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Expert Analysis

Brazil's New Anti-Corruption Law Stirs The M&A Pot

Law360, New York (October 15, 2013, 12:13 PM EDT) -- Perhaps in response to the millions of Brazilians who took to the streets in June 2013, the Brazilian Anticorruption Act was enacted on Aug. 1, 2013 (Law nº 12,846, or "BAC"), effective starting on Jan. 29, 2014. The BAC is not the first statute in Brazil enacted with the intent to fight corruption — Brazil has promulgated three international conventions on the matter, one of them more than 10 years ago — but it may signal a more serious commitment by Brazilian authorities on this matter. But will the BAC affect the deal practice involving Brazilian companies?...

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