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CADE Issues New Guidance on Associative Agreements

Leonardo Rocha e Silva et al., MLex, 2016

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On October 25, 2016, the Administrative Council of Economic Defense (“CADE”) published Resolution No. 17/2016, which established a new definition for “associative agreements,” bringing the Brazilian competition rules closer to the ones adopted in other jurisdictions. Associative agreements are among the “economic concentration acts”1 that, under Law No. 12,529 of 2011 (“Brazilian Competition Act”), must be submitted to CADE’s review whenever one of the economic groups involved in the merger deal posted revenues above 75 million reais ($22.1 million) and the other, above 750 million reais ($221 million), both in the Brazilian market.

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