Tribunal's minimum quorum reestablished ends CADE's standstill
Deadline counting resumed today (October 8, 2019).
After a long wait, the Brazilian Antitrust Authority (CADE)’s Tribunal minimum decision quorum was finally reestablished. Yesterday (07), President Jair Bolsonaro officially nominated Sergio Costa Ravagnani, who took office as the authority’s new Commissioner.
As a result, the procedural deadlines that were suspended since July 17 - after former Commissioners Cristiane Alkmin Junqueira Schmidt, Polyanna Ferreira Silva Vilanova, João Paulo de Resende and Paulo Burnier da Silveira resigned and/or completed their terms - resumed today.
The news comes at a good time. Almost three months since the shutdown, CADE has more than 80 procedures pending or awaiting appeals, which represents more than R$ 500 billion (US$ 122.3 billion) for the Brazilian economy.
The next trial session has already been confirmed and will take place next week, on October 16.
Lenisa Prado, Luis Henrique Bertolino Braido and Luiz Hoffman, who have also been cleared by the Federal Senate, await the President’s nomination.