Work Area: Compliance & Investigations

Peru’s evidence in Odebrecht cases leads to rift with Brazil

Brazilian prosecutors have reportedly suspended cooperation with Peru on high-profile corruption investigations because of concerns about the state’s use of evidence in arbitrations relating to Odebrecht projects.

02 December 2022

Brazil challenges health insurance merger over duopoly concerns

Brazil’s competition authority has asked its administrative tribunal to block Hapvida's purchase of rival Smile, less than a year after prohibiting another attempted acquisition by the health insurance provider.

30 November 2022

Cleary strengthens LatAm offering in global promotions

Cleary Gottlieb Steen & Hamilton LLP has bolstered its bankruptcy department by promoting two lawyers with Latin American experience to partner and counsel in New York.

18 November 2022

CADE punishes air fuel cartel

Brazil’s antitrust watchdog CADE has fined São Paulo’s main international airport and three jet fuel distributors a total of €27.4 million (US$27.3 million) for unlawfully refusing to lease storage space to a rival, in a decision that saw the agency’s tribunal split on how to calculate the penalty.

18 November 2022

Mexico fines LPG distributors in largest-ever cartel probe

Mexico’s competition authority COFECE has imposed what appears to be its highest-ever cartel fine – US$124 million – on 53 companies and 34 individuals for colluding to fix prices and share the market for the distribution of liquefied petroleum gas (LPG).

16 November 2022

Chile's competition tribunal gives first interlocking directorates fine

Chile’s competition tribunal has approved a first-of-its-kind settlement agreement with a bank accused of breaking rules that prevent directors from serving on the boards of rivals, ordering the company to pay a US$1.2 million fine.

10 November 2022

Multilateral cooperation drives LatAm anti-corruption enforcement

Multilateral cooperation across borders has significantly boosted anti-corruption enforcement efforts in Latin America, according to panellists at Latin Lawyer and Global Investigations Review’s 10th anti-corruption conference in São Paulo.

09 November 2022

Pinheiro Neto announces new partners for 2023

Brazilian Elite firm Pinheiro Neto Advogados has elected six new partners, strengthening its life sciences, M&A, tax and compliance teams.

08 November 2022

Brazil boosts focus on corruption beyond its borders

A Brazilian federal anti-corruption agency is expanding its focus on bribery that occurs outside of the country but involves Brazilian companies or public officials.

02 November 2022

CADE head calls to investigate pollsters amid presidential election

The president of Brazil’s antitrust enforcer CADE has asked his agency to probe if several research institutes colluded to manipulate election polling results – and ultimately the country’s general elections.

21 October 2022

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