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O'Melveny to Host Seminar on the Entertainment Industry and the Foreign Corrupt Practices Act

October 20, 2009

On October 20, O'Melveny will host a panel discussion on "The Entertainment Industry and the Foreign Corrupt Practices Act," featuring partners Jeremy Maltby and Daniel Shallman. They will be joined by Sheldon Presser of Warner Bros.; Bruce Searby, an Assistant United States Attorney in the U.S. Attorney’s Office for the Central District of California; and Jonathan Lopez, a Senior Trial Attorney in the Fraud Section, Criminal Division, of the Department of Justice. The presentation will take place in O'Melveny's Century City office at 5:00 pm, with registration beginning at 4:30 pm. 

U.S. companies that do business outside the United States face increasing risks under the Foreign Corrupt Practices Act (FCPA). The Entertainment Industry is not immune from such problems. Companies involved in filming, financing, or other activities outside the United States may encounter corruption in a variety of situations, thereby exposing them to potential violations under the FCPA. Such situations may include obtaining visas, permits, and locations for filming; shipping equipment overseas; hiring temporary employees on location; entering into co-production agreements with non-U.S. production companies; obtaining foreign financing; and acquiring production rights.

The panelists will discuss DOJ and SEC actions affecting the film industry; how companies in the entertainment industry are at particular risk, and how these risks might be minimized; and how company leadership can raise awareness about their anti-corruption programs and policies and subject their internal controls to rigorous testing.

Program materials for this panel will include O'Melveny's recently published Sixth Edition FCPA Handbook. Over 100 pages in length, the Handbook contains background on the law and practical suggestions regarding compliance, disclosure, internal investigations, M&A due diligence, and selection of agents.

If you would like to attend, please RSVP to Mary Stahl at mstahl@omm.com.