Don’t bet on Bolsonaro

By Robert Amsterdam, founding partner and international lawyer at Amsterdam & Partners LLP in Washington, D.C. On New Year’s Day, Brazilians will watch as the former army captain and congressman from Rio de Janeiro, Jair Bolsonaro, is inaugurated as the next President of Brazil. Bolsonaro, an ultra-conservative nationalist, is largely considered to be a product of Brazilian’s widespread frustration over the country’s chronic troubles with violence, corruption, inequality and economic malaise. And like the majority of Brazilian voters who selected his name at the polls, foreign investors and multinationals were, throughout the campaign, decidedly in favor of a Bolsonaro presidency – but the fireworks shouldn’t be dusted off just yet. The exaggerated enthusiasm of global investors and multinational companies long […]