cartel authorization
[/kɑːrˈtɛl ɔːθərɪˈzeɪʃən/]
nounpl: cartel authorizations
autorização de cartel
1. Legal or regulatory permission granted to allow companies to formally operate as a cartel, typically involving price-fixing or market allocation agreements that would normally violate antitrust laws
The government granted cartel authorization to the agricultural producers to stabilize market prices during the drought.
O governo concedeu autorização de cartel aos produtores agrícolas para estabilizar os preços de mercado durante a seca.
2. Official approval or exemption from competition law allowing organizations to coordinate activities and restrict competition in specific industries
Cartel authorization was needed for the shipping companies to collectively negotiate freight rates.
A autorização de cartel foi necessária para que as empresas de navegação negociassem coletivamente as taxas de frete.
Cartel authorization is a legal concept more commonly discussed in European and Latin American regulatory frameworks than in the United States, where cartels are generally illegal. In Brazil, such authorizations may be granted in specific sectors like agriculture or shipping under exceptional economic circumstances. This term reflects different approaches to competition law and market regulation across jurisdictions.
Related Idioms & Phrases
grant cartel authorization
seek cartel authorization
obtain cartel authorization
revoke cartel authorization
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