Blog Antitrust

Antitrust

26agosto

FIVE YEARS STATUTE OF LIMITATION FOR EXCHANGE OF SENSITIVE INFORMATION

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The court of CADE (Brazilian antitrust authority) unanimously recognized the application of the term of five years for statute of limitation for conducts of exchange of sensitive information, with the twelve years statute of limitation remaining applicable to cartel conducts. Under this premise, the court shelved an administrative proceeding ...

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21julho

CADE resumes the countdown of procedural deadlines

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CADE confirmed to resume the countdown of the deadlines imposed on defendants in the following proceedings: (i) proceedings with formal charges that can result in fines (cartel and unilateral conduct investigations); (ii) proceedings to investigate failure to comply with merger control rules (APAC), and (iii) proceedings that can result in ...

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30junho

WHAT’S HAPPENING AT CADE

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On June, 27 transactions were submitted before CADE (in the same period in 2019, there were 45 filings). CADE approved 31 (… and … under the fast track and ordinary regimes, respectively). The average review time was 16 and 90 for fast track and ordinary, respectively.

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26junho

PAYMENTS VIA WHATSAPP

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CADE issued an injunction to block the Facebook/Cielo collaborative agreement enabling payments via the WhatsApp messaging application in Brazil for the following reasons: (i) Cielo has a high share in the market of payment certification, while WhatsApp has millions of users in Brazil, ensuring a significant market power to Cielo; (ii) such ...

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18junho

GENZYME VERSUS CADE

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CADE closed a sham litigation investigation against Genzyme. The company was accused by EMS and Germed of launching judicial and administrative lawsuits, promoting smear campaign, predatory pricing and product switching to block competitors in the domestic market for sevelamer hydrochloride drugs, which treat high phosphate levels in the blood.

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03junho

COMPANIES AND INDIVIDUALS

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CADE convicted two companies and four individuals on participating in a marine fender bid rigging cartel. The investigation is derived from the marine hose cartel convicted in 2017.

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01junho

NEW ARRIVALS IN CADE

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Economist Patricia Morishita took office as the new Deputy General Superinendent at CADE responsible for the merger control and unilateral conduct division. Ms. Morishita is former Deputy Chief Economist at CADE and has replaced theeconomist Kenys Menezes Machado in that post.

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