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President Temer inflates number of refugees received by Brazil at the...

In his first speech to the United Nations (UN), on Monday 19, President Michel Temer inflated the number of refugees accepted by Brazil, to...

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An outstanding year for wind and solar energies in Brazil.

The year 2017 was a memorable year for renewables. Its percentage of participation in the Brazilian Energy Matrix was 43.5% in 2016, better than...

IBM´s Watson is becoming popular in Brazil

Brazil is one of the countries where IBM plans to develop its marketing objective – to propagate Watson, its popular cognitive computing platform. By 2018,...

Brazil´s ex-president, Mr. da Silva imprisoned for corruption

On July 12, 2017, Luiz Inácio Lula da Silva or "Lula", a well-known Brazilian ex-president from 2003 to 2010, was imprisoned for a bribery...
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Brazil passes Anti-Bribery Bill: key aspects for companies | Lexology

Brazil has passed a new Anti-Bribery Bill, which imposes civil and administrative liability on companies found to have engaged in corrupt practices while transacting business in Brazil or with Brazilian entities. The law will go into effect early in 2014. Companies should be aware of the Bill, and in particular, some of the following aspects of the Bill:

The law applies to bribery of Brazilian officials and foreign public officials. As a result, it applies not only to Brazilian companies doing business with foreign entities, but also to non-Brazilian companies, with a subsidiary, branch, office, or representative in Brazil. Companies can be liable for the acts of their officers, directors, employees, or agents through respondent superior, and in certain circumstances, may be strictly liable for their agents’ actions. The law provides a credit against sanctions for companies that have instituted compliance programs. Cooperation and self-reporting are also rewarded through reductions in the sanctions available against companies. It is expected that the Brazilian government will produce more detailed guidelines on the key components of compliance programs, and the exact meaning of ‘cooperation’ in the near future. Fines available under the law can reach as high as twenty percent of the company’s gross revenue from the year prior. If that amount cannot be calculated, fines can reach up to R$60 million (approximately US$26 million). Sanctions may also include suspension of the company’s activities and even dissolution of the legal entity. …

Source: www.lexology.com

BRazil's president Michel Temer

Brazil to open up to foreign buyers

President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull...
Law

Dentons to form strategic alliance with Brazil’s Vella Pugliese Buosi Guidoni

Dentons, the world's largest law firm, today announced its intention to form a strategic alliance with Vella Pugliese Buosi Guidoni (VPBG), one of the...

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Brazil Forecasts Grain Harvest of 213.1 MMT

Brazil’s 2016/2017 grain harvest will reach 213.1 MMT (Million Metric Tons), an increase of 14.2%, the country’s grain agency CONAB said Thursday. Favorable weather conditions...