By Ana Paula Candil ( March 22, 2024, 20:15 GMT | Comment) -- In determining that Jusbrasil and Digesto failed to promptly notify their transaction, the Brazilian competition authority has clarified its interpretation of merger notification rules, especially concerning the role of investment funds in revenue threshold calculations. The Tribunal of the Administrative Council for Economic Defense, or CADE, decided to distinguish between situations where the investment fund is directly involved, like being a merger applicant, and those where it has an indirect role, such as holding a stake in a merger applicant.In determining that Jusbrasil and Digesto failed to promptly notify their transaction, the Brazilian competition authority has clarified its interpretation of merger notification rules, especially concerning the role of investment funds in revenue threshold calculations....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.