The far-reaching Odebrecht scandal has upended the careers of several politicians in multiple countries, but may actually be the catalyst for something better for Latin America as a whole – including for each of the countries tarnished by the matter and for corporations seeking to do business in the region. While quite a few nations still grapple with repercussions from the elaborate and widespread bribery scheme, promising developments indicate that the region actually is making some much-needed changes. In this first part of our two-part series, the Anti-Corruption Report spoke to Ropes & Gray partner Nicholas Berg about the implications from Odebrecht in Peru and the ripple effect on the rest of South America, including which changes have and have not worked so far, and the impact of U.S. government initiatives. The second part will cover Berg’s take on Mexican anti-corruption enforcement, the potential systemic change across Latin America and how multinational companies should approach the region in this anti-corruption climate. See our series on the Odebrecht and Braskem Settlements: “Myriad Bribes, Two Companies and One Multibillion Dollar Global Settlement” (Jan. 18, 2017), and “Brazilian Enforcers Are MVPs” (Feb. 1, 2017).