Eletrobras Taps Hogan Lovells To Look For FCPA Violations
Law360, New York (June 11, 2015, 7:41 PM EDT) -- Brazil's state-run electric power company Eletrobras on Wednesday announced that it has hired Hogan Lovells to determine if there are any legal violations related to projects it worked on with construction companies caught up in Operation Car Wash, the government's corruption dragnet.
In a U.S. Securities and Exchange Commission filing, the company said the firm will be looking for violations of the U.S. Foreign Corrupt Practices Act, Brazil's anti-corruption law and the company's own code of ethics.
Under scrutiny are any projects in which Eletrobras affiliates participated — either in corporate form or as minority shareholders — as well as the...
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