Brazil’s Barretto Ferreira e Brancher and Chinese firm Ray Yin & Partners have helped more than 120 tableware exporters belonging to a Chinese industrial association avoid anti-dumping duty after negotiating a price undertaking – the first time Brazil’s Department of Commerce (DECOM) has accepted a price undertaking from an association.
Brazil’s Administrative Council for Economic Defence (CADE) has opened an investigation of 10 petrol stations and four individuals, including a police officer, over alleged cartel activity.
In a major shake-up for the three-year-old antitrust boutique, Brazilian firm Grinberg Cordovil has lost former name partner Carlos Barros from its masthead. Patricia Avigni, formerly of Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados, has been brought in to replace him.
Mexico’s Federal Competition Commission says Nestlé has agreed to sell Pfizer’s local baby food production business to satisfy the CFC’s concerns about the US$11.9 billion global deal.
Swiss food company Nestlé has obtained approval from the competition authorities in Venezuela, Argentina, Honduras, El Salvador, Guatemala, and Costa Rica for the US$11.85 billion acquisition of US pharmaceutical company Pfizer’s infant nutrition business, after the takeover was blocked in Mexico over concerns the company would gain a near-monopoly in the industry.
Mexico’s Federal Competition Commission (CFC) says Nestlé’s deal to buy the infant food business of US drug maker Pfizer would give the company a near-monopoly on infant formula in Mexico, harming competition and putting consumers at risk.
Trench, Rossi e Watanabe Advogados has helped Swiss food company Nestlé obtain approval from Brazil’s antitrust authorities for the US$11.85 billion acquisition of US pharmaceutical company Pfizer’s infant nutrition business.
Brazil’s President Dilma Rousseff has appointed Vinicius Marques de Carvalho as president of the Council for Economic Defence (CADE) and Carlos Emmanuel Joppert Ragazzo as the agency’s general superintendent.
Following the promulgation of Brazil’s new antitrust law, the Council for Economic Defence (CADE) has published new rules outlining its updated merger control procedures.
Brazil’s anti-cartel investigator has issued an opinion recommending that the country’s antitrust tribunal, CADE, impose a fine of up to US$408 million on an alleged cartel involving the largest cement producers in Brazil.