Ambiguity continues to shroud M&A asset liabilities in Brazil

Few areas of law have been as severely affected by Latin America’s burgeoning compliance culture as M&A, particularly when the assets being merged or acquired may have derived from a parent company already involved in a corruption investigation. Although legislation recently introduced in Brazil aims to resolve many of the ambiguities raised in such a scenario, the untested nature of the regulations and absence of available case law means companies involved in a transactions are often left with more questions than answers, heard delegates at Latin Lawyer’s 7th Annual M&A Conference.

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