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.
Search Results for: label/Affrmative Defense
[…] affirmative defenses for local law and promotional expenses. And the facilitating payments exception is a rich vein for the FCPA commentariat. Why, then, is the FCPA extortion defense mostly ignored and neglected? Here are some reasons. Reason #1: The word “extortion” never appears in the FCPA. Search all 8,000 words of the FCPA and […]
[…] been challenged before the American courts, perhaps most notably — although ultimately unsuccessfully — during the Ionia affair and its widely debated amicus brief. A good-faith compliance defense has been considered for some time as a potential counterweight to respondeat superior. The incentives for effective compliance programs if corporations accused of violating the FCPA […]
In yesterday’s post, Andy Spalding said efforts to reform the FCPA by adding a compliance defense have emerged “unscathed” from the fallout over the New York Times report of Wal-Mart’s conduct in Mexico. I believe that the opposite is true; that the Wal-Mart scandal sounded the death knell for any efforts to amend the […]
A former executive of a Singapore-based defense contracting firm was sentenced to 63 months in federal prison Friday for his role in defrauding the U.S. Navy of $34 million for ship husbanding services.
The agency in charge of granting licenses to defense exporters will start to require KYC, blacklist, and sanctions searches to applications for marketing and export licenses. This move is meant to strengthen control by Israeli authorities over marketing and export of military goods, which sometimes allegedly find their way into dubious hands.
The just released Transparency International Middle East & North Africa, Government Defense Anti-Corruption Index is exhaustive and thorough, and from my experience well represents the real-world risk which exists in the region.
[…] idiom in the book used to describe their rarity. A needle in a haystack. Scarce as hen’s teeth. Rare as a four-leaf clover. To make matters worse, defense contractors face significant pressure to find suitable projects. Companies can face stiff financial penalties and even blacklisting if they fail to discharge their obligations on time. […]