As frequent readers of the FCPA Blog are well aware, nowadays companies must consider not only the anti-corruption regulatory regimes in their home jurisdictions, but also the criminalization and prosecution of bribery in other locales — sometimes very distant ones — where they do business.
This point has been underscored by the recent uptick in coordinated, multijurisdictional investigations into corruption issues, including the spate of high-profile investigations involving authorities in the United States and Brazil (most notably, the Odebrecht case).… Continue Reading
At a time when U.S. leadership in the world is no longer a surety, we should be comforted to find another western hemisphere country proudly taking the lead.… Continue Reading
The Brazilian judge overseeing the politically explosive investigation into a massive bribe and kickback scandal at the state energy company died Thursday in a plane crash.
Supreme Court Justice Teori Zavascki was killed when a light plane he was travelling in crashed into the water near Paraty in Rio de Janeiro state.
Zavascki, 68, presided over the corruption investigation known as Operation Car Wash.… Continue Reading
Brazil construction giant Odebrecht S.A. and its petrochemical unit, Braskem S.A., pleaded guilty Wednesday to paying bribes around the world.… Continue Reading
Brazil petrochemical giant Braskem SA said Wednesday it will pay about $957 million in penalties and damages for a global settlement related to the Operation Car Wash corruption and kickback scandal.… Continue Reading
Brazil petrochemical giant Braskem SA said Monday it has started discussions with the DOJ and SEC that could “lead to formal settlement negotiations and the resolution” of allegations that it paid bribes in exchange for supply contracts from state oil company Petrobras.
Braskem said it also “intends to start simultaneous discussions in Brazil with the same purpose.”
Former Petrobras director Pedro Barusco told a Brazilian court that a group of shipbuilding companies, including Keppel FELS and Jurong Shipyard, paid brides to win contracts with Sete Brasil.… Continue Reading
Developing nations like Brazil devote huge sums of public money to construct the stadiums and other works necessary for sporting mega-events.… Continue Reading