In episode 4 of the Compliance Podcast of the Caracas office of Baker McKenzie, Jesús Dávila speaks with partner Giovani Tomasoni, Environment and Climate Change attorney of Sao Paulo’s office of Trench Rossi Watanabe, about sustainability matters and the regulation in Brazil.

Baker McKenzie and Trench Rossi Watanabe have executed a strategic cooperation agreement for consulting on foreign law.

On 2 May 2022, the National Assembly published the Partial Reform Law with the Rank, Value and Force of Law Against Corruption (“Reform”).
The Reform introduced, among others: (i) a broader definition of “Public Patrimony”; (ii) the obligation for electronic filing of the Sworn Statement of Net Worth through the creation of an automated system under the direction of the Office of the General Comptroller of the Republic; (iii) the annual update of the Affidavit; (iv) an increase in the sanctions by changing the Tax Unit for the official exchange rate of the currency of the highest value published by the Central Bank of Venezuela at the time of the payment; and (v) the unpaid suspension term for public officers.

The Compliance Podcast series, conducted by Jesús Dávila in Venezuela, aims to shed light on the implications of what anti-corruption policies represent for companies in Venezuela. In the second season we will be inviting as guests various personalities from different areas (legal, journalistic, marketing, among others) that will allow us to analyze and understand the culture of compliance, under different angles and perspectives.