We’ve reported in past posts on the important anti-bribery bill moving through the Brazilian legislature. For a description of the bill’s contents, see here; for a comparison to Brazil’s fellow BRICs, see here.
The bill was originally scheduled for a May 23rd vote and and then subject to minor (and unsurprising) delays. But the word on the street now is that the legislature will likely not act until at least after October (owing to summer recess and then local elections that will keep many legislators, even at the national level, quite busy). Casting even more doubt on the bill’s fate, an alternative bill was recently proposed that scales back key provisions concerning successor liability, fines, and debarment.
We asked in our prior posts, whither Brazil? Its legislature seems to be avoiding the question. Or maybe, instead, the answer is increasingly clear.
Andy Spalding is the senior editor of the FCPA Blog. A former Fulbright Senior Research Scholar in Asia, he’s Assistant Professor at the University of Richmond School of Law.