O'Melveny to Host Seminar on Risks to Multinational Companies Arising from US LawsSeptember 23, 2009
US companies seeking to maintain and expand business internationally increasingly encounter challenges in complying with US laws that reach their overseas activities, including the Foreign Corrupt Practices Act (FCPA) and the “trade control” laws — export controls and economic sanctions. Companies can find themselves the subject of a government investigation as they navigate changing and seemingly ever tightening standards with no reprieve under the new US administration.
The panelists will discuss the extra-territorial reach of the FCPA and US Export Control and Economic Sanctions Laws; areas of high risk; managing risk in mergers and acquisitions, joint ventures, and business partnerships; and dealing with potential violations. They also will share lessons from Halliburton's US$559 million anti-corruption fine, Siemen’s US$1.6 Billion anti-corruption fine, Lloyds TSB’s US$350 million economic sanctions fine, and export control violations that are subject to the recent five-fold increase in maximum civil penalties.
Los Angeles, Newport Beach
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