Mergers & Acquisitions Mergers & Acquisitions

Comment: Calls increase for merger review by CADE's Tribunal after Superintendence clearance

By Flavia Fortes and Ana Paula Candil
  • 29 Dec 2020 12:54
  • 29 Dec 2020 13:12
The Tribunal of the Brazilian competition authority in 2020 increasingly asked to review deals that have received unconditional approval from its investigatory unit, raising risk and creating delays for deals.
The Tribunal, however, didn’t change any of the Superintendence’s merger decisions.

Approval of a deal in Brazil is only final

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Flavia Fortes

Global Head of Mergers


Flavia writes about merger control, antitrust enforcement and litigation in the U.S. and Brazil. Before joining MLex, Flavia worked as an Antitrust Consultant in the Federal Trade Commission's Office of International Affairs and as a Research Fellow for the American Antitrust Institute. She has written on the intersection of antitrust law and intellectual property law in technology-driven and innovative markets.

Ana Paula Candil

Senior Correspondent, Latin America


Ana Paula joined MLex in Brazil in 2014 writing about antitrust investigations and merger reviews. Prior to that, she worked for several trade publications and in TV. She lived in Washington DC, where she worked for Al Jazeera English in 2010. She studied journalism and holds a postgraduate diploma in International Business Management from the George Brown College in Toronto and a Master of Business Administration diploma in government relations from Fundação Getúlio Vargas (FGV).

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