Growing Foreign Prosecutions Under FCPA-Style Laws
August 4, 2011, 1:11 PM EDT
Law360, New York (August 4, 2011, 1:11 PM EDT) -- International coordination in anti-foreign-bribery law enforcement has been the topic of much recent discussion. Companies are paying attention because of the growing enforcement trend resulting in high fines. For example, Siemens is paying about $2 billion in fines, disgorgement, and investigation costs as the result of a joint American-German investigation.
As important and often neglected, however, is knowing the substantive laws and enforcement trends in foreign countries like China, Australia and South Korea, so companies can review their in-country compliance programs and amend them to satisfy...