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The new Anti-Corruption Act: Perspectives on Business

In January 29, 2014 the Federal Act # 12,846/2013, known as “Anti-Corruption Act”, entered into force. The Act provides for the civil and administrative liability of legal entities for performing acts against the Public Administration, either national or foreign, regardless of evidences of fault or willful misconduct. The act is found similar to international acts, such as the American Foreign Corrupt Practices Act (FCPA) and the English UK Bribery Act (UKBA), representing an important and innovative event in the Brazilian legal system once it implies the recrudescence of anticorruption practices, incentivizes the improvement of corporative governance and also contributes to the increase, in the same ratio, of foreign investors’ confidence in the country.