A key vote has occurred in the Brazilian legislature on its anti-corruption bill, the Clean Company Act. And anti-corruption advocates may deem it only a partial success.
Entries in Successor Liability (25)
1. Allegations against Wal-Mart -- Just when the debate about FCPA reform was heating up, the New York Times reported that Wal-Mart may have paid $24 million in bribes to Mexican officials to grow the business. The story showed why the FCPA is important. And it derailed the Chamber of Commerce's campaign to narrow the law and restrict the DOJ's enforcement of it.
In June 2010, a California-based VOiP company called Veraz Networks, Inc. paid $300,000 to settle SEC charges that it violated the FCPA's books and records and internal controls provisions by making illegal payments to foreign officials in China and Vietnam.
Gifts, travel and entertainment, foreign officials, successor liability, and effective compliance programs.
Just over a year after Assistant Attorney General Lanny A. Breuer first announced plans to issue “detailed new guidance on the [FCPA’s] criminal and civil enforcement provisions,” the Department of Justice (“DOJ”) and the U.S. Securities and Exchange Commission (“SEC”) today jointly issued this long-awaited formal guidance entitled A Resource Guide to the U.S. Foreign Corrupt Practices Act (“the Guide”).
The DOJ and SEC today released a 120-page FCPA resource guide.
The DOJ agreed last week to end Pride International's deferred prosecution agreement a year early to reward the company for its enhanced compliance efforts.
Britain's BAE Systems and Europe's EADS are proposing to merge, they said earlier this month, to create a defense giant capable of competing against Boeing or Lockheed Martin.
I’ve tried to map out some unfamiliar ways to think about FCPA reform. See these proposals as you might an old map -- exploratory, perhaps imprecise, still incomplete -- but meant to excite the human spirit.
Tom Fox with a great summary of the biggest FCPA stories from the first half of 2012.