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FCPA

Aug 02, 2013

REWIND: International Business News #75

In this week’s REWIND of international business news, we discuss IBM’s settlement on claims of bribery in China and Korea, growth of international data security issues, predictions of Chinese banking crisis, and antitrust problems for Hyundai.» Read More

Mar 05, 2013

Don’t Get Dealt a Bad Hand: Do Your Foreign Transactions Violate the Foreign Corrupt Practices Act?

The U.S. Justice Department and the Securities Exchange Commission continues its aggressive enforcement of the Foreign Corrupt Practices Act (FCPA) and its pursuit of U.S. companies who bribe or attempt to bribe “foreign officials” or “instrumentalities of foreign governments.”  Just this past Friday, the Las Vegas Sands Corporation, an international gambling empire, informed the Securities and Exchange Commission that, based upon an internal investigation of its operations, it likely violated a federal law against bribing foreign officials. » Read More

Sep 07, 2011

U.K. Bribery Act Even Broader in Scope than U.S. FCPA

On July 1, 2011 the new United Kingdom Bribery Act came into force. Because of the wide jurisdictional reach of that Act, any company or person(s) with any substantive contacts with the U.K. should understand how the Act may affect your business.» Read More

May 27, 2010

United States Department of Justice Increases Foreign Corrupt Practices Enforcement

The United States government has moved to vigorously enforce the Foreign Corrupt Practices Act over the past several years and this has profound implications for companies working overseas.

The Foreign Corrupt Practices Act, 15 U.S.C. Section 788dd-1(a) (the “Act” or “FCPA”) prohibits “corrupt” offers of any kind of payment to a foreign official when the payment is for obtaining or retaining business. » Read More