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Foreign Subsidiaries Being Prosecuted in the U.S. for Bribes Overseas as 'Agents'
Attorneys Laurence A. Urgenson and Audrey L. Harris write that he 1998 amendments expanding jurisdiction of the Foreign Corrupt Practices Act were just the start of what catapulted the law to the forefront of today's business risks. Foreign subsidiaries of U.S. companies not otherwise subject to the FCPA are now being indicted as "agents," and U.S. issuers are assenting to a legally questionable charge against such subsidiaries rather than facing the significant risks of challenging the charges.At Last, United Airlines Exits Chapter 11
The parent of United Airlines Inc. finally left bankruptcy Wednesday, more than three years after filing in Illinois bankruptcy court. However, analysts warn that the carrier will face considerable turbulence charting a post-Chapter 11 course. While in bankruptcy, the company cut one-quarter of its workers, shed its pensions, trimmed more than $10 billion worth in debt and slashed annual costs by more than $7 billion.Romney's lawyer Brad Malt is longtime friend and trustee
Ask Ropes & Gray chairman R. Bradford Malt when he first thought that W. Mitt Romney could be president of the United States, and Malt will say that that impression was formed at one of their early meetings, 22 years ago.The Legal Times Awards: Champions & Visionaries
In this fifth annual special section, we honor Washington lawyers in two categories: Champions, those who have upheld the profession's core values through public service, pro bono efforts and advocacy for civil liberties, and Visionaries, attorneys whose business or legal acumen has expanded their firms, improved government or advanced the law.Mayer Brown in Crosshairs for Legal Work on Refco
Joseph Collins, Refco's principal outside lawyer for more than 10 years, was the fifth person charged with Refco crimes, but the only one who wasn't a company insider. Charged with securities fraud, bank fraud and related charges, he faces a sentence of up to 30 years if found guilty. In a decade that's seen waves of corporate scandals -- Enron, WorldCom, Tyco, Adelphia and Global Crossing -- Collins stands alone as the only outside lawyer to be indicted. Why him?Creating a Culture of Compliance
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