Brazil’s competition authority has fined Toshiba and two other electricity component manufacturers €13.2 million for colluding to fix prices for air-insulated switchgear parts.
Brazil’s antitrust enforcer has recommended that six power cable manufacturers be fined for allegedly fixing prices and allocating markets, nearly five years after the same companies were sanctioned by the European Commission.
Alexandre Barreto de Souza became president of Brazil’s Administrative Council for Economic Defence in June 2017. Here he discusses CADE’s use of leniency to further its goals for cartel prevention and enforcement.
Alexandre Barreto de Souza became president of Brazil’s Administrative Council for Economic Defence in June 2017. He has been a civil servant for 25 years, working in the Federal Court of Accounts, the Federal Senate, the Federal Revenue of Brazil and the National Treasury. He holds a master’s degree in public administration and bachelor’s degree in business administration from the University of Brasília. Here he discusses CADE’s use of leniency to further its goals for cartel prevention and enforcement. For the purpose of this article, “leniency” refers to full immunity, amnesty or the reduction of a fine where CADE is already aware of the reported violation but still does not have enough evidence against the applicant.
A commissioner at Brazil’s competition authority has criticised the €206.7 million fines that her own agency levied on four members of a construction cartel earlier this month, for being too small and for failing to disincentivise illegal collusion.
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