Maintaining a Relationship with a Foreign Business Partner under the FCPA after the Contract is Signed

Contributor: Thomas Fox

SUMMARY: In this posting, we discuss the steps a US company must follow to implement a procedure to monitor the actions of a Foreign Business Partner going forward. Managing the risk of a relationship with a foreign business partner is one of the most critical aspects of a FCPA compliance program. The documented risk for the potential violation of the FCPA by a foreign business partner to a US company is quite high. To engage a foreign business partner, in a manner that properly assesses and manages the risk to, and for, a US company, requires a committee of time, money and substantial effort. However, with a compliance based risk management procedure in place, the risk can be properly managed and a foreign business relationship can be successful for all parties.

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DOCUMENT INFO

Doc Type:
Legal Article/Newsletter

Published: 3/10/2010

Legal Article/Newsletter Name:
Maintaining a Relationship with a Foreign Business Partner under the FCPA after the Contract is Signed

Legal System: United States

Subject Matter:
International Law & Trade
Mergers & Acquisitions
Commercial Law & Contracts
Securities Law