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Brazil/Pakistan: Shared experiences lead to advice on antitrust penalties

 |  November 5, 2012

A review of the Competition Commission of Pakistan has yielded expert analysis, concluding that while criminal penalties in addition to penalties under antitrust laws deter antitrust violations, they do not pose a threat to the investment climate within developing nations. Fernando Furlan, former Brazilian Competition Agency chairman and current member of the UNCTAD team, made the statement this past weekend at the team’s review of the CCP. In addition to Furlan, Orcun Senyucel, Turkish Competition Authority Head of Department Number 4, also sat on the review team. The two have noticed parallels between Pakistan’s and Brazil’s antitrust issues, and Furlan shared his advice as the CCP is challenged in court over issues in ways similar to how the Brazilian Competition Agency has been challenged in the past.

Full Content: Daily Times

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