31 Days to a More Effective Compliance Program - Compliance terms and conditions in JV agreements

Thomas Fox
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Numerous U.S. companies have come to FCPA grief for their overseas JVs and this continues to be a bane for many companies under the FCPA. There are some basic compliance terms and conditions which should be considered for any foreign JV agreement to help U.S. companies manage these compliance risks.

Three key takeaways:

1. Failure to secure See more +

Numerous U.S. companies have come to FCPA grief for their overseas JVs and this continues to be a bane for many companies under the FCPA. There are some basic compliance terms and conditions which should be considered for any foreign JV agreement to help U.S. companies manage these compliance risks.

Three key takeaways:

1. Failure to secure appropriate compliance terms and conditions in a JV agreement can cause great FCPA risk for a U.S. company.

2. Certifications are important requirements to obtain.

3. Audit rights must be secured and equally importantly, exercised See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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