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SÃO PAULO – At least 14 business groups filed lawsuits to avoid delay in collecting damages from banks for the alleged cartel on the foreign exchange market, the newspaper reported on Tuesday Folha de S.Paulo, (3). In May, Amount announced that the prescription of the case could arrive now in July, three years after the opening of the company.
The antitrust body investigates indications of anticompetitive practices in the foreign exchange market since 2015. The investigation began with the denunciation of one of the participants in the alleged scheme. The following year, Barclays, Citi, Deutsche Bank, HSBC and JP Morgan made the decision to pay a fine of 183.5 million reais.
The legislation provides for the repair of civil repairs in three countries. years. However, it is unclear on what date the courts will take into account the start of enumeration. If we generally hear about the fact that the deadline began with the opening of the Cade case in July 2015, companies that do not inform the banks may lose the right to compensation even if the institutions are found guilty. There is also a second line of argument, which considers that the statute of limitations will only begin after Cade's protest.
In May, Petrobras went to court in Rio de Janeiro with a request for notification against eight major foreign and domestic banks. The state company is asking for the interruption of the statute of limitations, while badessing whether it will file a lawsuit. Other companies such as CSN and TAM have also brought similar actions.
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