Brazilian competition regulators CADE have launched a formal proceeding against a local Steel Industry Association, IABr. The agency has accused the group of abusing their rights to review, engaging in false or sham litigations in order to legally damage the country’s rebar importers.
The case stems from accusations by ABRIFA (National Association for Steel and Steel Industry Imports), claiming that IABr has presented over 40 questionable legal challenges, engaging in sham litigation – creating difficulties that limit or completely block the entry of new companies to the market – against rebar importers by constantly questioning their adherence to local safety regulations.
Due to IABr’s actions, Brazilian customs authorities would constantly block new rebar imports, creating mounting costs for importers and preventing the goods from entering the country. IABr is to be notified of the charges officially before presenting their defending arguments, after which CADE will take time to deliberate.
Full Content: BN Americas
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI