Brazil steps in to prevent gun-jumping

Author: | Published: 28 Jun 2017

Rules preventing the early consummation of a merger have meant the country’s corporate culture has had to adapt

Brazilian legislation forbids any sort of consummation of a reportable merger transaction prior to approval from the Administrative Council for Economic Defence (Cade), the Brazilian antitrust agency. But it is however possible for parties to adopt some precautions in order to conduct the integration planning during the merger filing review....