FCPAméricas Blog
Archive for Energy Sector category:
Lava Jato’s Judge Moro Speaks to Washington
8.16.2016
Brazil’s Lava Jato, also known as “Operation Carwash,” is the largest anti-corruption prosecutorial effort in the world today. And perhaps the most important individual behind that effort is Sergio Moro, a federal judge overseeing several of the criminal proceedings. On July 14, 2016, Judge Moro spoke to an audience in Washington DC at the Brazil […]
Comments | Print This Post | | Read more...
New Pemex Corruption Risks
2.29.2016
Over the years, companies providing goods and services to Petróleos Mexicanos (Pemex), Mexico’s state-owned oil & gas company, have faced numerous FCPA risks. Pemex is considered an “instrumentality” of a foreign government under the FCPA since it is controlled by the Mexican Government. As a result, its officials are considered “foreign officials” under the FCPA, […]
Comments | Print This Post | | Read more...
New FCPA Risks in Mexico’s Historic Energy Reform
2.28.2016
In 2013, the Mexican Congress approved constitutional amendments to open oil & gas exploration and production to foreign investment, ending the monopoly of Petróleos Mexicanos (Pemex). In the second half of 2015, the Comisión Nacional de Hidrocarburos (CNH), the entity created by the Ministry of Energy to supervise the award of E&P blocks to private […]
Comments | Print This Post | | Read more...
Brazil’s “Car Wash” by the Numbers
12.18.2015
This guest post is from Eloy Rizzo, a senior attorney with the law firm KLA – Koury Lopes Advogados in São Paulo, Brazil. Mr. Rizzo focuses on anti-corruption and compliance issues, as well as on complex litigation. Mr. Rizzo currently interns at Miller & Chevalier’s anticorruption team in Washington, DC. The Brazilian Federal Prosecutor’s Office […]
Comments | Print This Post | | Read more...
Opportunities and FCPA Risks in Mexico’s Changing Energy Sector
4.22.2014
In December 2013, Mexico enacted constitutional amendments lifting restrictions on participation in its hydrocarbons and electrical energy sectors. These reforms end longstanding government monopolies held by Pemex, the state oil company, and the Federal Electricity Commission, which will now compete against private generators to supply public energy demands. This “epoch” change opens both sectors to […]