Page 45 - COMPETITION LAW_Flip

COMPETITION LAW IN BRAZIL: 2018 OVERVIEW 45

Operation Car Wash:
16 new Cease and Desist Agreements

16 Cease and Desist Agreements (TCCs in its acronym in Portuguese) were
approved as part of six cartel investigations linked with Operation Car Wash.
The six investigations looked into cartels that rigged bids for (i) Petrobras
engineering services, (ii) construction of the Angra 3 Power Plant, (iii) railway works, (iv), 2014
World Cup stadiums construction, (v) urbanization of
slums, and (vi) Petrobras building works. THE SIX INVESTIGATIONS
The settlements sought BRL 897.9 LOOKED INTO CARTELS
million in payments – spread over 20 years – and THAT RIGGED BIDS
signatories may qualify for a 15% discount if they prove FOR (I) PETROBRAS
payment of judicial or out of court damages for the harm ENGINEERING SERVICES,
caused by the cartels. (II) CONSTRUCTION OF
Commissioners João Paulo de THE ANGRA 3 POWER
Resende and Cristiane Alkmin voted not to approve the PLANT, (III) RAILWAY
TCCs, mainly because they believed the methodology used WORKS, (IV), 2014
by CADE’s Superintendence to calculate the monetary WORLD CUP STADIUMS
contributions was not appropriate. Although the dissenting CONSTRUCTION,
votes, the TCCs were approved. (V) URBANIZATION OF
SLUMS, AND (VI)
PETROBRAS
BUILDING WORKS.