We remind you all that on December 1st, 2015, Law No. 13.196/2015 was published in the Official Gazette, changing the merger filing fees for cases of mandatory submission in the Brazilian Administrative Council for Economic Defense (“CADE”), among other issues.
The Law, which resulted from the conversion of the Provisional Measure No. 687 of 2015, amends article 23 of the Brazilian Competition Law (Law No. 12.529/11) to increase the fee payable for filing mergers before CADE from BRL 45,000.00 to BRL 85,000.00. The increased fees came into force on January 1st, 2016.