Introduction It has been almost one year since, in May 29, 2012, a new Competition Act (Law 12.529/11 [1]) came into force in Brazil, radically altering the country's antitrust framework. The purpose of the long-awaited new law was to allow the competition regulator (the Administrative Council of Economic Defense – CADE) to focus on tackling complex mergers and antitrust investigations (cartels and vertical practices), upgrading CADE to international standards, and increasing its headcount and teeth. The merger review process was particularly affected by the new Competition Act: a suspensory regime was introduced, institutional changes unified the previous agencies, thresholds were altered and increased, there are new procedures and filing forms, and there is a (rather long) waiting
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The Brazilian Parliament enforces a competition act on the merger review developments
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