Market Intelligence

Brazil's competition authority CADE has gathered over 2,000 documents in an investigation involving more than 50 major Brazilian and multinational companies accused of systematically exchanging sensitive information about salaries, wage adjustments, and benefits. The case, originating from a 2020 leniency agreement and covering alleged conduct from 1994 to 2021, raises critical questions about where legitimate benchmarking ends and anticompetitive information sharing begins.