5 Years of Operation 'Car Wash': Revisiting Bid Rigging and Bribery Investigations

Competition Policy International - Antitrust Chronicle April 2019

11 Pages Posted: 24 May 2019

See all articles by Denis Guimaraes

Denis Guimaraes

AGPR; University of Michigan (2014-15); University of Sao Paulo - USP (PhD, 2008)

Diaulas Ribeiro

Universidade Católica de Brasília - UCB

Date Written: April 9, 2019

Abstract

This article addresses bid rigging and bribery investigations conducted by the Brazilian antitrust and anti-corruption authorities in the scope of the so called Operation Car Wash (Operação Lava Jato). After summarizing the main issues regarding infringements and penalties, it exposes the dissent between the fining criteria established in the CADE Settlement Guidelines (antitrust agency) and alternative methods. In addition, it presents condensed information about the pecuniary contributions charged by CADE, and fines/indemnification charged by CGU (anti-corruption agency). The article concludes with a few lines about policy changes that could take place as of 2019.

Keywords: car wash, lava jato, jet wash, bid rigging, bribery, CADE, CGU, AGU, MPF, TCU, DOJ, guidelines, advantage obtained, pecuniary contribution, fine, indemnification

Suggested Citation

Guimaraes, Denis and Ribeiro, Diaulas, 5 Years of Operation 'Car Wash': Revisiting Bid Rigging and Bribery Investigations (April 9, 2019). Competition Policy International - Antitrust Chronicle April 2019. Available at SSRN: https://ssrn.com/abstract=3379136

Denis Guimaraes (Contact Author)

AGPR

Av. Paulista, 726 - 17th Fl. - Ste. 1707
Sao Paulo SP, 01310-910
Brazil
(55) (11) 3254 6304 (Phone)

HOME PAGE: http://www.agpr.consulting

University of Michigan (2014-15) ( email )

Ann Arbor, MI
United States

HOME PAGE: http://www.law.umich.edu

University of Sao Paulo - USP (PhD, 2008) ( email )

Sao Paulo SP
Brazil

HOME PAGE: http://www5.usp.br/english/?lang=en

Diaulas Ribeiro

Universidade Católica de Brasília - UCB ( email )

Brasilia, DF
Brazil

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