The Brazilian Competition Authority’s Tribunal discusses the possibility of increasing the legal limits for fines in gun jumping cases (IBM / Red Hat)

IBM Red Hat case triggers discussion on gun jumping fine* CADE's Tribunal debates changing the limits for fines, which would be currently outdated for high-value transactions. In the context of an Administrative Proceeding to Investigate a Merger (APAC, in its Portuguese acronym), CADE's Tribunal discussed the possibility of increasing the limits of gun jumping’s fines, set by Law No. 12,529/2011. As discussed in the judgement session of December 11 and in subsequent statements by CADE’s Commissioners, on one hand the legal limit on the fine would be

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Vinicius Marques de Carvalho, The Brazilian Competition Authority’s Tribunal discusses the possibility of increasing the legal limits for fines in gun jumping cases (IBM / Red Hat), 11 December 2019, e-Competitions Bulletin February 2020, Art. N° 93280

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