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Brazil: After powerful 2013, CADE shows no signs of slowing

By  |  January 5, 2014
Brazil: After powerful 2013, CADE shows no signs of slowing

As analysts say 2013 was a major year for Brazil’s antitrust regulator CADE, one in which the authority showed its teeth and began to truly crackdown on anticompetitive behavior, reports say CADE shows no signs of slowing and is gearing up for an even stronger year ahead.

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    Reports say CADE’s order for telco giant Telefonica to reduce its grip on the telecom market is a sign of the authority heading towards a new competition regime. According to former CADE head Gesner Oliviera, the regulator “has been progressing over time and the law was a reflection of that.”

    Further, reports say Brazilian lawyers are realizing the obstacles faced by those looking to appeal CADE decisions as the strength of the regulator grows and as the regulator collaborates more closely with the nation’s legal system.

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