Private fund managers are looking with increasing receptivity at emerging markets, and, in some cases, frontier markets where corruption risk is significant. This has not gone unnoticed by the FCPA units in the SEC and DOJ, which have been focusing on bribery in the financial services industry. See “Why the Direct Access Partners Case Matters for Financial Sector Anti-Corruption Compliance
” (Oct. 23, 2013). The Anti-Corruption Report recently interviewed Justin V. Shur
, a former federal prosecutor and now a partner at Molo Lamken LLP, about the enforcement climate, the risks the industry faces and strategies for compliance. The interview covered, among other things: the relationship between investment control and FCPA risk; contract provisions to limit the FCPA risk raised by third parties; issues presented by deal finders and sovereign wealth funds; hiring risks and best practices; facilitation payments; and successor liability. Shur will expand on these ideas at a complimentary event (invitation here)
at 5 p.m. on June 3 at the CORE: Club in Manhattan. The event is sponsored by Molo Lamken, the Anti-Corruption Report and our affiliated publication, the Hedge Fund Law Report. In addition to Shur, the event will feature his partner Andrew DeVooght, panelists from Indus Capital, Seward & Kissel, Global Environment Fund and the SEC. A cocktail reception will follow.