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O’Melveny’s Olson Quoted in Securities Litigation Daily on Challenges of Doing Business InternationallyOctober 24, 2013
In a Securities Litigation Daily article, O’Melveny partner Steve Olson discussed a current case in which a public company was fined by the SEC and DOJ for FCPA-related issues. Olson told the publication that the case highlighted two challenges for companies doing businesses internationally. Specifically related to doing business in China, Olson pointed out to the reporter that the first potential pitfall is “that many companies in China are state-owned and their employees can fall under definition of ‘foreign official.’” Another challenge comes with justifying company expenses as reasonable for business purposes, as “these cases are almost always not black and white,” Olson noted in the article.
Olson is a member of O’Melveny’s White Collar Defense and Corporate Investigations Practice and the Business Trial and Litigation Practice. He resides in the Firm’s Los Angeles office.