The blogs spoke loudly in an article by Leslie Wayne in the New York Times that recently highlighted FCPA enforcement against foreign companies.
Taking a page from our top ten list, Wayne said:
… Continue Reading
The companies that have reached the biggest settlements under the law, known as the Foreign Corrupt Practices Act, include Siemens, the German engineering giant; Daimler, the maker of Mercedes-Benz vehicles; Alcatel-Lucent, the French telecommunications company; and the JGC Corporation, a Japanese consulting company.
In December last year, the DOJ and SEC charged eight former executives and agents from Siemens with bribing government officials in Argentina.
‘Over the course of the bribery scheme,’ the SEC said, ‘over $100 million in bribes were paid.’… Continue Reading
One of the most fundamentally (and frequently) misunderstood aspects of the FAR 9.4 suspension & debarment (S&D) regime is that S&D are only to be used for the purpose of protecting the Government, not to punish contractors for their past misconduct.… Continue Reading
Qi Chen, a student from the Chicago-Kent Law School, has updated some important numbers we first reported about two years ago.
Then and now he analyzed how many corporate enforcement actions since 2005 didn’t involve criminal or civil charges against any employees from the company.… Continue Reading
The Greek Ministry of Finance said Siemens will pay €270 million ($336 million) to resolve a bribery scandal dating back to the 1990s.