Brazil’s anti-corruption 'clean company law' goes into effect 1/24/14 — get ready to comply

Brazil’s president, Dilma Rousseff, has signed Law n. 12.846/2013, popularly called the ‘clean company law’.

The law goes into effect on 24 January 2014. Both companies and public bodies have a very short timeframe in which to lay the groundwork for relearning how to do business in Brazil, as well as to adapt to the much stricter legal framework that the law creates.

The law applies to virtually every company — either foreign or Brazilian — that is headquartered in Brazil or that has a local subsidiary or representation…

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