Authorities are investigating a senior executive at Dongfeng Motor Co Ltd, a joint venture between China’s state-owned Dongfeng Motor Corporation and Japanese carmaker Nissan Motor Co.
Search Results for: label/Joint Ventures – Page 2
French company Technip said on Friday in its fourth quarter earnings release that it has reserved €245 million for an exceptional charge related to a potential settlement of Foreign Corrupt Practices Act offenses with the Justice Department and Securities and Exchange Commission for its role in the TSKJ Nigeria joint venture. The company said: As […]
It’s a familiar and unwelcome moment. Those on the other side of the table spot the FCPA compliance language for the first time: The joint venture and all its personnel shall comply in all respects with the requirements of the United States Foreign Corrupt Practices Act. Faces darken. The mood in the room goes sour. […]
[…] there is no gray area in between. But is that always true? In Asia, where I practiced law for two decades, parties coming together to form joint ventures would often use only one lawyer to negotiate and draft the documents. The lawyer (me) would technically be retained by only one of the parties, and […]
Weatherford International agreed Tuesday to pay $152.6 million to the DOJ and SEC for FCPA offenses in the Middle East and Africa and violation of the Iraq oil-for-food program.
Paris-based Technip S.A., an engineering and construction firm that’s part of the oil and gas services industry, has resolved FCPA-related charges with the DOJ. It agreed to pay a $240 million criminal penalty and enter into a deferred prosecution agreement. It also settled a civil complaint filed by the SEC by paying $98 million in […]
Parental controls: Anti-corruption compliance programs for joint ventures, subsidiaries and franchisees (Part 4)
In this fourth of eight installments, we look at risk assessments and mitigation measures for joint venture (JV) interests. You can find Parts One, Two, and Three here.