The latest chapter in the Petrobras scandal, TechnipFMC’s $296‑million bilateral settlement with Brazilian authorities and the DOJ, is unlikely to be the last. To the contrary, at least in Brazil, many cases are still in the pipeline. Technip’s leniency agreement represents the ninth settlement that the Brazilian Comptroller’s Office has executed since the Car Wash probe began. The Brazilian agency recently announced that there are still currently 20 other cases under negotiation, Eloy Rizzo, a partner at KLA – Koury Lopes Advogados in São Paulo, told the Anti-Corruption Report. In this article we examine the implications of the settlement. See “Petrobras Finally Inks Deal With SEC and DOJ to Resolve Allegations of Systemic Bribery” (Oct. 17, 2018).