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Brazil: CADE proposes new protocol to extend leniency benefits for cartel cases

By  |  January 8, 2013
Brazil: CADE proposes new protocol to extend leniency benefits for cartel cases

Brazil’s competition authority CADE has announced new proposals in regulation changes for settling cartel cases under the nation’s new antitrust laws. Among the proposals includes a new procedure and incentives for those accused of cartelization to settle – those incentives include fine reductions even for companies who do not qualify for amnesty. While current law allows leniency for the first company to come forward with information regarding a cartel, the law has no leniency for subsequent companies who come forward. The proposed changes include a gradient scale of fine reduction for subsequent companies who come forward.

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