Experts on Brazilian Law Explain the Latest Fallout from the Petrobras Scandal

The fallout from the Petrobras bribery scandal, which has been brewing since mid-2013, continues to grow.  In April, Petrobras finally released its 2014 financial statements, which included significant corruption-related write-downs and impairments.  A recent program presented by Mayer Brown and its Brazilian affiliate, Tauil & Chequer Advogados, offered a look at the history of the Petrobras scandal, including developments since the release of the 2014 financials.  The panelists also reviewed enforcement actions being taken by Brazil’s securities regulators; economic ramifications of the scandal; and the risks and opportunities arising out of that scandal.  See also “Operation Car Wash: Examining the History and Consequences of the Petrobras Scandal” (Mar. 18, 2015); “Brazil’s Evolving Anti-Corruption Environment” (Apr. 29, 2015).

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