The closing ceremonies of the 31st Summer Games had the entire planet dancing to a samba beat after a fortnight that included plenty of tales of great performances and sportsmanship. Rio pulled it off, but now comes the bill. We'll look at unfinished projects, murky bookkeeping, Olympic-sized debt, and a regularly-scheduled political crisis that resumes this week with the trial in the senate of Brazil's impeached president Dilma Rousseff. Can Brazil be proud or will it regret hosting the Games?

Produced by Charles WENTE, François WIBAUX and Van MEGUERDITCHIAN.

Bent FLYVBJERG, Co-author

he Oxford Olympics Study 2016: Cost and Cost Overrun at the Games'

Ligia MAURA COSTA

Professor FGV-Sao Paolo University

Elliot RICHARDSON

France 24 Sports Editor

Rio's Legacy: Were the Olympics worth it for Brazil? (part 1)

Rio's Legacy: Were the Olympics worth it for Brazil? (part 2)

Ligia Maura Costa

Ligia Maura Costa is full professor at Escola de Administração de Empresas de São Paulo - Fundação Getulio Vargas (FGV-EAESP) and professor at Sciences Po., Paris and Universität St. Gallen. She received her habilitation degree in international law (“Livre-Docência”) from Faculdade de Direito da Universidade de São Paulo (FDUSP). She holds a Ph.D. and a LL.M both in international trade law from the University of Paris-X and a Bachelor’s Degree in Law from FDUSP. She was Visiting Scholar at the University of Michigan Law School and a postdoctoral fellow at Sciences Po, Paris. She was Associate Dean for International Relations at FGV-EAESP (2004-2010). She is author of several books and many articles in Brazil and abroad and has worked at the WTO in the Legal Affairs Division. In 2011, she was visiting professor at HEC, Paris and at Tsinghua University – SEM (School of Economics and Management) and in 2012 she was visiting professor at St. Petersburg State University – GSOM (Graduate School of Management). She has taught and lectured in several foreign countries, such as US, Peru, India, South Korea, Mexico and Belgium, among others. She is partner of the law firm Ligia Maura Costa, Advocacia with offices in São Paulo and Paris. She has been practising law for more than twenty years, as lawyer counsel and arbitrator, acting in Brazil and abroad, advising companies, individuals, governments and international organizations. She has experience in arbitration procedures, having being appointed as arbitrator in different jurisdictions. Ligia Maura Costa has extensive experience in international contracts negotiations, preparing legal opinions, structuring M&A and joint ventures agreements and drafting and implementing CSR codes. Website: www.ligiamauracosta.com

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Tuesday, August 23, 2016