The New Anticorruption Law (Law Nº 12.846/2013)

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De Luca, Derenusson, Schuttoff e Azevedo Advogados
Contributor
De Luca, Derenusson, Schuttoff e Azevedo Advogados
The Anticorruption Law sets forth administrative and civil liability for corruption practices, and indicates a change in the attitude and mentality of the companies.
Brazil Corporate/Commercial Law
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The Anticorruption Law (Law No. 12.846/2013), which sets forth administrative and civil liability for corruption practices, indicates a change in the attitude and mentality of the companies, meaning that they now formally prevent the occurrence of wrongful acts, in compliance with the new law.

The law itself provides that application of the sanctions shall take into consideration the existence of internal anticorruption mechanisms and procedures, so that the companies that prove actual application of anticorruption compliance programs may be granted a less severe treatment in the event of an adverse judgment.

Due to the companies' interest in instituting this kind of strategy, anticorruption compliance programs may be delineated in accordance with the priorities and medes of each company, using several instruments, from the training of personnel, preparation of codes of ethics, codes of conduct, internal policies, development of ombudsman's mechanisms, denunciation, to internal audits, in addition to specific consulting services for each doubt or matter that may occur.

In addition to the anticorruption compliance programs, many solutions have also involved antitrust compliance programs, in compliance with the Brazilian Antitrust Law (Law No. 12.529/2011). These programs develop instruments for the companies to observe the antitrust rules and prevent from discussions in this respect, avoiding and preventing, for example, cartel pratiques and procedi-nos brolha bi the Brasiliana Antitruste Authorities (CADE).

Please feel free to contact us in case you wish to discuss these issues in more detail.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

The New Anticorruption Law (Law Nº 12.846/2013)

Brazil Corporate/Commercial Law
Contributor
De Luca, Derenusson, Schuttoff e Azevedo Advogados
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