Bill Steinman | Contributing Editor
William Steinman has been providing advice to multinational companies regarding the FCPA and other anti-corruption laws for over nineteen years, and is considered to be one of the leading FCPA lawyers in the United States.
Prior to the establishment of Steinman & Rodgers, Bill was the head of the international practice group at a major U.S. law firm.
Bill’s practice focuses primarily on FCPA issues in the defense and aerospace and food industries, and he is considered an authority on the engagement of overseas sales representatives, consultants, distributors/resellers and logistics services providers.
He is also frequently called upon to assist clients with respect to internal investigations and compliance reviews. In addition to his work in the anti-corruption field, Bill regularly advises clients in the negotiation and fulfillment of foreign offset requirements, including compliance with the Feingold Amendment. He has also represented foreign sovereigns in West Africa and the Caribbean Basin regarding anti-corruption and development matters.
Bill is an Adjunct Professor of Law at the George Washington University Law School, teaching a course on international negotiation, and is a regular lecturer on FCPA matters at national conferences, international fora and in-house training programs. He previously served as Vice Chair of the ABA International Section’s Aerospace and Defense Industries Committee. Between 2003 and 2007, he served on the Board of Directors of TRACE International, a leading non-profit association that specializes in promoting anti-corruption compliance in international business.
Bill Steinman received his J.D. from the Harvard Law School in 1993, and graduated summa cum laude from the University of Vermont in 1990.
Offset obligations. We love to hate them. While governments champion offset programs as a way to create social and economic benefits from international defense spending, aerospace and defense companies must begrudgingly accept them and then labor tirelessly to fulfill them.
According to the Bureau of Industry and Security, U.S. defense firms incurred more than $30 billion in offset obligations over the last ten years.
A few weeks ago, I had the opportunity to learn about the inner workings of the International Foreign Bribery Taskforce (IFBT). Not familiar with the IFBT? It doesn’t get a lot of attention.
Per diems abound. Since my first post in this series six months ago, I’ve been asked to help our clients with at least fifteen foreign government tenders or contracts that require the payment of per diems during testing or training visits. While not a scientific survey, it underscores what I believe to be a growing demand by foreign governments for per diems.
Former Virginia Governor Bob McDonnellOn Monday this week, the U.S. Supreme Court unanimously overturned the 2014 corruption conviction of former Virginia Governor Bob McDonnell.
It’s a scenario that FCPA practitioners see all too regularly. A due diligence report regarding an intermediary reveals that it’s organized not in its home jurisdiction, but in Cyprus. Or Guernsey. Or Panama.
Per diems. We in the FCPA bar love to hate them, and with good reason. Who likes the idea of giving cash to foreign officials? If there’s anything that should rankle the anti-corruption specialist, this is it.