FCPA Compliance in Non-Controlled Joint Ventures

Transnational joint ventures – especially where the company owns a minority stake and does not control the venture – are fraught with corruption risk because the company is “on the hook” for the actions of the joint venture abroad.  At a recent panel, FCPA experts noted that companies are increasingly aware of this risk and are acting on it.  Mark Mendelsohn, a partner at Paul Weiss, moderated the discussion about joint venture corruption risks and compliance strategies at Practising Law Institute’s Foreign Corrupt Practices Act and International Anti-Corruption Developments 2014 program.  The panel featured James Bamford, a Founder and Managing Director at joint venture advisory firm Water Street Partners; Timothy Dickinson, a partner at Paul Hastings; and Kathryn Cameron Atkinson, a member of Miller & Chevalier.  See also “Strategies for Mitigating the FCPA Risk of Entering Into Joint Ventures,” The FCPA Report, Vol. 2, No. 9 (May 1, 2013).

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