Several articles over the past few days have reported that the DOJ and SEC are quietly revising A Resource Guide to the FCPA, the joint guidance the agencies issued on November 14, 2012, including one article that suggested these revisions occurred as recently as June of this year (see also here and here).… Continue Reading
The fallout from the Petrobras corruption scandal in Brazil keeps growing. This week there’s a new disclosure from Houston-based Vantage Drilling Company.
The drill ship operator said in an SEC filing Tuesday that an agent it used in Brazil “has entered into a plea arrangement with the Brazilian authorities in connection with the agent’s role in obtaining bribes on behalf of former Petrobras executives.”… Continue Reading
A U.S. federal judge dismissed a securities lawsuit against PetroChina Tuesday that alleged the company failed to disclose corruption it flagged for Chinese investigators and made misleading statements in two annual reports.… Continue Reading
The SEC took a seemingly aggressive stance in the BHP Billiton case, penalizing the Australian company $25 million for FCPA offenses because it sponsored foreign officials to attend the 2008 Summer Olympics in Beijing.… Continue Reading
NCR Corp. said last week it was “informed by the staff of the Securities and Exchange Commission that it does not intend to recommend an enforcement action.”
The SEC’s decision came after a three-year investigation of the company’s compliance with the Foreign Corrupt Practices Act.… Continue Reading