LexisNexis® Legal Newsroom
Management of Foreign Business Partners Under the FCPA through an Oversight Committee

Excerpt: A key tool in the process of managing Foreign Business Partners under the Foreign Corrupt Practices Act (FCPA) is an Oversight Committee. An Oversight Committee can be utilized throughout the entire process of (1) evaluating the need for a Foreign Business Partner; (2) evaluating the information...

Foreign Business Representatives: Some Red Flags to Review

Most Foreign Corrupt Practices Act (FCPA) Practitioners are aware that the greater the contacts with a foreign governmental official and the greater amount of money involved, the greater the FCPA risk for a company if a third party is involved. This is more particularly so if the foreign business...

The Role of an Oversight Committee in FCPA Compliance

We believe that there are four stages a company needs to traverse in it relationship with a Foreign Business Partner. We define them as (1) Business Justification for a Foreign Business Partner; (2) Background and Due Diligence Investigation of the proposed Foreign Business Partner; (3) Evaluation...

Ride ‘Em Comrade: A Foreign Governmental Entity May Be Coming to Texas

I wrote, somewhat tongue in cheek, a post entitled " Take Me Out to the (FCPA) Ballgame " about an offer to purchase the Los Angeles Dodgers for a cash price of $1.2bn by a group which included "certain state-owned investment institutions of the People's Republic of China"...

Olympus Redux: Lessons Learned for Investigating a Foreign Business Partner

There are times when facts which arise out of non-compliance matters can make excellent learning points for the compliance practitioner. The Olympus matter has become such a staple of teaching opportunities. It initially appeared that the primary lessons learned were (1) Do not pay one or two person...