Region: Brazil

SEC order details Compass Minerals’ disclosure failures

The SEC has fined US mining company Compass Minerals $12 million over disclosure failures related to a Canadian mine and a contamination problem at a Brazilian chemical plant.

26 September 2022

Counsel Watch: former US attorney general tapped for cross-border GOL settlement

In the latest counsel watch, GIR looks at the teams acting for Brazilian airline GOL, telecommunications company Ericsson, banks Barclays and Morgan Stanley, and engineering company Jacobs Group in recent white-collar cases.

20 September 2022

Brazilian airline settles bribery probe with SEC, DOJ, local authorities

Carrier GOL Linhas Aéreas Inteligentes is set to pay over $41 million to resolve allegations brought by US authorities and the Brazilian Comptroller General of the Union and Attorney General’s Office in a coordinated settlement.

16 September 2022

Brazil prosecutors air corruption investigation concerns

Brazilian federal prosecutors have spoken about the challenging environment they face when conducting corporate corruption investigations.

15 September 2022

Glencore’s US resolution delayed by monitorship, restitution issues

Federal courts in Manhattan and Connecticut have delayed Glencore’s respective sentencings linked to the US portion of the Anglo-Swiss commodity trader’s global bribery and market manipulation resolution.

02 September 2022

Inter-American Development Bank debars Brazilian construction company for bribery

Copasa do Brasil is the second company to be debarred for its involvement in a million-dollar bribe to a public official in a road construction project in São Paulo.

12 August 2022

Brazil to vote on retroactive application of administrative misconduct law

Brazil’s highest court is considering the retroactivity of two main aspects of the country’s Administrative Improbity Act used to establish civil liability against companies and public officials in bribery or public corruption cases.

12 August 2022

Brazil’s Lefosse builds on compliance and investigations team

Brazilian lawyer Adriana Dantas has joined Lefosse as head of its compliance and investigations practice in São Paulo, in what she describes as a “natural progression” for the boutique she started three years ago.

10 August 2022

Brazil modifies CGU’s corporate settlement tool

Brazil has added monitorship requirements and the possibility of tougher fines in the first update in seven years to the corporate settlement tool used by the CGU.

18 July 2022

Lawyer not immune from prosecution in Odebrecht-linked bribery case

A Brazilian court has ruled that a new law regulating the reach of Brazil’s legal watchdog doesn't protect lawyers from prosecution for their roles in bribery schemes.

06 July 2022

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