How To Avoid The FCPA Hook For 3rd-Party Misconduct
March 9, 2011, 11:12 AM EST
Law360, New York (March 9, 2011, 11:12 AM EST) -- 2010 was nothing short of a breakout year for the reinvigorated criminal and regulatory enforcers of the Foreign Corrupt Practices Act. And the government’s ever intensifying FCPA enforcement efforts aimed at "direct" company bribery or books and records misconduct understandably have been the topic du jour in many U.S. boardrooms.
What often appears to be missing from discussions, however, is a realization that in the majority of recent FCPA cases, liability attaches indirectly through the misconduct of foreign third parties, such as a company’s agents, intermediaries,...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.