New Brazilian Antitrust Law in force
Following a six-month vacatio legis, the new Brazilian Antitrust Law came into force yesterday (May 29th, 2012). In the last 6 months, many rumours spread and a great deal of uncertainty led to a wave in the antitrust filings: the figures are not yet clear, but a high number of transactions was notified in advance in order to avoid the need of a clearance to implement the transactions.
Yesterday, the CADE released the final version of 4 regulations which will shape the new regime. Even though the rules may always be subject to criticism, they are going to be tested in the next months. Unofficially, some Commissioners admit that the regulations may be amended as practice requires.
In the next days, I will be analysing the regulations. My next posts will provide an overview of the main changes in the competition regime.