In a recent short article published by The Brazilian Report, our CEO and Founding Partner, André de Almeida, and partner David Andrew Taylor, comment on the significance of the Foreign Extortion Prevention Act (FEPA) for Brazil.
Enacted on December 22, 2023, in the U.S., FEPA significantly expands U.S. anti-corruption law by criminalizing the solicitation of bribes by foreign officials, complementing the Foreign Corrupt Practices Act (FCPA) and broadening the scope of those who can be held accountable.
FEPA represents a key milestone in the global fight against corruption, presenting Brazil with an opportunity to strengthen its legal and regulatory framework. By adopting FEPA, which fosters fair competition and increases investor confidence, Brazil can improve its global standing and pave the way for sustainable growth in the future.
Read the article to learn more about this subject here, or alternatively here.