects are not
achieved.1
CADE has developed an effects theory when analyzing
international conducts that may have effects in Brazil,
particularly international cartels. This chapter provides an
overview of the relevant decisions in which CADE established this
cause-effect connection between conducts abroad and their possible
effects in the Brazilian markets.
