ANTICORRUPTION DEVELOPMENTS –
Keppel Offshore Reaches Deal with DOJ and Guilty Plea by Counsel Unsealed –
On December 22, 2017, Keppel Offshore & Marine Ltd. (KOM), a Singapore based company that operates shipyards...more
1/2/2018
/ Anti-Bribery ,
Anti-Corruption ,
Bitcoin ,
Bribery ,
Bureau of Industry and Security (BIS) ,
Colombia ,
Corruption ,
Cuba ,
Department of Justice (DOJ) ,
Digital Securities ,
Economic Sanctions ,
Ecuador ,
Enforcement Actions ,
Executive Orders ,
Export Controls ,
Foreign Corrupt Practices Act (FCPA) ,
France ,
Fraud ,
Guilty Pleas ,
Human Rights ,
Iran Sanctions ,
Magnitsky Act ,
National Security ,
Odebrecht ,
Office of Foreign Assets Control (OFAC) ,
Peru ,
Power Infrastructure ,
Securities and Exchange Commission (SEC) ,
SFO ,
Suspensions & Debarments ,
Trump Administration ,
UK ,
US Department of State ,
Whistleblowers ,
World Bank
ANTICORRUPTION DEVELOPMENTS –
SBM Offshore N.V. Agrees to Pay $238 Million to Resolve DOJ FCPA Enforcement Action -
On November 29, 2017, SBM Offshore N.V. (SBM), a Netherlands based company specializing in the...more
12/1/2017
/ Anti-Bribery ,
Anti-Corruption ,
Argentina ,
Blocked Entities ,
Bribery ,
CAATSA ,
Corruption ,
Credit Cards ,
Cuba ,
Customs and Border Protection ,
Decertification ,
Department of Justice (DOJ) ,
Department of the Interior ,
Economic Sanctions ,
Enforcement Actions ,
EU ,
Executive Orders ,
Export Controls ,
Exports ,
Extraction Payment Disclosure Rule ,
Extractive Industry Transparency Rule ,
FinCEN ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Investment ,
Iran Sanctions ,
Jones Act ,
National Security ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
Presidential Memorandum ,
Proposed Legislation ,
Russia ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
SFO ,
Trump Administration ,
UK ,
Ukraine ,
Venezuela ,
World Bank
• The House and Senate proposed companion bills that would expand the scope of CFIUS review by broadening the definition of covered transactions to include certain minority investments and joint ventures, among other...more
11/13/2017
/ CFIUS ,
Covered Transactions ,
Declaration ,
Filing Fees ,
Foreign Investment ,
Inbound Investments ,
Joint Venture ,
National Security ,
Proposed Legislation ,
Reporting Requirements ,
Time Extensions ,
Trump Administration
ANTICORRUPTION DEVELOPMENTS –
Global Compliance Overhaul for SAP as DOJ and SEC Investigate Payments Allegedly Related to South African Government Contracts –
On October 26, 2017, German software company SAP SE...more
11/2/2017
/ Anti-Corruption ,
Bribery ,
Bureau of Industry and Security (BIS) ,
Civil Liability ,
Comment Period ,
Conspiracies ,
Construction Industry ,
Cybersecurity ,
Declination ,
Department of Justice (DOJ) ,
Due Diligence ,
Economic Sanctions ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Final Rules ,
Financial Institutions ,
FinCEN ,
Fines ,
Foreign Corrupt Practices Act (FCPA) ,
Germany ,
Imports ,
Indictments ,
International Emergency Economic Powers Act (IEEPA) ,
Iran Sanctions ,
Latin America ,
Money Laundering ,
New Guidance ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
Public Comment ,
Reporting Requirements ,
Russia ,
SAP SE ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
South Africa ,
South Korea ,
Sudan ,
Suspensions & Debarments ,
Syria ,
Travel Act ,
Trump Administration ,
UK ,
Venezuela ,
Whistleblowers ,
World Bank
ANTICORRUPTION DEVELOPMENTS -
Alere Inc. Agrees to Pay More Than $13 Million to Resolve SEC FCPA Enforcement Action -
On September 28, 2017, Alere Inc. (“Alere”), a Massachusetts based manufacturer of medical diagnostic...more
10/10/2017
/ Anti-Corruption ,
Bribery ,
CFIUS ,
China ,
Consent Agreements ,
Corruption ,
Criminal Conspiracy ,
Criminal Convictions ,
Customs and Border Protection ,
De Minimus Quantity Exemption ,
Department of Justice (DOJ) ,
Directorate of Defense Trade Controls (DDTC) ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
Exports ,
False Claims Act (FCA) ,
Foreign Corrupt Practices Act (FCPA) ,
International Emergency Economic Powers Act (IEEPA) ,
Iran ,
ITAR ,
NCAA ,
North Korea ,
Regulatory Burden ,
Retailers ,
Securities and Exchange Commission (SEC) ,
Semiconductors ,
Suspensions & Debarments ,
Trump Administration ,
U.S. Customs ,
UK ,
Whistleblowers
ANTICORRUPTION DEVELOPMENTS -
Alere Inc. Agrees to Pay More Than $13 Million to Resolve SEC FCPA Enforcement Action -
On September 28, 2017, Alere Inc. (“Alere”), a Massachusetts based manufacturer of medical diagnostic...more
10/10/2017
/ Anti-Corruption ,
Bribery ,
CFIUS ,
China ,
Consent Agreements ,
Corruption ,
Criminal Conspiracy ,
Criminal Convictions ,
Customs and Border Protection ,
De Minimus Quantity Exemption ,
Department of Justice (DOJ) ,
Directorate of Defense Trade Controls (DDTC) ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
Exports ,
False Claims Act (FCA) ,
Foreign Corrupt Practices Act (FCPA) ,
International Emergency Economic Powers Act (IEEPA) ,
Iran ,
ITAR ,
NCAA ,
North Korea ,
Regulatory Burden ,
Retailers ,
Securities and Exchange Commission (SEC) ,
Semiconductors ,
Suspensions & Debarments ,
Trump Administration ,
U.S. Customs ,
UK ,
Whistleblowers
ANTICORRUPTION DEVELOPMENTS -
Alere Inc. Agrees to Pay More Than $13 Million to Resolve SEC FCPA Enforcement Action -
On September 28, 2017, Alere Inc. (“Alere”), a Massachusetts based manufacturer of medical...more
10/4/2017
/ Anti-Corruption ,
Bribery ,
CFIUS ,
China ,
Consent Agreements ,
Corruption ,
Criminal Conspiracy ,
Criminal Convictions ,
Customs and Border Protection ,
De Minimus Quantity Exemption ,
Department of Justice (DOJ) ,
Directorate of Defense Trade Controls (DDTC) ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
Exports ,
False Claims Act (FCA) ,
Foreign Corrupt Practices Act (FCPA) ,
International Emergency Economic Powers Act (IEEPA) ,
Iran ,
ITAR ,
NCAA ,
North Korea ,
Regulatory Burden ,
Retailers ,
Securities and Exchange Commission (SEC) ,
Semiconductors ,
Suspensions & Debarments ,
Trump Administration ,
U.S. Customs ,
UK ,
Whistleblowers
On September 19, 2017, the Committee on Foreign Investment in the United States (CFIUS or the “Committee”) released its annual report (“Report”) to Congress. One day later, CFIUS also released more limited data on foreign...more
9/27/2017
/ Acquisitions ,
Annual Reports ,
CFIUS ,
China ,
Corporate Counsel ,
Covered Transactions ,
Critical Infrastructure Sectors ,
Foreign Investment ,
Legislative Amendments ,
Mergers ,
Mitigation ,
National Security ,
Obama Administration ,
Trump Administration
• President Trump issued an order prohibiting the proposed $1.3 billion takeover of Lattice Semiconductor Corporation, a U.S. company, by Canyon Bridge Capital Partners, Inc., a private equity firm funded by Chinese...more
ANTICORRUPTION DEVELOPMENTS -
MTS Receives DOJ and SEC Declination Letters Concluding FCPA Investigations -
On August 7, 2017, MTS Systems (MTS), a Minnesota based maker of test systems and industrial position...more
9/2/2017
/ Africa ,
Anti-Corruption ,
Appeals ,
China ,
Civil Liability ,
Compelled Testimony ,
Department of Justice (DOJ) ,
Due Diligence ,
Enforcement Actions ,
Executive Orders ,
Exports ,
Financial Conduct Authority (FCA) ,
Foreign Corrupt Practices Act (FCPA) ,
Freight Forwarding ,
Guilty Pleas ,
Hong Kong ,
IPSA ,
Iran Sanctions ,
Libor ,
New Legislation ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
Payment Processors ,
Russia ,
Sanction Violations ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Singapore ,
South Africa ,
Trump Administration ,
Venezuela ,
Whistleblowers
On August 25, 2017, President Trump issued an Executive Order (EO) imposing economic sanctions related to Venezuela. The new measures prohibit U.S. persons from engaging in certain debt-, equity-, and securities-related...more
8/31/2017
/ Agricultural Sector ,
Blocked Person ,
Bonds ,
Citgo ,
Debt-Equity ,
Dividends ,
Economic Sanctions ,
Executive Orders ,
General Licenses ,
Medical Devices ,
Office of Foreign Assets Control (OFAC) ,
Patented Medicines ,
SDN List ,
Securities Transactions ,
Trump Administration ,
Venezuela
ANTICORRUPTION DEVELOPMENTS -
Linde Group Receives DOJ Declination Pursuant to FCPA Pilot Program -
On June 16, 2017, German based chemical and gas company Linde Group’s American affiliates, Linde North America Inc....more
7/4/2017
/ AIG ,
Anti-Corruption ,
Bribery ,
Civil Monetary Penalty ,
Compliance ,
Corruption ,
Criminal Penalties ,
Cuba ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Disgorgement ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
Exports ,
Fédération Internationale de Football Association (FIFA) ,
Fines ,
Foreign Corrupt Practices Act (FCPA) ,
Guilty Pleas ,
Iran Sanctions ,
Kokesh v SEC ,
Office of Foreign Assets Control (OFAC) ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Statute of Limitations ,
Theft ,
Trade Secrets ,
Trump Administration ,
White Collar Crimes
ANTICORRUPTION DEVELOPMENTS -
Steven Peikin Reported to Become Co-Director of SEC’s Enforcement Division -
On May 26, 2017, The Wall Street Journal reported that recently confirmed Commissioner Jay Clayton will hire...more
6/12/2017
/ Anti-Corruption ,
Bribery ,
Criminal Prosecution ,
Czech Republic ,
Defense Contracts ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Espionage ,
Export Controls ,
Financial Conduct Authority (FCA) ,
General-Business ,
Guilty Pleas ,
International Trade ,
Money Laundering ,
NAFTA ,
Office of Foreign Assets Control (OFAC) ,
Presidential Appointments ,
Public Comment ,
Sanction Violations ,
Securities ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
Singapore ,
Suspensions & Debarments ,
Trump Administration ,
UK ,
Whistleblowers ,
White Collar Crimes ,
World Bank
ANTICORRUPTION DEVELOPMENTS -
Steven Peikin Reported to Become Co-Director of SEC’s Enforcement Division -
On May 26, 2017, The Wall Street Journal reported that recently confirmed Commissioner Jay Clayton will hire...more
6/12/2017
/ Anti-Corruption ,
Bribery ,
Criminal Prosecution ,
Czech Republic ,
Defense Contracts ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Espionage ,
Export Controls ,
Financial Conduct Authority (FCA) ,
General-Business ,
Guilty Pleas ,
International Trade ,
Money Laundering ,
NAFTA ,
Office of Foreign Assets Control (OFAC) ,
Presidential Appointments ,
Public Comment ,
Sanction Violations ,
Securities ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
Singapore ,
Suspensions & Debarments ,
Trump Administration ,
UK ,
Whistleblowers ,
White Collar Crimes ,
World Bank
ANTICORRUPTION DEVELOPMENTS -
Steven Peikin Reported to Become Co-Director of SEC’s Enforcement Division -
On May 26, 2017, The Wall Street Journal reported that recently confirmed Commissioner Jay Clayton will...more
6/1/2017
/ Anti-Corruption ,
Bribery ,
Criminal Prosecution ,
Czech Republic ,
Defense Contracts ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Espionage ,
Export Controls ,
Financial Conduct Authority (FCA) ,
Guilty Pleas ,
Money Laundering ,
NAFTA ,
Office of Foreign Assets Control (OFAC) ,
Presidential Appointments ,
Public Comment ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
Singapore ,
Suspensions & Debarments ,
Trump Administration ,
UK ,
Whistleblowers ,
White Collar Crimes ,
World Bank
ANTICORRUPTION DEVELOPMENTS –
Former Magyar Telekom Executives Settle Bribery Charges –
On April 24, 2017, the Securities and Exchange Commission (SEC) announced that two former executives of Magyar Telekom, a...more
5/2/2017
/ Administrative Resignation ,
Bribery ,
Criminal Convictions ,
Customs and Border Protection ,
Department of Justice (DOJ) ,
Disgorgement ,
Enforcement Actions ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Exports ,
Foreign Corrupt Practices Act (FCPA) ,
Guilty Pleas ,
Illegal Activity ,
Jones Act ,
Kokesh v SEC ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Penalties ,
Red Notices ,
Sanction Violations ,
SCOTUS ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Settlement ,
Statute of Limitations ,
Steel Industry ,
Suspensions & Debarments ,
Trade Deficit ,
Trade Expansion Act of 1962 ,
Trump Administration
Anticorruption Developments -
SEC Chairman Nominee Jay Clayton Receives Confirmation Hearing -
On March 23, 2017, SEC Chairman Nominee Jay Clayton testified before the Senate Banking Committee at his confirmation...more
4/4/2017
/ Anti-Retaliation Provisions ,
Arrest ,
Bribery ,
CFIUS ,
China ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
Exports ,
Federal Pilot Programs ,
FinCEN ,
Foreign Corrupt Practices Act (FCPA) ,
Investors ,
Iran Sanctions ,
Office of Foreign Assets Control (OFAC) ,
Petrobras ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
Senate Confirmation Hearings ,
Sentencing ,
Split of Authority ,
Telecommunications ,
Trump Administration ,
Ukraine ,
Whistleblowers
Acting SEC Chief Limits Subpoena Authority to Enforcement Division Acting Director -
On February 15, 2017,The Wall Street Journal reported that the acting Chair of the Securities and Exchange Commission (SEC), Michael...more
3/2/2017
/ Anti-Corruption ,
Civil Monetary Penalty ,
Compliance ,
Conflict Mineral Rules ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
Exports ,
Foreign Corrupt Practices Act (FCPA) ,
Iran Sanctions ,
Office of Foreign Assets Control (OFAC) ,
Rescission ,
Resource Extraction ,
Russia ,
Securities and Exchange Commission (SEC) ,
Trump Administration ,
Whistleblowers
The results of the U.S. presidential election are historic and unanticipated, and they will have significant economic, political, legal and social implications. As we prepare for the Trump presidency, many uncertainties...more
11/17/2016
/ Antitrust Provisions ,
Critical Infrastructure Sectors ,
Cybersecurity ,
Energy Sector ,
Environmental Policies ,
Foreign Policy ,
Health Insurance ,
Immigration Enforcement ,
Tax Reform ,
Trade Policy ,
Trump Administration