Garrigues has hired the former acting head of Chile’s competition authority as counsel to lead its antitrust practice in the country.
Brazil’s competition authority is facing decision-making paralysis after it suspended its procedural deadlines because three of its commissioners finished their terms without the country’s senate approving replacements
Brazil’s competition authority is reviewing its investigative arm’s recommendation to clear the €30 billion IBM/Red Hat deal, as delays in appointing new commissioners could threaten to hold up the deal.
As Argentina touts economic reforms, its competition bar awaits promised changes that should boost its workload. Charles McConnell checks in with the antitrust porteños. Nine firms handle most competition work in Argentina. For years, that has meant substantial hours spent on merger filings, due to the low threshold for notifications. The National Commission for the Defence of Competition (CNDC) spent almost all of its time and resources on the statutory obligation to review these mergers, which could be notified either before or after closing. But that is all set to shift in the wake of a massive overhaul to the country’s competition law passed in May 2018. It creates a new, independent competition authority and a specialist appeals court, as well as establishing a leniency programme, higher fines for antitrust infringements and the introduction of a pre-merger control regime.
A dramatic shift in how the US Department of Justice publicly discusses leniency has caused applications from members of international cartels to drop markedly, a former head of anti-cartel enforcement at the agency has warned. Tom Madge-Wyld at GCR Live Cartels
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