Over the past several years, DOJ and SEC’s intentional and concerted effort to cultivate international relationships and share substantial portions of large fines and disgorgement amounts with their foreign counterparts have paid dividends. In a guest article, Vinson & Elkins partner Ephraim (Fry) Wernick and associate Pete Thomas explain what is behind the dramatic rise in coordinated prosecutions between the United States and foreign authorities and what this means for multinational companies with business operations around the world. See “DOJ’s 2019 Enforcement Activities Demonstrate a Continued Commitment to FCPA Enforcement” (Aug. 7, 2019).