So what are Red Flags and where do they appear? What level of due diligence does your company require for an entity based in the United States? How often during the pendency of a transaction or business relationship should your company update its due diligence? These questions and others were brought up in a recent article in the Wall Street Journal (WSJ) about a civil-racketeering lawsuit by the government of Ukraine against Olden Group, an Oregon based company. In the June 13, 2011 edition of the WSJ was an article by Dionne Searcy entitled, “Court Order US Firm to Pay Ukraine”. The article details a lawsuit which stemmed from an investigation, ordered by the President of the Ukraine, into medical supplies purchased by the government administration which preceded the most current administration.
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