Brazil refines its leniency framework under the anti-corruption law in light of M&A transactions

1. Introduction In M&A transactions, one of the investor’s primary concerns relates to potential compliance violations committed by the target company. This is particularly relevant because, even if the misconduct dates prior to the transaction, the target company, and, in certain cases, the investor or other entities within its economic group, may remain liable for […]
Acquisitions by funds: CADE reinforces its approach to economic groups

On April 8, 2026, the Tribunal of the Administrative Council for Economic Defense (“CADE”) unanimously ruled that the joint acquisition by the Quíron and Tessália FIPs1 (under the control of Master Group) of an 11.97% stake in Oncoclínicas constituted premature consummation — known as gun jumping — and ordered its mandatory notification. Initially, the Quíron […]
Aline Pardi
Cescon Barrieu announces five new partners

In the year it celebrates its 25th anniversary, new partners reinforce the firm’s strategic performance in the areas of Corporate Law and Governance, M&A, Dispute Resolution, Banking & Finance, and Capital Markets. Cescon Barrieu begins the year by strengthening strategic areas of its practice with the addition of five new partners, four of whom are […]
Vicente Gioielli
Daniel Paiva
New Partners

Cescon Barrieu announces Joaquim Oliveira as head of Banking, Finance and Capital Markets practices, and four new partners Joaquim de Oliveira, one of our founders, returns to the firm after two years as a partner at financial advisory firm Seneca Evercore to lead our Banking, Finance and Capital Markets practices, together with Vitor Arantes; Frederico […]
Joaquim Oliveira