Brazilian Senate passes sweeping anti-corruption 'clean company law'

Brazil’s Senate has passed a piece of legislation that, if signed by president Dilma Rousseff, is expected to drastically change the way local and foreign companies do business in Brazil.

The bill, passed on 4 July, is being referred to as the ‘clean company law’. To some extent, it is stricter than the US Foreign Corruption Practices Act (FCPA), widely regarded as one of the most stringent anti-bribery laws in the world. The FCPA prohibits paying (or offering to pay) anything of value to a foreign official in order to secure a business advantage. The scope of the Brazilian clean company law is even broader, including civil and administrative liability for legal entities that engage in acts committed against both Brazilian and foreign public administration bodies. Among the acts covered by the bill are bribery, fraud in public procurement, bid rigging, fraud in contracts signed with public bodies, impairing public officers’ investigative activities and influencing or financing others to engage in illegal acts against the government…

If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from DLA Piper

View more briefings from DLA Piper

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

3 Noble Street
London
EC2V 7EE
UK
http://www.dlapiper.com

Turnover (£m): 1,566.29
No. of lawyers: 3,961 (UK 200)
Jurisdiction: global
No. of offices: more than 75
No. of qualified lawyers: 625 (International 50)

Jobs