Brazil:
Increased Reporting Thresholds For HSR
26 February 2020
Duane Morris LLP
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The US Federal Trade Commission (FTC) announced on January 28,
2020 its annual change to the jurisdictional thresholds for
premerger notification under the Hart-Scott-Rodino Anti-Trust
Improvements Act ("HSR").
The HSR requires acquiring and acquired persons to file
notifications with the FTC and the US Department of Justice
(Antitrust Division) and observe specific waiting periods prior to
consummating a covered transaction. The process allows those
agencies to screen transactions for potential anticompetitive
effects and challenge such transactions under US anti-trust laws,
as appropriate,
The basic filing threshold will increase from the current
threshold of $90 Million to $94 Million for transactions that close
on or after February 27, 2020.
Disclaimer: This Alert has been
prepared and published for informational purposes only and is not
offered, nor should be construed, as legal advice. For more
information, please see the firm's
full disclaimer.
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