Common Contracts
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Associative agreements as reportable transactions Authors: Barbara Rosenberg, Marília Avila and Guilerme Morgulis. Contributed by: Barbosa, Müssnich & Aragão AdvogadosAssociative Agreements • February 13th, 2014
This broad statutory language left much room for uncertainty and did not fit well with the expected change to a pre-merger review system that would introduce a bar on closing obligations and considerably higher penalties for failing to notify reportable transactions. With the introduction of Law 12,529/11, the open-ended wording of the former law was replaced by a list of reportable transactions. According to Article 90 of the new law, a concentration occurs when:
