Penalties, Brazil, Compliance

New Federal Decree Regulates Renovabio Penalties

Mayer Brown on 5/6/2025

On April 17, Federal Decree No. 12,437/2025 (the “Decree”) was published, regulating recent amendments to the National Biofuels Policy (Renovabio) introduced by Law No. 15,082/2024. The Decree aims to strengthen oversight...more

Korean Engineering Company Fined $75 Million Over Alleged Foreign Bribery Scheme In Brazil

A&O Shearman on 12/3/2019

On November 22, 2019, the U.S. Department of Justice (“DOJ”) announced that it had entered into a three-year deferred prosecution agreement (“DPA”) with a Korean engineering company (“SHI”) to settle allegations of Foreign...more

Lessons Learned from the Samsung FCPA Enforcement Action

Thomas Fox - Compliance Evangelist on 11/26/2019

Last week, another Foreign Corrupt Practices Act (FCPA) case was resolved. It involved Samsung Heavy Industries Company Limited (SHI), a South Korea-based engineering company that provides shipbuilding, offshore platform...more

Samsung Agrees to Pay $75 Million to Resolve FCPA Violations (Part I of II)

The Volkov Law Group on 11/25/2019

Samsung Heavy Industries agreed with the Justice Department to pay $75 million to settle FCPA charges. Under a three-year deferred prosecution agreement (DPA), Samsung agreed to filing of a criminal information in the Eastern...more

FCPA Recidivists: Orthofix (Part II of II)

The Volkov Law Group on 1/30/2017

In its continuing quest to push the message of aggressive FCPA enforcement, the SEC resolved FCPA charges against Orthofix, a medical device company, for $6 million in penalties and disgorgement. In a related action, the SEC...more

Embraer FCPA Enforcement Action – Part III

Thomas Fox - Compliance Evangelist on 10/27/2016

Today I continue my exploration of the recently announced Department of Justice (DOJ) and Securities and Exchange Commission (SEC) Foreign Corrupt Practices Act (FCPA) enforcement action with the announcement of the...more