On December 27, 2018, an Agreement on Technical Cooperation and Mutual Assistance ("Technical Cooperation Agreement") entered into force between the Brazilian Federal Court of Auditors ("TCU") and the Administrative Council for Economic Defense ("CADE"). The document is in force for an indefinite period and aims to share the technologies used by these institutions in the detection of anticompetitive practices in public tenders.

The Technical Cooperation Agreement provides for the sharing of information, knowledge, technological tools, professional and technical experiences, data and documents between CADE and TCU. This document also establishes a partnership between both institutions to carry out activities related to the prevention and detection of anticompetitive practices in public tenders, as well as for the training and qualification of technicians of these institutions, among other initiatives.

The signatories of the Technical Cooperation Agreement have committed to keep the information and the shared data confidential. Also, their transfer or disclosure to third parties without the express consent of the providing party is prohibited. The document is part of CADE's strategy to promote greater coordination among public administrative institutions.

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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.