German raid on EADS joint venture
Richard L. Cassin
August 27, 2013
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German police have raided the offices of a joint venture between EADS and ThyssenKrupp during an investigation of overseas corruption.
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Search Results for: label/Joint Ventures – Page 3
Alcoa partner talks about possible FCPA settlement
Richard L. Cassin
July 12, 2013
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An Australian joint venture partner of Alcoa said this week that possible FCPA settlements with the DOJ and SEC for alleged bribes to officials of Bahrain’s Alba could amount to more than $300 million.
Hey, who changed the FCPA Resource Guide?
Benito Romano and Lauren Kaplin
August 5, 2015
1 Comment
[…] books and records of its affiliates, the Guide quietly dropped the responsibility for “joint venture partners” from its list. The Guide now limits the requirement to “joint ventures” under an issuer’s control. The Guide previously defined a “minority-owned subsidiary or affiliate” as a company where the parent owns “less than 50%.” That line now […]
KBR’s Twisted Web
Richard L. Cassin
February 9, 2009
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We’ve been looking over the criminal information charging Kellogg, Brown & Root LLC with violating the Foreign Corrupt Practices Act. There’s one conspiracy and four substantive counts. There’s also a related document called the Joint Motion to Waive Presentence Investigation. That’s where the Justice Department talks about the potential criminal fine range and agrees with […]
Parental controls: Anti-corruption compliance programs for joint ventures, subsidiaries and franchisees (Part 7)
Jeffrey M. Kaplan and Rebecca Walker
February 26, 2014
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In this seventh of an eight-part series on “parental controls,” we continue our discussion from the prior post on controls extended to more actively managed subsidiaries. We also tackle franchise compliance.
The Requestor’s French Dilemma
Richard L. Cassin
September 5, 2007
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Facing a decision to either stay in a joint venture or leave, when staying means violating the Foreign Corrupt Practices Act and leaving means breaching contractual obligations, is a legal disaster. But it’s an easy trap to fall into. One U.S. company (called the “Requestor”) proposed to enter into a joint venture with a French […]
VW China partner graft probe widens
Hui Zhi
September 15, 2014
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[…] sales for personal gain. But according to sources close to the FAW, authorities are now investigating about 50 executives at the group and some of its joint ventures. The Central Commission for Discipline Inspection recently announced that FAW-Volkswagen’s Audi sales division had misused company funds for overseas sight-seeing tours. Six executives, including the joint […]
Parental controls: Anti-corruption compliance programs for joint ventures, subsidiaries and franchisees (Part 3)
Jeffrey M. Kaplan and Rebecca Walker
February 20, 2014
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In this third of an eight-part series on “parental controls,” we explore the types of compliance provisions that should be considered for inclusion in a joint-venture (JV) agreement. You can find Part 2 here and Part 1 here.
Anheuser-Busch InBev pays SEC $6 million for India FCPA offenses and impeding whistleblower
Richard L. Cassin
September 28, 2016
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Anheuser-Busch InBev paid $6 million Wednesday to settle charges that it violated the Foreign Corrupt Practices Act and impeded a whistleblower who reported the misconduct.
Joint investigative powers for Singapore’s central bank officers
Adrian Tan
April 22, 2015
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The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force announced last month that it will jointly investigate market misconduct offenses such as insider trading and market manipulation.