Political and Social Risk in Brazil and South America

18 September 2013

The presentation initially assessed Brazil’s position against a number of political and social risk parameters, including nationalisation/expropriation, state intervention, bureaucracy (ease of doing business), trade policy and corruption/integrity and social unrest and compare these with other major Latin American economies.

The presentation subsequently provided an overview of the operational environment in three key economic sectors, namely oil and gas, infrastructure and financial services; the analysis will focus on the government’s attitude towards companies operating in each sector, and highlight to how and to what extent the risks described above impact these investors in these sectors.



Registration & Breakfast




Leonardo Ferreira (Brazilian Chamber)



Hermes Marangos (DAC Beachcroft LLP)


Country Risk

Geert Aalbers (Control Risks)





Hermes Marangos is a well-known international insurance and reinsurance lawyer. He has qualified both as a barrister and solicitor and has over 20 years’ experience working for leading insurers and reinsurers on high-value disputes.

Hermes is a co-author of the book, "War Risks and Terrorism", and a Vice President of the Insurance Institute of London. His expertise for the Insurance Institute of London includes legal and commercial advice on different states of political violence and its potential impact on foreign investment and infrastructure projects. He also lectures regularly worldwide on key reinsurance matters, specialist risks and legal and forensic investigations.


Geert Aalbers is General Manager Brazil & Director of Corporate Investigations Latin America. He supports clients across the region on complex and sensitive fraud and corruption investigations, and advises on a broad array of integrity, political and security risk issues. Prior to joining Control Risks, Geert was Chief Financial Officer of Makro Venezuela and a member of Group Finance overseeing operations throughout South America.

Geert graduated cum laude in Corporate Law from the Erasmus University Rotterdam, and completed a European Masters in Law & Economics at Erasmus and Oxford University. He is an MBA lecturer in Corporate Risk Management at Business School São Paulo where he obtained an Executive MBA degree. Geert speaks fluent English, Portuguese, Dutch and good Spanish.



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