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Brazil's Olympics and World Cup Projects

Highlight FCPA Risk


OCT, 2012 Premium Article Policy & Regulatory Report journalist Raymond Barrett in Washington, D.C. Foreign companies eyeing a slice of Brazil’s World Cup and Olympics infrastructure bonanza face a Rio de Janeirounique set of Foreign Corrupt Practices Act (FCPA) risks. Facilitation payments and bid rigging are particular concerns for investors seeking not to run afoul of the US anti-corruption statute.  Infrastructure projects involve a lot of permitting and licensing, and those are “ground zero” for FCPA violations, according to Matthew Feeley, an attorney specializing in the FCPA at Buchanan, Ingersoll & Rooney, a US law firm headquartered in Pittsburgh, Pennsylvania. Furthermore, the time pressures surrounding major sporting events such as the World Cup create added risk. Brazil has already come under criti.....




 
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