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Past Event
12 May 2015


  • Kelly B. Kramer
    T +1 202 263 3007

The Developments of Brazil’s “Operation Car Wash” after the Publication of Petrobras Audited Financials

The intensifying investigation into Petrobras raises important questions about Brazil’s anti-corruption enforcement efforts. At the same time, Petrobras has published its audited financial reports reflecting a USD 2.1 billion write down for corruption and a USD 14.8 billion impairment. Please join us as we discuss:

  • The latest developments in the Car Wash investigation
  • The expected next steps in enforcement in Brazil and abroad
  • The role of CVM (Brazilian Securities and Exchange Commission) in connection with potential securities violations
  • The roles the US Department of Justice and Securities and Exchange Commission
  • The economic impacts of the investigation on Brazil
  • The status of the various debt restructuring processes associated with the scandal


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