The Brazilian Antitrust Authority annnounces a new interpretation of the Brazilian merger notification threshold reducing foreign merger filings (ADC Telecommunications / Krone International)

Kolasky, William J.; Melamed, Douglas; Ridge, Janet

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19 Jan 2005

The Brazilian Antitrust Authority annnounces a new interpretation of the Brazilian merger notification threshold reducing foreign merger filings (ADC Telecommunications / Krone International)

KEYWORDS

Reference

Brazilian Competition Authority (CADE), ADC Telecommunications Inc. / Krone International Holding, 19 January 2005

Brazilian merger notification requirements, traditionally a major hurdle for multinational mergers, have just become less burdensome. In an unexpected development last Wednesday, the Brazilian antitrust authority (“CADE”) announced a new interpretation of the Brazilian merger notification thresholds that may reduce foreign merger filings in Brazil by more than 90%. CADE reversed 10 years of precedent by declaring that, in line with the approach of many other jurisdictions worldwide, the Brazil notification threshold of 400 million Reales should henceforth be assessed in terms of Brazilian turnover rather

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Authors

William J. Kolasky
Hughes Hubbard & Reed (Washington)

United States 9 contributions 3217 visits
Douglas Melamed
Stanford University

United States 14 contributions 12068 visits
Janet Ridge
WilmerHale

1 contribution 319 visits

Quotation

William J. Kolasky, Douglas Melamed, Janet Ridge, The Brazilian Antitrust Authority annnounces a new interpretation of the Brazilian merger notification threshold reducing foreign merger filings (ADC Telecommunications / Krone International), 19 January 2005, e-Competitions January 2005, Art. N° 37276

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