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Entries in Kazakhstan (84)

Tuesday
Mar072017

The BOTA Foundation Revisited -- Part Three: Why was BOTA So Successful?

As noted in my previous post, BOTA has been cited by several major newspapers in recent months as the most successful example that the United States has for accountable, transparent and effective return of recovered corruption assets, and in its final report on the foundation, the World Bank called BOTA “a remarkable achievement.”  

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Monday
Feb272017

The BOTA Foundation Revisited -- Part Two: BOTA – A Quick Recap

The agreement to start the Foundation emerged in 2007 after more than two years of discussion between the Governments of the United States, Switzerland and Kazakhstan (known as “the Parties”) about the disposition of $84 million, plus interest, that had been frozen in a Swiss account since 1999. 

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Tuesday
Jan172017

DOJ charges Rolls-Royce with FCPA conspiracy

Rolls-Royce plc agreed to pay the United States a criminal penalty of $170 million under a deferred prosecution agreement after being charged with a long-running global conspiracy to violate the Foreign Corrupt Practices Act.

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Monday
May022016

KBR cooperating with DOJ investigation of Unaoil

Image courtesy of KBROil and gas services firm KBR said in its quarterly report Friday that the DOJ has contacted the company in connection with an investigation of Unaoil. 

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Tuesday
Apr192016

Petrofac investigates bribery allegations

Image courtesy of PetrofacUK oil services firm Petrofac PLC said it launched an investigation into allegations of bribery to win contracts Kazakhstan and the Middle East.

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Thursday
Mar312016

Alex Nisengolts: I'm bullish on Kazakhstan, with caveats 

In previous posts I discussed Kazakhstan’s successes and failures in improving its business climate and provided tips to potential U.S. investors about doing business in Kazakhstan in an FCPA-compliant manner.

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Monday
Mar212016

Corrupt officials are like muggers. They look for weak victims

In two prior posts (here and here), I’ve talked about how American companies can do FCPA-compliant business in Kazakhstan and other emerging markets. In this post, I’d like to provide a few more practical tips.

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Thursday
Mar172016

Here's a plan for managing corruption risks in emerging markets

In prior posts I noted both Kazakhstan’s successes and failures in improving its business environment and examined the possible reasons for Kazakhstan’s contradictory performance. I also provided tips for American companies contemplating potential investments in Kazakhstan or other emerging markets.

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Wednesday
Feb172016

Yes, Kazakhstan is a compliance challenge. But it’s doable

I've talked about the challenges of doing business in Kazakhstan because of its high levels of corruption and rapidly changing legal environment. In this post, I'd like to provide some tips to American companies contemplating potential investments in Kazakhstan or other emerging markets.

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Tuesday
Feb092016

Kazakhstan: Dreams of progress, but reality comes knocking

I've described the significant progress Kazakhstan made in improving its international standing for economic attractiveness and the recognition that it received from the U.S. government for its reform.

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Thursday
Jan212016

U.S. State Department: Kazakhstan's investment environment is subpar

In the prior post I looked at the significant progress Kazakhstan has made in improving its economic attractiveness and the recognition that it received from the U.S. government for its reform. But I also noted its low rank of 126 on Transparency International’s Corruption Perceptions Index.

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Thursday
Jan142016

Alex Nisengolts: Corruption hinders Kazakhstan reforms

After reading my earlier posts about privatization opportunities in Kazakhstan and the deterrent effect of the FCPA on American investment in that country, and Kazakh listings in the U.S., a reader asked whether it is difficult to do business in Kazakhstan in an FCPA-compliant manner. Unfortunately, I have to say, yes, sometimes."

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