The Brazilian Federal Supreme Court overrules the Competition Authority’s appeal regarding the Central Bank’s exclusive jurisdiction for merger control in financial institutions (Brazilian Central Bank)

The Brazilian Federal Supreme Court has overruled the Brazilian Competition Authority’s appeal regarding the verdict issued by the Brazilian Superior Court of Justice regarding the Brazilian Central Bank’s exclusive jurisdiction for merger control involving banks and financial institutions in Brazil. By determining that the discussion involved ordinary legislation and not constitutional matters, Brazilian Federal Supreme Court (“STF”) understood that the issue should only be decided by Brazilian Superior Court of Justice (“STJ”). Since the decision was taken singularly by STF’s

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Authors

  • Inglez, Werneck, Ramos, Cury e Françolin Advogados (Sao Paulo)
  • Inglez, Werneck, Ramos, Cury e Françolin Advogados (Sao Paulo)

Quotation

Ricardo Inglez de Souza, Raisa Dvorah Rechter, The Brazilian Federal Supreme Court overrules the Competition Authority’s appeal regarding the Central Bank’s exclusive jurisdiction for merger control in financial institutions (Brazilian Central Bank), 9 June 2014, e-Competitions Brazilian Antitrust, Art. N° 68919

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