Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
So much of the buzz about the Foreign Corrupt Practices Act right now concerns investigations of name-brand foreign companies — Siemens, BAE and Panalpina among them. Which makes it natural to ask, how do foreign companies come under the jurisdiction of the FCPA?… Continue Reading
If you love studying the U.S. corporate and personal tax ramifications of the Foreign Corrupt Practices Act — and who doesn’t? — here’s news about something special. It’s an article called “Is This Bribe Deductible?… Continue Reading
It’s too soon to call it a pattern. But there’s something new in Foreign Corrupt Practices Act enforcement. During 2007, the U.S. ramped up two investigations that covered not just individual companies but entire industries.… Continue Reading
By most counts, U.S. authorities are now investigating between 50 and 60 companies for possible violations of the Foreign Corrupt Practices Act. That’s a record number. How many of them will face enforcement actions is anyone’s guess.… Continue Reading
The online edition of Nigeria’s Business Day newspaper carried a story on November 19, 2007 that’s noteworthy. It’s about how corrupt multinationals are undermining the country’s economy. The story can be found here.… Continue Reading
Schlumberger N.V., the world’s biggest oil and gas services company, is among the dozen or more firms in that industry being investigated in connection with Panalpina’s freight-forwarding and customs clearance practices.… Continue Reading
The Importance of Being Cooperative; Are Facilitating Payments Causing More Problems?
Tidewater Inc. is now investigating its compliance with the U.S. Foreign Corrupt Practices Act worldwide, the company said in an October 4, 2007 press release.… Continue Reading
Panalpina’s cooperation with the U.S. Department of Justice appears to be in full swing. For starters, it is exiting the Nigeria logistics and freight forwarding market for all oil and gas services customers, at least a dozen of which have been contacted by the DOJ about Panalpina’s customs clearance practices in Nigeria and other countries.… Continue Reading
February 6, 2007 — The DOJ reports Vetco’s admission that payments to Nigerian Customs Officials violated the FCPA. The DOJ says, “These corrupt payments were paid through a major international freight forwarding and customs clearance company to employees of the Nigerian Customs Service, and coordinated largely through Vetco Gray Controls Inc.’s… Continue Reading
The Houston Chronicle reports that Nabors Industries is conducting an internal investigation in response to a federal investigation into possible violations of the Foreign Corrupt Practices Act. The article says,
… Continue ReadingThe Justice Department is investigating alleged Foreign Corrupt Practices Act violations by oil-service companies that used Panalpina [a Swiss based freight forwarder] and other brokers in Nigeria and other parts of the world, the company said.
