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Global merger control: Brazil CADE quorum restored; Canada Competition Act reforms; China threshold changes; UAE new regime; US 2023 Merger Guidelines; gun-jumping fines (December 2023)

Practice notes
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This month has brought the restart of Brazil’s merger review deadline after CADE’s minimum quorum was restored, the Chinese government’s adoption of amendments to merger control thresholds, the Canadian government unveiling further changes to Canadian competition law (including for merger control) and key amendments to the Competition Act taking effect, new updates to the UAE’s merger control regime coming into force, and US antitrust agencies releasing new merger guidelines.

Brazil—merger deadlines resume following minimum quorum at the CADE being re-established

In our November 2023 merger monthly update, we noted that the merger deadline had been suspended due to CADE’s lack of quorum, which meant transactions could not close and so faced gun jumping risk. On 27 December 2023, the Federal Official Gazette announced the appointment of the Court’s new members, José Levi Mello do Amaral Júnior, Camila Cabral Pires Alves, Diogo Thomson de Andrade and Carlos Jacques Vieira Gomes. That same day, Diogo Thomson de Andrade took office as the CADE’s Commission, thereby reinstating the minimum quorum of four members required for the Administrative Tribunal to function...

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