Tag Archives: Petrobras

The Petrobas Downfall and its Effects on Brazil’s Economy and Political System

BY: CHARLES VERCILLO At one time, owning stock in the Brazilian state-owned Petrobas oil company could be described as promising. However, that promise has waned as allegations of corruption and scandal have plunged the company into a formal “wide-ranging investigation” into the company’s business practices. This scandal, popularly known as “Operation Carwash” revolves around a […]

Do Corporate Campaign Donations Rig the Political Game? Brazilian and U.S. Courts Disagree

BY PAUL NUNEZ- The Brazilian Supreme Court recently ruled that a statute allowing corporations to donate to political campaigns was unconstitutional. In so holding, the Brazilian Supreme Court in some ways mirrored the reasoning of Austin v. Michigan Chamber of Commerce, a United States Supreme Court decision overruled by Citizens United v. Federal Elections Commission. […]