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Brazil Enacts Long-Pending Anti-Corruption Legislation

As discussed in Part Two of this article, violation of the law may result in administrative proceedings being brought against a corporate entity, but another method of enforcement is also authorized.

17 minute read January 30, 2014 at 08:52 AM
By
Andrew M. Levine, Bruce E. Yannett, Renata Muzzi Gomes De Almeida, Steven S. Michaels And Ana L. Frischtak
Brazil Enacts Long-Pending Anti-Corruption Legislation

Brazil's new Clean Company Law, which establishes penalties for legal entities that engage in corruption or commit fraud in relation to public tenders and government contracts, was enacted to help fulfill Brazil's obligations under the Organisation for Economic Co-operation and Development (OECD) Convention on Combating Bribery of Foreign Public Officials in International Transactions (OECD Anti-Bribery Convention).

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