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Compliance Is New Buzzword as Scandals Spread in Brazil

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For Sao Paulo-based lawyer Shin Jae Kim, times have changed. During Brazil’s boom years she advised on acquisitions and project implementation. Today, her in-box is filled with requests for compliance advice.

As Brazil’s biggest-ever corruption scandal spreads from oil producer Petroleo Brasileiro SA to the nation’s biggest builders, lawyers like Jae Kim are benefiting from a rush by companies to improve corporate governance. The scandal coincides with tougher anti-corporate malpractice rules, resulting in a legal boom in Latin America’s largest economy.