Brazil — Historical Events Description

Brazil flag
Brazil
Event
Brazil enacted Law No. 4,137 (Administrative Council for Economic Defense)
Category
Economic
Date
1962-09-10
Country
Brazil
Description

The law established rules to investigate and punish practices that harmed free competition, such as price manipulation, market domination, and other anti-competitive conduct. A central institutional outcome of the law was the creation of the Conselho Administrativo de Defesa Econômica (CADE) as a national body responsible for overseeing and enforcing competition policy. CADE was given nationwide jurisdiction and a mandate to analyze, prevent, and repress abuses of economic power under the law.