Kicking the tyres - how to avoid falling foul of US anti-corruption laws
Corporate buyers beware. That's the advice of Billy Jacobson, co-general counsel at Weatherford International. When a US company is planning to acquire an overseas business, it should do a thorough check for evidence of corruption, he says. If the deal goes through and prosecutors later find violations of the Foreign Corrupt Practices Act (FCPA), the acquirer could be hit with criminal charges, as well as face multimillion-dollar penalties.
Sue Reisinger speaks to a senior GC to find out how to vet foreign acquisitions to avoid falling foul of US anti-corruption legislation
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