Antitrust Leniency Program Guidelines
The Administrative Council for Economic Defense (“CADE”) published on May 25, 2016 the Antitrust Leniency Program Guidelines (“Guidelines”) aim to consolidate the best practices and procedures adopted by the Brazilian antitrust agency for the negotiation of Antitrust Leniency Agreements (“Leniency Agreements”) and to align them with international standards. Based on Law No. 12.529/2011 and CADE’s Internal