DOJ and SEC issue long anticipated FCPA guidance - “Resource Guide” Sheds Some Light, but Gray Areas Remain *

USA - November 15 2012
At long last, the United States Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) released their guidance on Foreign Corrupt Practices Act (“FCPA”) compliance and enforcement issues.

Co-authors: Paul T. Friedman, Ruti Smithline.

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Cooperating and showing hardship yields “discounted” $2 million penalty for FCPA violations *

USA - July 20 2012
On July 17, the U.S. Department of Justice (“DOJ”) announced that Nordam Group, Inc., a privately held Oklahoma-based aircraft repair company, admitted that a subsidiary and an affiliate, with the approval of Nordam employees, violated the Foreign Corrupt Practices Act (“FCPA”) by bribing employees of state-owned or -controlled airlines in China.

Co-authors: Nicholas Roethlisberger.

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Top enforcement officials meet with U.S. Chamber of Commerce regarding FCPA guidance *

USA - April 13 2012
The United States Department of Justice and the Securities and Exchange Commission are preparing guidance regarding the Foreign Corrupt Practices Act, but have not set a deadline for releasing that guidance.

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2011 ends with over $100 million in penalties and disgorgements for FCPA violations at insurance company and telecom company *

USA - January 5 2012
Last year ended with a bang on the FCPA front, with the announcement of two large settlements.

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Telecom executive sentenced to 4 years in prison for violations of the Foreign Corrupt Practices Act *

Honduras, USA - September 13 2011
Last Wednesday, a United States District Court judge in the Southern District of Florida sentenced the former CEO of Latin Node, a now-defunct Florida-based telecommunication company, to 46 months in prison for paying bribes to Honduran government officials.

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