The Brazilian Parliament approves a new competition law that significantly restructures the landscape of competition enforcement

On October 5, 2011, Brazil's Congress approved a new competition law that significantly restructures the landscape of competition enforcement in Brazil. Brazil's Congress will now forward the bill to the desk of President Dilma Rousseff, who has 15 working days to approve or reject the bill [1]. If the new competition act is approved, which many believe it will be, it shall enter into force six months from the date of its publication in the Federal Official Gazette (meaning that the current law will continue to be valid until at least April 2012). As Brazil's economic stature grows, its role in upholding and maintaining a globally reputable antitrust policy becomes increasingly important, both within Latin America and throughout the world. With a significant reorganization of Brazil's