Alan Kartashkin and Dmitri Nikiforov of Debevoise & Plimpton LLP Discuss the Ins and Outs of Russian Bribery Law
Rebecca Hughes Parker
Russia and Ukraine are rich in business opportunities but rife with business challenges, especially for foreign companies operating there or considering entering those markets. Both countries recently passed anti-bribery laws, thereby adding new layers of complexity to the global patchwork of domestic anti-bribery regimes. In an effort to understand how the new Russian and Ukrainian laws are similar to and different from the FCPA and the U.K Bribery Act, and what companies and compliance professionals should do to navigate the new laws, The FCPA Report recently interviewed two prominent partners in Debevoise & Plimpton LLP’s Moscow office, Alan Kartashkin and Dmitri Nikiforov. Specific topics covered in our interview included, among other things, the key differences between the FCPA, the U.K. Bribery Act and the new Russian and Ukrainian laws; how Russia or Ukraine can obtain jurisdiction over an American company; how Russian and Ukrainian enforcement agencies operate; key steps companies should take when entering the Russian and Ukrainian markets; data privacy laws in Russia and Ukraine; the implications of the Novo Nordisk case; and the future of Russian anti-corruption enforcement under the leadership of Vladimir Putin.