Partner Eduardo Frade talked to Global Competition Review (GCR) about antitrust perspectives regarding the Brazilian New Government. President-elected Jair Bolsonaro will nominate to replace six key members of the country’s competition watchdog when their terms expire next year.
According to Eduardo, “that the best way to predict the future direction of antitrust enforcement is for Brazil to analyse who the current administration nominates”. Eduardo also added that the appointment of Sergio Moro as the country’s new minister of justice appears to be a clear sign that Bolsonaro will take a hard stance against corruption and competition violations, while the Chicago-educated Brazilian economist Paulo Guedes as the country’s new finance minister may mean the country can expect a more liberal approach to business and government intervention matters.
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