Bruno de Luca Drago

Competition Compliance and Investigations

+55 11 3356 1776 bdrago@demarest.com.br São Paulo

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Partner in the Corporate Investigations area at Demarest and focused on Competition Law, Bruno de Luca Drago is a reference in cases involving highly complex mergers and unilateral conduct. He served as President of the Brazilian Institute of Competition, Consumption and International Trade Studies (IBRAC) in the 2022-2023 administration, as well as Director of Competition and Economic Litigation in previous administrations. Bruno holds a PhD in Commercial Law, with emphasis on Competition Law, from Universidade de São Paulo (USP) and a master's degree in Competition Law from King’s College of London. He has broad international experience, having worked as an associate at Howrey LLP on competition matters, in Brussels (2005/2006) and Washington D.C. (2007). In addition to matters involving concentration acts and unilateral conduct, he also works actively in cases involving collusive conduct, as well as discussions on compensation for damages resulting from cartels, including acting as an expert before the English courts.

Advised the Brazilian Association of Banks (ABBC) and its associates in the creation of CERTA – Securities and Assets Registration Center S.A., to develop and perform registrations of securities and other financial assets not considered securities.
Advised Azul Linhas Aéreas in the creation of a new company, together with the Brazilian Post and Telegraph Company (ECT), for the express delivery of packages in Brazil, combined with Azul’s air cargo business.
Advised Clariant AG and Huntsman Corporation regarding the alleged merger of their global business.
Advised Comgás (Cosan Group) in the Gemini case, which involves investigation of anticompetitive conduct consistent with the practice of cross subsidies by Petrobras and White Martins in the liquefied natural gas supply market.
Advising a major financial institution in the Brazilian arm of a global investigation initiated to ascertain alleged manipulation in the offshore and onshore foreign exchange market.

PhD in Commercial Law, with emphasis in Competition Law, from the University of São Paulo (USP), São Paulo, Brazil (2014)
Master’s Degree in Competition Law from King’s College of London, University of London, London, England (2005)
Specialization in Financial Administration from the University of São Paulo (USP), School of Administration and Economies/School of Administration (FIA/FEA), São Paulo, Brazil (2002)
Bachelor of Laws from the Pontifical Catholic University of São Paulo (PUC-SP), São Paulo, Brazil (2001)

Director of Economic Litigation at the Brazilian Institute for Competition, Consumer and International Trade Studies (IBRAC)
Member of the Leadership Committee of the American Bar Association (ABA)
Member of the Commission for Studies on Competition and Economic Regulation (CECORE)

Co-author of the article “A repressão à concorrência desleal no Brasil”, in the book “Competencia desleal – Análisis del Decreto 274/2019”, Thomson Reuters, 2019.
Coordenador do livro “A Livre Concorrência e os Tribunais Brasileiros”, editora Singular, 2018. Autor do capítulo “Panorama e Desafios: análise qualitativa e quantitativa das ações no Judiciário”.
Coordinator of the book “A Livre Concorrência e os Tribunais Brasileiros”, author of the chapter “Panorama e Desafios: análise qualitativa e quantitativa das ações no Judiciário”, Editora Singular, 2018.
Author of the article “defesa da concorrência nos Tribunais”, in Estadão, August 16, 2018.
Author of the chapter “O Cade e a Represessão Às Condutas Unilaterais”, in the book “5 anos da Lei de Defesa da Concorrência: Gênese, jurisprudência e Desafios para o Futuro”, Editora Singular, 2017.
Author of the article “Programas de Leniência: A palavra de ordem é coordenação”, in Estadão, November 17, 2015.
Co-author of the article “Clarifying Gun Jumping Through Guidelines: The Brazilian Experience”, in Journal of European Competition Law and Practice, 2015.
Author of the chapter “Standard Essential Patents, Frand Commitments and Antitrust Law from a Brazilian Perspective”, in the book “Overview of Competition in Brazil”, Editora Singular, 2015.