Brazil’s anti-corruption “clean company law” is signed – goes into effect 1/24/2014

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[author: André Marques Gilberto*]

On August 1, 2013, President Dilma Rousseff signed into law Brazil’s so-called clean company act, a sweeping piece of anti-corruption legislation that aims to introduce an effective corporate compliance culture.

In the process, she vetoed three aspects of the bill, making it effectively tougher than originally projected.

In the next few days we will provide a deeper look at the new law, which goes into effect January 24, 2014. Those doing business in Brazil will need to relearn how to do business in the country under very different rules.

Please watch for our overview of the new law, coming to you soon.

* André Marques Gilberto is a partner in the Antidumping, Antitrust and Regulatory practices at Campos Mello Advogados, based in São Paulo.

 

Topics:  Anti-Corruption, Compliance, White Collar Crimes

Published In: Business Organization Updates, General Business Updates, Finance & Banking 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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