In the article “Trends en practices anticorrupción for 2016 la luz de la FCPA” published on January 14 by LexLatin, Eloy Rizzo, member of the KLA, says the trends and the most important aspects of the application of the FCPA, discussed at the conference held at the end 2015 in Washington / DC.
SCS Coproration, Ltd. (SCS), a unit of Houston oil and gas drilling company Hyperdynamics Corporation (“Hyperdynamics”), has filed parallel actions in the Southern District of Texas (4:16-cv-00076) and before the American Arbitration Association against two partners who SCS alleges used an FCPA investigation into Hyperdynamics as a pretext for breaching their joint exploration agreement.
While the Foreign Corrupt Practices Act (“FCPA”) is an extremely complex act, there are two common FCPA violations of which automotive companies with international operations should be particularly sensitive.
Violations of the Foreign Corrupt Practices Act (“FCPA”) can lead to hefty penalties.
The Washington Post reported last week that the DOJ is considering an internal policy that could give some companies a “free pass” if they voluntarily disclose violations of the FCPA, including information regarding culpable employees.
In his keynote address at the ACI 32nd International Conference on the Foreign Corrupt Practices Act in Washington, DC on November 17, 2015, SEC Enforcement Director Andrew Ceresney announced to the in-house compliance officials and corporate defense attorneys in attendance that, going forward, any public company that fails to self-report a potential FCPA violation to the SEC will be ineligible for a deferred prosecution agreement (“DPA”) or a non-prosecution (“NPA”).
Like a needle to a balloon, the Schrems decision has drastically altered the data privacy landscape.
In October 2013, SEC Chairwoman Mary Jo White announced a broken windows enforcement policy to “pursue even the smallest infractions” of U.S. securities laws, including the FCPA, as a means of deterrence.