Brazil’s long-anticipated Bill 4,675/2025, which President Luiz Inácio Lula da Silva’s government submitted last month to Congress, proposes to enact ex-ante regulation for digital markets (I offered an initial assessment here). While presented as a natural evolution of competition law, the proposal would instead alter some foundational aspects of the Brazilian antitrust framework. The measure ... Will Brazil Subtly Sweep Consumer Welfare Under the Rug?
