WeWork’s parent company said in an SEC filing Wednesday for a possible IPO that its potential exposure to liability under laws such as the FCPA is likely to increase because of the way it does business.… Continue Reading
Almost all major international bribery cases involve third parties, typically commercial agents who pass on part of their commissions to government officials as bribes.… Continue Reading
This week I’m traveling to the Middle East for the first time in ten years. It’s a welcome return to a region where I spent a lot of time, and where I enjoyed dealing with agents and end users.… Continue Reading
There is a long-standing debate over the benefits and drawbacks of using intermediaries to generate and retain business.
Numerous FCPA Blog posts have explained how agents and intermediaries can provide vital support to companies looking to break into foreign markets.
Writing in The Guardian, the paper’s financial editor Nils Pratley recently summed up £671 million ($800 million) in fines meted out to Rolls-Royce, in the aftermath of the various corruption investigations, as “big, ugly and serious.”
Pratley’s four-word summary sounds like a title for a Hollywood blockbuster.… Continue Reading
International success now depends on business leaders having “the foreign policy acumen to distinguish what they can and cannot do,” according to John Chipman, the director-general and chief executive of the International Institute for Strategic Studies.… Continue Reading
In a speech this week to compliance professionals at the European Compliance and Ethics Institute in Prague, the general counsel of the UK Serious Fraud Office talked about attorney-client privilege in connection with SFO corruption investigations.… Continue Reading
A former regional director of SAP International Inc. pleaded guilty Wednesday to conspiracy to violate the Foreign Corrupt Practices Act by bribing Panamanian officials to win government technology contracts for SAP.… Continue Reading
The fallout from the Petrobras corruption scandal in Brazil keeps growing. This week there’s a new disclosure from Houston-based Vantage Drilling Company.… Continue Reading