Richard L. Cassin Publisher and Editor
Andy Spalding Senior Editor
Jessica Tillipman Senior Editor
Elizabeth K. Spahn Editor Emeritus
Cody Worthington Contributing Editor
Julie DiMauro Contributing Editor
Thomas Fox Contributing Editor
Marc Alain Bohn Contributing Editor
Bill Waite Contributing Editor
Shruti J. Shah Contributing Editor
Russell A. Stamets Contributing Editor
Richard Bistrong Contributing Editor
Eric Carlson Contributing Editor
Bill Steinman Contributing Editor
Aarti Maharaj Contributing Editor
Richard L. Cassin | Monday, July 3, 2017 at 7:18AM 
During the second calendar quarter, the DOJ reduced Odebrecht's criminal penalties for FCPA violations, and a former Och-Ziff middleman was sentenced to prison.
Richard L. Cassin | Friday, April 14, 2017 at 7:28AM 
The DOJ said in a court filing Monday that the U.S. share of Odebrecht's "global" criminal penalty for its December FCPA resolution will be $93 million and not $260 million. That reduction means the combined Odebrecht/Braskem FCPA settlement isn't big enough to make the top ten list.
Braskem SA, Odebreacht, Top Ten |
Roberto P. Bauzá | Thursday, April 6, 2017 at 9:28AM 
This week I had the pleasure and privilege of attending a public speech given by Judge Sergio Moro in Buenos Aires before an audience of local attorneys, businessmen, members of the judiciary and government officials.
Braskem SA, Brazil, Car Wash, Odebreacht, Petrobras, Sergio Moro |
Jason Jones, Amelia Medina and Kyle Sheahen | Thursday, March 23, 2017 at 7:08AM 
As frequent readers of the FCPA Blog are well aware, nowadays companies must consider not only the anti-corruption regulatory regimes in their home jurisdictions, but also the criminalization and prosecution of bribery in other locales -- sometimes very distant ones -- where they do business.
Brazil, Clean Companies Act, Odebreacht |
Andy Spalding | Tuesday, March 21, 2017 at 11:28AM 
At a time when U.S. leadership in the world is no longer a surety, we should be comforted to find another western hemisphere country proudly taking the lead.
Braskem SA, Brazil, Car Wash, China, Odebreacht, Xinhua News Agency |
Richard L. Cassin | Monday, January 23, 2017 at 7:08AM 
The Brazilian judge overseeing the politically explosive investigation into a massive bribe and kickback scandal at the state energy company died Thursday in a plane crash.
Braskem SA, Brazil, Marcelo Odebrecht, Odebreacht, Petrobras, Teori Zavascki |
Richard L. Cassin | Thursday, December 29, 2016 at 8:18AM 
While the U.S. share of Odebrecht's "global" criminal penalty for its December 21 FCPA resolution is not yet known, it's going to be at least $260 million. Its subsidiary, Braskem, agreed to pay the DOJ and SEC $159.8 million for FCPA offenses. If you combine them, their $419.8 million settlement lands fifth on our list of the biggest FCPA cases of all time.
Braskem SA, Odebreacht, Top Ten |
Richard L. Cassin | Wednesday, December 21, 2016 at 1:18PM 
Brazil construction giant Odebrecht S.A. and its petrochemical unit, Braskem S.A., pleaded guilty Wednesday to paying bribes around the world. The companies agreed to pay $3.5 billion for a global settlement with authorities in the United States, Brazil, and Switzerland.
Braskem SA, Brazil, Marcelo Odebrecht, Odebreacht, Switzerland |
Richard L. Cassin | Thursday, December 15, 2016 at 7:18AM 
Brazil petrochemical giant Braskem SA said Wednesday it will pay about $957 million in penalties and damages for a global settlement related to the Operation Car Wash corruption and kickback scandal.
Braskem SA, Brazil, Marcelo Odebrecht, Odebreacht, Petrobras |
Richard L. Cassin | Tuesday, October 4, 2016 at 9:18AM 
Brazil petrochemical giant Braskem SA said Monday it has started discussions with the DOJ and SEC that could "lead to formal settlement negotiations and the resolution" of allegations that it paid bribes in exchange for supply contracts from state oil company Petrobras.
Braskem SA, Brazil, Marcelo Odebrecht, Odebreacht, Petrobras |
Nicolas Torres | Tuesday, June 30, 2015 at 8:08AM 
Petrobras executive Pedro Barusco (Image courtesy of Agência Brasil Fotografias/Flickr)Another week, another fresh round of bribery allegations from Brazil.
Brazil, Kawasaki, Keppel FELS, Marcelo Odebrecht, Odebreacht, Pedro Barusco, Petrobras, Sembcorp Marine, Sete, Singapore |
Tyler Klink and Kat Gavin | Wednesday, February 25, 2015 at 7:08AM 
Developing nations like Brazil devote huge sums of public money to construct the stadiums and other works necessary for sporting mega-events. These works are used for a few weeks or months, and then too often, usage declines. Brazil has already experienced this pain once in hosting the World Cup in 2014, and hopes to not revisit this pain with the 2016 Olympics.