The Foreign Corrupt Practices Act (FCPA) Spring Update
Stamping out foreign bribery is a Justice Department priority, and we are determined to continue our vigorous enforcement of the Foreign Corrupt Practices Act. Full Story
FCPA
Monthly China Anti-Bribery Update Report— April 2013
The most recent FCPA and anticorruption enforcement developments involving the People’s Republic of China (PRC) are summarized below. As always, thanks go to Squire Sanders’ Shanghai Office for monitoring these developments. Full Story
Ralph Lauren Escapes FCPA Problems with Minimized Damage
Often, enforcement officials at the SEC and the Justice Department express their wish that securities law violators own up to their (mis)conduct as soon it comes to light. Full Story
Supreme Court Ruling Limits Extraterritorial Application of Alien Tort Statute
U.S. companies with, or that were seeking to acquire, foreign operations often fretted over the possibility that plaintiffs in the foreign jurisdiction would seek to invoke the Alien Tort Statute (“ATS”), 28 U.S.C. § 1350, and commence actions in the U.S. in an attempt to seek redress for egregious conduct (violations of the “laws of nations”) committed by the foreign subsidiary or affiliated companies. Full Story
Extractive Industry Continues to Be a Focus of Anticorruption Enforcement
Companies and practitioners alike can keep the mining, drilling and extractive industry on the hot list for bribery and corruption enforcement. Full Story
FCPA Enforcement Action Against China-Based Company and Lessons for the Device Industry
The first Foreign Corrupt Practices Act (“FCPA”) enforcement action of the year, which also appears to be the first FCPA-related enforcement action against a China-based company, underscores key areas that are likely to raise corruption issues in markets such as China. Full Story
Focus On Health Care Firms in FCPA Investigations
I am seeing a lot of interest from health care clients regarding the Foreign Corrupt Practices Act (FCPA). I usually stay away from this topic because so many others cover it in detail. Full Story
Government Issues New FCPA Guidance: $12,000 Birthday Party Not the Way to Go
Employers concerned about their organizations’ FCPA compliance have a new, free resource available to them. Full Story
Zimmer Holdings Announces Declinations from DOJ, SEC for FCPA Investigations
Medical device maker Zimmer Holdings Inc. recently announced that it had received letters of declination from the US Department of Justice (“DOJ”) and US Securities and Exchange Commission (“SEC”) after a five-year investigation into the company’s marketing and sales practices outside of the United States. Full Story
Line in the Sand: Siemens Argentina Case Limits Personal Jurisdiction Under the FCPA
A New York federal district court judge has dismissed a Foreign Corrupt Practices Act (“FCPA”) claim against a former executive of Siemens, S.A. Argentina and Siemens Transportation Systems for lack of personal jurisdiction. Full Story
