CADE uses its call-in powers to review transactions in digital markets and address new forms of concentration
On 12 May 2026, at the 265th Judgment Session of the Administrative Council for Economic Defense (CADE), the Brazilian antitrust authority took a significant step regarding transactions involving the digital markets. On that occasion, the Tribunal analyzed five gun jumping investigations, i.e., administrative proceedings initiated to investigate transactions that had not been previously filed to […]
Government Updates the Regulation of the Brazilian Civil Rights Framework for the Internet and Expands the Obligations of Digital Platforms
On May 20, 2026, Decree No. 12,975/2026 (“Decree”) was enacted, updating the regulation of the Brazilian Civil Rights Framework for the Internet (Law No. 12,965/2014). The Decree aligns with the understandings established by the Brazilian Supreme Federal Court (“STF”) in 2025 regarding the liability of internet connection and application providers and expands obligations related to […]
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 […]
Labor Court imposes fine for prompt injection in court filing
The use of artificial intelligence in the legal context has entered a new chapter following a decision issued by the 3rd Labor Court of Parauapebas, in the State of Pará, in a labor claim in which the insertion of a hidden instruction in a court filing was identified. When processing the document through Galileu, an […]
MME publishes rules for Access Seasons under the National Policy on Access to the Transmission System
On 27 April 2026, the Ministry of Mines and Energy (“MME”) published MME Normative Ordinance No. 129/2026 (“Ordinance”), following MME Public Consultation No. 217/2026. The regulation establishes the guidelines applicable to the Access Seasons provided for in Decree No. 12,772 of 5 December 2025, which established the National Policy on Access to the Transmission System […]
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 […]
Prediction markets in Brazil: national monetary council issues new rules for local derivatives market
On April 24, 2026, Brazil’s National Monetary Council (“CMN“) published Resolution No. 5,298 (“Resolution“) adding new rules to the organization and operation of the derivatives market in Brazil. Below is a summary of the main points contained in the Resolution. I. Principles of the derivatives market The Resolution sets forth that the organization and operation […]
AI in Healthcare: Applications, Risks, and Regulatory Compliance
Artificial Intelligence is reshaping the healthcare sector, bringing with it opportunities, risks, and an increasingly demanding regulatory landscape. Our Technology and Innovation team has prepared a report analyzing the main applications of AI in medicine, the legal risks involved, and the obligations set forth in the LGPD, Anvisa RDC No. 751/2022, CFM Resolution No. 2,454/2026, […]