The Brazilian Parliament adopts merger law, with an increase in filing thresholds and merger regulations

On May 29, 2012, Brazil's New Merger Law entered into force and the Administrative Council for Economic Defense ("CADE") issued Merger Regulations that further define what transactions must be reported and what filing procedures followed in Brazil's new pre-merger control regime. On May 31, 2012, the Ministry of Justice and the Ministry of Finance issued a joint decision to increase the revenue thresholds applicable to the New Merger Law. This Alert summarizes the new rules, which will affect businesses involved in mergers and acquisitions that could affect markets in Brazil. Increase in filing thresholds. Effective May 31, 2012, the mandatory filing thresholds in Brazil have been increased. Transactions must be reported if: i. the corporate group of