The Public Competition Enforcement Review 2019
In 2018, the Administrative Council for Economic Defence (CADE), the Brazilian competition agency, maintained the efficiency presented in previous years and tried to boost the authorities’ institutional strength. After six years of enforcement under Law No. 12,529/2011 (the Brazilian Competition Act),2 which entered into force in May 2012 and introduced a new system that concentrated the roles of three competition bodies into one, both the pre-merger review system and the revised rules to create better incentives and provide more legal certainty to leniency agreements and cease-and-desist agreements (settlements or TCCs, to use its acronym in Portuguese) have enabled CADE to function at a higher level of efficiency and improve the quality in its investigations and decisions.
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