Tagged with: Competition and antitrust

Chilean state-owned miner Codelco has enlisted Carey in Santiago and Brazilian outfit Machado Meyer Advogados to formally sign a joint mining agreement with UK-headquartered group Anglo American, through which they will jointly develop and operate...

Three Skadden, Arps, Slate, Meagher & Flom LLP offices, Brazil’s Machado Meyer Advogados and Uruguay's Posadas have helped US-based offshore marine services company Tidewater acquire the towage operations of Brazilian counterpart Wilson Sons...

La petroquímica Saudi Basic Industries Corporation (SABIC) vendió activos del negocio de Engineering Thermoplastics (ETP) en América y Europa a la compañía alemana de inversión Mutares SE & Co. KGaA por 450 millones de dólares. ...

casa de madeira em miniatura em cima de moedas

The need to notify asset acquisition transactions to the Administrative Council for Economic Defense (CADE) has raised doubts since the enactment of the Brazilian Competition Law (Law 12.529/11). Especially, in cases involving the acquisition of...

Brazil’s competition authority CADE is expected to receive more transnational merger filings in the incoming US Donald Trump’s presidency, according to five sources with knowledge of M&A in Brazil and CADE. Check out the full article....

Trench Rossi Watanabe and Machado Meyer were the legal advisors on the sale of a hotel portfolio by AccorInvest to BTG Pactual. The operation, which has already been approved by CADE – with a final decision at the...

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In April, the Administrative Tribunal of the Administrative Council for Economic Defense (CADE) reviewed a consultation submitted by two construction materials retailers that intended to implement a mechanism of joint negotiation with suppliers, by...

Machado Meyer and Pinheiro Neto advised on the acquisition of 27% of Águas de Fortaleza’s capital stock by GS Inima. Check out the full story. (The Latin American Lawyer -...

Bottom view of a mirrored building with a metal structure

The Tribunal of the Administrative Council for Economic Defense (CADE) dismissed, in August, an investigation regarding an alleged practice of resale price maintenance (RPM) in the Brazilian relevant market for watches. It concluded that the...

The balance of environmental, social and governance (ESG) goals is becoming increasingly important in the agenda of companies, in Brazil and abroad. The number of ESG initiatives that require some degree of commercial strategy alignment or...

The Tribunal of the Administrative Council for Economic Defense (Cade) sanctioned, in April of this year and for the first time, a hub-and-spoke cartel for defrauding competition in public tenders and private sales in the market for distribution...

The Superintendence General of the Administrative Council for Economic Defense (SG/Cade) recapitulated, in a recent decision concerning a merger control filing, the discussion on which companies should be considered as part of the economic...

In recent years, the Administrative Council of Economic Defense (Cade) analyzed several vertical mergers that could potentially lead to competition concerns in several markets, such as supplementary health, banking, payments, petrochemical,...

The Administrative Council for Economic Defense (Cade – the Brazilian antitrust authority) discussed the retroactive application of the Resolution 24/19, which provides the methodology for calculation of fines for gun jumping violation (the early...

The recent and unprecedented decision of the Administrative Council of Economic Defense (Cade) to hold three competitors in the telecommunications sector liable for an antitrust violation (concerted practice) due to the formation of a bidding...

The Brazilian Competition Law provides that the total or partial consummation of merger transactions prior to the approval of the Administrative Council for Economic Defense (Cade) – a violation known as gun jumping – can be punished with fines...

Pursuant to Ordinance 104/22, issued in March 2022, the Brazilian antitrust agency (Cade), updated the Predatory Pricing Analysis Guidelines, published in 2002. Predatory pricing – often mistaken for dumping – is the conduct to sell goods or...

In a recent ruling on a transaction involving the investment of large trading companies in a joint venture that operates in the intermediation of road freight, the Administrative Tribunal of of the Administrative Council for Economic Defense...

The General Superintendence of the Administrative Council of Economic Defense (Cade) established a new understanding in a recent decision, in line with two other precedents from the end of last year, regarding the turnover calculation applicable to...

The possibility of calculating fines for violations of Law No. 12,529/11 (Competition Defense Act) based on the benefit obtained by the infringer was widely discussed by the Court of the Administrative Council of Economic Defense (Cade) between...

Competition and antitrust

Codelco and Anglo American ink Chilean copper mining JV

US maritime group Tidewater buys Brazilian counterpart for US$500 million

SABIC vende el negocio ETP en América y Europa a Mutares

Criteria for notification of acquisition of real estate assets

CADE expected to review more transnational deals in Trump administration

Multiple firms act on the sale of AccorInvest’s hotel portfolio to BTG

Cade reviews consultation on joint purchasing agreement

Two firms act on the acquisition of Águas de Fortaleza by GS Inima

CADE reiterates relative presumption of illegality of minimum RPM

CADE analyzes agreement among competitors aimed at sustainability gains

CADE sanctions for the first time hub-and-spoke cartel

Merger control filings

Cade resumes work on vertical merger guidelines

Methodology for calculation of fines for gun jumping

Consortium formation between competitors

The subjective element in the calculation of gun jumping fines

Challenges of predatory pricing investigations

Care in structuring collaboration agreements between competitors

Turnover calculation for merger filings in Brazil: precautions to be taken in view of Cade’s current understanding

Cade’s Court agrees that the calculation of fines in cartel cases must be based on the benefit obtained

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