CADE’s General Superintendence publishes manual for trustee use

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Summary:

The Superintendu00eancia-Geral do Conselho Administrativo de Defesa Econu00f4mica (SG/Cade) has launched a Manual for Using Trustee, aiming to formalize, standardize, and improve the oversight of implementing remedies in antitrust cases. The trustee is an independent third-party contractor hired by the relevant parties to assist authorities in monitoring the compliance with decisions, commitments, and agreements adopted in the context of controlling structures or investigating anti-competitive conducts. The manual provides best practices and procedures for the adoption of trustees or similar entities, such as monitors, independent auditors, and mandatories. The document is advisory in nature and not legally binding, and its non-observance does not nullify the oversight of decisions, commitments, and agreements approved by the Cade.