Brazil graft crackdown spurs work for lawyers, corporate change

Caroline Stauffer – Reuters, 03/24/2016

In the midst of Brazil’s worst recession in decades, lawyer Thiago Jabor Pinheiro switched firms to focus full-time on one of the only booming fields in the scandal-plagued country: compliance and corporate ethics.

For Pinheiro, a massive corruption investigation unfolding at state-run oil firm Petrobras offers a golden opportunity. The scandal broke just as a tough new anti-corruption law went into effect in Brazil, raising the risk of prosecution for scores of companies.

The sweeping Petrobras investigation and the 2013 law, known as the Clean Companies Act, have sparked a frenzy of legal activity similar to what happened in the United States over a decade ago when the Foreign Corrupt Practices Act (FCPA) was implemented.

Read More…

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s