The Administrative Council for Economic Defense revoked a precautionary measure that suspended the partnership between Facebook and Cielo that intended to make payments via WhatsApp viable. The companies recently presented information to the municipality that removed the competition concerns identified at first, which is why CADE decided to revoke the previous decision. CADE, however, is still analyzing whether or not companies should notify the operation to the local authority.
Virtual Worldwide Launch of the Book “Fighting Cross-Border Cartels: The Perspective of the Young and Small Competition Authorities”
This webinar seeks to understand how international cooperation among competition authorities (particularly in developing countries) in times of crisis (e.g. 2008 financial crisis and 2019 COVID19) can be instrumental in the fight against cross-border cartels forming as a result of the crisis-related business activities.