We remind you all that on December 1st, 2015, Law No. 13.196/2015 was published in the Official Gazette, changing the merger filing fees for cases of mandatory submission in the Brazilian Administrative Council for Economic Defense ("CADE"), among other issues.
The Law, which resulted from the conversion of the Provisional Measure No. 687 of 2015, amends article 23 of the Brazilian Competition Law (Law No. 12.529/11) to increase the fee payable for filing mergers before CADE from BRL 45,000.00 to BRL 85,000.00. The increased fees came into force on January 1st, 2016.
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Founded in 2001, Tauil & Chequer Advogados is a full service law firm with approximately 90 lawyers and offices in Rio de Janeiro, São Paulo and Vitória. T&C represents local and international businesses on their domestic and cross-border activities and offers clients the full range of legal services including: corporate and M&A; debt and equity capital markets; banking and finance; employment and benefits; environmental; intellectual property; litigation and dispute resolution; restructuring, bankruptcy and insolvency; tax; and real estate. The firm has a particularly strong and longstanding presence in the energy, oil and gas and infrastructure industries as well as with pension and investment funds. In December 2009, T&C entered into an agreement to operate in association with Mayer Brown LLP and become "Tauil & Chequer Advogados in association with Mayer Brown LLP."
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This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.