IN LINE WITH THE INTERNATIONAL COMPETITION BEST PRACTICES? The New Competition Law in Brazil* Starting on May 29, 2012, the most substantive reform of Brazil’s antitrust enforcement since the current framework was established in 1994 will enter into force . But is Law No. 12,529/11 (“the New Law”) in line with international competition best practices? Best answer: reforms have been achieved, but great challenges still lie ahead. Before any further conclusions, it is important to walk through the main changes introduced by the New Law. The New Law promotes the unification of Brazil’s competition agencies. Employing the antitrust jargon, I like to call it a “structural remedy” over the Brazilian Competition Policy System. The New Law “merges” the antitrust enforcement functions of the
The Brazilian President approves the new competition law introducing substantive reforms to the national antitrust enforcement
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