VMCA associate Anna Binotto talked to PaRR about a Itaú/Ticket deal currently under Cade’s analysis.
“The third party seems to be suggesting that, since the banking market is very concentrated and there are many vertically integrated players in the financial sector, the mere increase in Itaú’s economic power or its expansion into a related market should prompt CADE’s intervention, even though there is no causal link between the transaction and a significant market share increase, Binotto said. “CADE has never bought into such a thesis,” she said, adding that the leveraging theory of harm is usually viewed with caution by most CADE commissioners.”
Full article is available at https://lnkd.in/dzjieah (subscription required)
A Brazilian public prosecutor has asked telecoms company Vivo to clarify data protection practices used in its targeted advertising services ahead of national data protection legislation (LGPD) entering into force next year, Global Data Review (GDR) reports.
According to partner Marcela Mattiuzzo, the request’s lack of any reference to legislation is interesting. “The DPIA requirements are very much based on the GDPR, because even though we have a Brazilian version in the LGPD, that it’s not yet enforced – all we currently have is a very broad article [in the LGPD] that just allows the authority to require such reports without going into detail of what the report will consist of”, Marcela told GDR.
VMCA partner also said that this approach was “odd,” particularly given that Brazil’s Congress is currently discussing how former president Michael Temer’s December executive order, which created a specialised data protection authority in a last-minute pivot on policy, will operate in practice.
VMCA partners Eduardo Frade and Marcela Mattiuzzo and senior associate Diogo Sant’Ana are going to participate this week in the 3rd National Forum on Competition and Regulation (Fonacre, in the Portuguese acronym), which will take place from May 15 to 17 in Brasilia.
Marcela will be a speaker in the forum’s first panel, at 9am on the 16th, which will discuss “Leniency Agreements: judicial control and contemporary issues “. Partner Eduardo Frade will be in the next panel, discussing “Compliance and the Brazilian anti-corruption law” at 10.50am. Finally, senior associate Diogo Sant’Ana will be a panelist at the third panel of the day, entitled “Frequent debtors: interactions between taxation and competition” at 2 pm on the same day. In addition to private sector experts, all panels will feature academics and members from various spheres of the government, including regulatory agencies.
Fonacre, organized by the Association of Federal Judges of Brazil (Ajufe), aims to promote the debate among federal judges, lawyers, members of the Public Prosecutor’s Office and other legal operators in order to improve discussions on issues related to competition and regulation.
More information is available here.
On May 14th, VMCA’s partner Vinicius Marques de Carvalho will speak on the panel “We know ‘consumer harm’ when we see it – or don’t we? Substantive assessment by High Tech and National Champions“, during the the Pre-International Competition Network (Pre-ICN) Forum, co-organised by ICC and the IBA, which is an annual high-level forum where attendees can take part in an interactive discussion on competition law enforcement and policy and get insights directly from regulators and business experts.
Entitled “Emerging Trends in Antitrust Policy and Enforcement: Colombia, Latin America, and Beyond”, the Pre-ICN will take place in Cartagena (Colombia) and is focused on is for business executives, private practitioners, competition agencies, academics, ICN delegates, and NGAs.
More information is available on the event’s webpage: https://bit.ly/2DSvPFY
VMCA partner Eduardo Frade will be a panelist on the topic “Bid Rigging: Anticorruption Mets Competition Enforcement” on May 10, 2019, at the American Bar Association (ABA)’s 5th biennial Antitrust in the Americas conference. The conference will be held in in Buenos Aires, Argentina, on May 9-10, and will gather government enforcers, corporate counsel and leading antitrust practitioners from throughout the Americas.
Eduardo’s panel will discuss lessons learned from recent high-profile cases in Brazil, Argentina and elsewhere related to bid rigging cases involving the intersection of fraud, anti-corruption and competition law enforcement, which have become the “new normal,” creating unique challenges involving overlapping enforcement mandates, issues of leniency and cooperation, and assessment of penalties. Alongside VMCA’s partner, will be discussing the topic John Pecman (Fasken Martineau DuMoulin LLP, Canada), Laura Alonso (Secretariat of Public Ethics, Transparency and the Fight against Corruption, Anticorruption Office, Ministry of Justice & Human Rights of Argentina), Fernando Carreño Nuñez (Von Wobeser y Sierra, Mexico) and Alexandre Cordeiro Macedo (General Superintendent, CADE, Brazil).
Full programme available at https://bit.ly/2WHkiQI
VMCA partner Vinicius Marques de Carvalho spoke in the “Opportunities in the fuel market in Brazil” seminar, organized by Brazilian newspaper Folha de S. Paulo on April 16, in São Paulo.
Members from the government and the fuel industry attended the event to discuss the sector’s most urgent issues, such as increasing the competitiveness and improving the investments. Among the speakers were former Minister of Finance Henrique Meirelles and ETCO’s president, Edson Vismona. São Paulo’s mayor Bruno Covas made the opening speech.
Vinicius served as a panelist in the panel “Competition in the fuel sector in Brazil” and discussed how illegal practices create an environment of unfair competition. “Only the one willing to practice the same misconduct as those who already act on a market are able to enter it. Thus, we do not have the entry of new agents that could contribute to a fair competition”, said Vinicius.
Vinicius Marques de Carvalho will speak on April 16, 2019 at the seminar “Opportunities in the fuel market in Brazil” (Oportunidades no mercado de combustíveis no Brasil), organized by Folha de S. Paulo newspaper in São Paulo.
Representatives from the government and the fuel industry will attend the event to discuss the most urgent issues for the sector, such as how to increase competitiveness and the investments in the area.
Vinicius will be in the first panel of the day, entitled “Competitiveness in the fuel sector in Brazil” (A competitividade no setor de combustíveis no Brasil).
Partner Eduardo Frade served as a panelist at the 67th American Bar Association (ABA) Section of Antitrust Law Spring Meeting, which took place March 27-29, 2019 in Washington, DC.
Eduardo was in the session “Is there life after leniency?”, on March 27, discussing the potential causes of the global decline of leniency applications, its implications, how the trend compares to other areas of law, and whether new tools are needed by enforcers.
John Terzaken (Simpson Thacher & Bartlett LLP) was the panel moderator, while Susan Jones (Novartis), Lisa Phelan (Morrison & Foerster LLP) and Brent Snyder (Hong Kong Competition Commission) were also panelists.
The ABA Section of Antitrust Law’s Annual Spring Meeting is the largest antitrust and consumer protection conference in the world. More information regarding this year’s edition is available at ABA’s website.
Partner Marcela Mattiuzzo speaks today, April 8, 2019, at a roundtable organized by the Brazilian Institute of Public Law (IDP) and the Centre for Information Policy Leadership (CIPL) in Brasília.
During the debates, experts will engage in an open discussion on key issues surrounding data protection developments in Brazil from Brazil’s new data protection law (LGPD) to the establishment of Brazil’s national data protection authority (“ANDP”). Participants will share views and strategies on the road ahead for organizations conducting business in Brazil as well as regulators.
Speakers and panelists include industry and government representatives, lawyers, academics, and members of the civil society, such as Nathalie Gazzaneo (Facebook), Daniel Arbix (Google), Miriam Wimmer (Ministry of Science, Technology, Innovation and Communications – MCTIC), Min. Ricardo Cueva (Superior Court of Justice – STJ), Damien Kieran (Twitter), Marília Monteiro (Nubank), Dennys Antonialli (InternetLab) and Sophia Vial (PROCONS Brasil).
Marcela will be a panelist at the roundtable 2, which will focus on regulatory challenges and will debate which aspects of the LGPD require further clarification and implementation guidance for industry, how to minimize and address potential conflict in the enforcement level between other regulators, consumer offices and the public prosecutor, and what are the specific regulatory challenges for international data transfers.
The Disruptive Competition Project (DisCo) highlighted the partner Marcela Mattiuzzo’s speech in the 11th session of the Federal Trade Commission’s Hearings Initiative, entitled “The FTC’s Role in a Changing World”.
“Marcela Mattiuzzo, of VMCA Advogados in Brazil, talked about the priorities of different fields, which may sometimes be contradictory and therefore discourage convergence. To illustrate, Mattiuzzo argued that from an antitrust point of view, one solution to unilateral abuse would be to share databases so companies would have a more level playing field, but from a consumer protection point of view, consumers don’t want their data shared across many companies.”
Full coverage available here.