Public Competition Enforcement Review
Mariana Villela, Leonardo Maniglia Duarte and João Marcelo Lima
Brazil has stood out in recent years as one of the most active jurisdictions in competition enforcement, and 2017 confirmed this trend. After five years of enforcement under the new Brazilian Competition Act, which entered into force in May 2012 and introduced a new system that concentrated the roles of three competition agencies into one, the new pre-merger review system, and also the revised rules to create better incentives and provide more legal certainty to leniency and settlement agreements, have both enabled the Administrative Council for Economic Defence (CADE) to function at a higher level of efficiency and improve the quality in its investigations and decisions.
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