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Brazil issues new integrity guidelines for entities under investigation

corruption

While many GCs and compliance officers welcome the latest integrity programme guidelines for companies seeking leniency in investigations, some lawyers say companies must go much further to ensure a culture of integrity within their organisations and help to advance the country’s developing ethics and compliance landscape.

Movers & shakers - 12 October

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This week’s movers and shakers takes a look at changes in the retail, professional services and pharmaceuticals industry. 

Petrobras urges court to examine “bribery scheme”

The Titanium Explorer, the drilling ship at the centre of the dispute

Brazil’s state-run oil and gas company Petrobras has urged a US court not to enforce a US$622 million award arising from a contract allegedly procured through bribery of public officials – but the Cayman entity that won the award says no “redo” of the arbitration is allowed.

Corporate investigations: Who you gonna call?

Emir Calluf Filho, speaking at LACCA Miami

Most companies will need to conduct an internal investigation at some point, but putting together the right team can make the difference between an efficient and successful one, and one that is fraught with errors and spiralling costs. GCs at LACCA’s Miami meeting discussed some of the most important factors to consider when calling in the cavalry for a corporate investigation. 

General Electric’s executive counsel moves to private practice

Calvet

The executive counsel in US conglomerate General Electric (GE)’s global investigations team, María González Calvet, has left the in-house world to become a partner at Ropes & Gray's anti-corruption and international risk practice. She tells LACCA about the benefits that trusted in-house counsel bring to companies navigating today’s anti-corruption landscape.

News in brief – 5 October

NIB

This week’s news in brief sees the largest FCPA settlement made in history with Brazil’s state-owned Petrobras and the finalisation of NAFTA’s replacement agreement between Mexico, Canada and the US. In Colombia we take a look at the launch of a multimillion-dollar tender for a new road project and a dispute over a proposed land reform bill while in Costa Rica, strikes over the proposed tax reform continue.

Guatemalan beverage giant hires new compliance director

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After over 12 years at Brazilian brewing company Cervejaria Ambev, Francisco Ramos has moved to The Central America Bottling Company (cbc).

Brazil settles stock exchange operator probe

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Brazilian stock exchange operator BM&FBovespa has agreed to settle an investigation by the country’s antitrust watchdog with a cease-and-desist order and payment of 9.4 million reais (€2.09 million). By Julie Jackson

Axa, Johnson Controls and Bayer among LACCA Awards winners

GCs and lawyers from around the region gathered to celebrate in Miami

Senior in-house counsel from Axa, Hewlett-Packard Enterprise and Bayer alongside regional legal departments from Johnson Controls and JLL were all winners at the 5th LACCA Awards Ceremony, held on Wednesday evening in Miami.

GCs from across the region gather for LACCA Miami

Jose Arce, Juan Francisco Torres Landa and Joe Fish speaking at the meeting

LACCA’s annual regional meeting was held on Wednesday in Miami, bringing together leading in-house lawyers from across Latin America to discuss topics such as data breaches, managing corporate investigations, the importance of promoting a safe working environment in the #MeToo era and the art of dealmaking.

LACCA Awards- in pictures

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LACCA’s 5th annual Awards Ceremony took place in Miami on Wednesday, celebrating the cream of the region’s in-house community.

Top Tips: Increasing diversity

diversity

Despite a global struggle to increase the participation of minority groups within businesses, the legal industry has been notoriously slow at keeping pace. LACCA finds out from GCs around the region what some of their top tips are to help promote diversity in both their teams and their organisations.

Ecuador to challenge Chevron denial of justice award

rainforest

Ecuador’s attorney general has said the state will apply to annul an investment treaty award that held it liable for a denial of justice in a US$9.5 billion dispute with Chevron over environmental contamination in the Amazon – also stating that it will renegotiate its contracts with external counsel.

Brazil to create social fund with Petrobras settlement money

petrobras

Petrobras and Brazilian federal prosecutors have announced a first-of-a-kind $682 million agreement for the creation of a special fund for social and educational programmes in the country, as the company draws a line under bribery investigations locally and in the US.

Mexico and Colombia failing to tackle foreign bribery

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Foreign bribery remains unchecked in some of Latin America’s biggest exporting countries, highlighting major flaws in national legal systems, according to a new report by Transparency International.

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