Andy Spalding | Senior Editor
Andrew Brady Spalding is a senior editor of the FCPA Blog.
He’s a Professor at the University of Richmond School of Law.
A former Fulbright Senior Research Scholar and lawyer at a major international firm, Andy has lectured and conducted research on anti-corruption law throughout the developing world.
In addition to his frequent posts on the FCPA Blog, his work has appeared in the Wisconsin Law Review, the UCLA Law Review, and the Florida Law Review, among others.
Andy’s groundbreaking research about FCPA enforcement and its impact on developing countries has been discussed in leading publications, including the Wall Street Journal, the Economist, the Atlantic, and the New York Times.
Business and sport will converge in Brazil, with its uncommon fortune of hosting, back to back, the world’s two greatest sporting events: in 2014, the FIFA World Cup; in 2016, the Summer Olympics. Will it mesmerize or disappoint?
Two separate piles of BRICs? Is that where we’re headed?
Brazil’s legislation of 2002 implementing the OECD Convention conspicuously lacked a legal principle that has elsewhere proven a cornerstone of anti-bribery enforcement: corporate liability.
Andy Spalding suggests that if the Wal-mart investigation results in significant civil or criminal fines or disgorged profits, some portion of those monies be used to benefit the people of Mexico.
Last post, I discussed the proposal from Nigeria’s Social-Economic Rights and Accountability Project to establish a mechanism for using the proceeds of FCPA settlements to help bribery victims.
Yesterday, Benjamin Kessler wrote a stirring defense of what he called “one of the most altruistic FCPA amendments yet proposed:” adopting a system to share the proceeds of FCPA settlements with the victims of bribery.
Long before the agencies have closed this enforcement action, the market doled out its own unique kind of punishment yesterday. Wal-Mart’s stock value declined by almost 5%, reducing the company’s market capitalization by no less than $10 billion. We, the public, are sensing potentially vast liability here.