How important are ‘represent, covenant, and warrant’ in anti-corruption clauses?
These verbs appear in anti-corruption compliance clauses with great regularity, but what do they mean, and are they really necessary?… Continue Reading
These verbs appear in anti-corruption compliance clauses with great regularity, but what do they mean, and are they really necessary?… Continue Reading
Many of the recent posts on the FCPA Blog have dealt with various aspects of Covid-19: our very personal health concerns, enhanced bribery risks, enforcement, and the possible impact on the operation of compliance systems and compliance organizations in times of travel bans and budget constraints in many industries.… Continue Reading
As governments cope with massive disruption to every aspect of life, businesses are struggling to maintain solvency, putting pressure on their remaining workforces and suppliers. Tensions are rising in numerous countries.… Continue Reading
TRACE recently published its annual Global Enforcement Report, which collects summary data regarding the state of transnational anti-bribery investigations and enforcement actions around the world. One of the standout facts in the report is that the number of companies subject to enforcement actions in 2019 was notably lower than in 2018—a 19 percent drop in U.S.… Continue Reading
The new Hogan Lovells’ Steering the Course II report examines the approaches, concerns, and regional differences of multinational corporations across the globe as they tackle anti-bribery and corruption risk by surveying 700 chief compliance officers, heads of legal, or equivalent.… Continue Reading
For companies that are serious about being proactive and that see compliance as a competitive advantage rather than a box-ticking exercise, we believe several lessons can be drawn from our background in helping organizations see around unexpected corners — whether those be geopolitical in nature, compliance related or high-stakes security and risk.… Continue Reading
The UK’s Financial Conduct Authority (FCA) fined Besso Limited £315,000 ($520,000) for its failure to take reasonable care to establish and maintain effective systems designed to prevent and detect bribery and corruption risks.… Continue Reading