Brazil Revises Foreign Bribery Bill

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The Brazilian Congress has now revised its foreign bribery bill, making anti-corruption rules more clear for companies. It appears to have taken inspiration from the U.S. Foreign Corrupt Practices Act (FCPA). Revised rules address corporate liability, sanctions, voluntary disclosures, and compliance programs. The House is scheduled to vote on this legislation before July 2012.

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Published In: Business Organization Updates, Criminal Law Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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