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Competition & Antitrust

06 June 2019
José Inácio Ferraz De Alemeida Prado Filho Importance of contractual control in merger review

Brazil - BMA Barbosa Mussnich Aragao

The Administrative Council for Economic Defence recently issued a decision on the definition of 'de facto control' under Brazilian competition law. While the decision establishes certain criteria that companies should consider when determining whether their contractual relationships with close partners may confer de facto control, these criteria are somewhat unclear and do not allow companies to assess, with sufficient certainty, whether an agreement should be subject to mandatory review.

Authors: José Inácio Ferraz De Alemeida Prado Filho, Guilherme Morgulis
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