Foreign Corrupt Practices Act and Anti-Corruption Laws in Construction Contracting
Date: Tuesday, November 5, 2013
Format: Live Webinar
Duration: 90 minutes
1:00 PM-2:30 PM Eastern
12:00 PM-1:30 PM Central
11:00 AM-12:30 PM Mountain
10:00 AM-11:30 AM Pacific
There has been recent, stepped-up focus and enforcement of The Foreign Corrupt Practices Act (FCPA) and other anti-bribery and anti-corruption laws. This has created a need to equally step up a construction company’s compliance policies and its efforts to be aware of with whom it is contracting and how it is contracting with others. Construction industry companies that encounter an issue, and find themselves on the other end of an enforcement action, can incur costs exceeding governmental fines; and thus, need to be aware of the dangers and how to handle them in the event of a violation or purported violation.
This seminar will cover the basics of FCPA, The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury, and anti-bribery, anti-money laundering, and anti-corruption policies that a construction company should implement when dealing with a foreign entity or working in a foreign country. It will also provide tips on how these enforcement rules affect your contracting methods and how to protect yourself with appropriate contract clauses.
In Nov. 2009, the OFAC issued its Economic Sanctions Enforcement Guidelines in the Federal Register which provide some insight to the office and its enforcement. More recently, on November 14, 2012, "A Resource Guide to the U.S. Foreign Corrupt Practices Act" was issued as a combined undertaking by DOJ and SEC to provide the public with detailed information about their FCPA enforcement approach and priorities. Both of these will be reviewed and discussed in the seminar, setting the issues into historical context with respect to their enforcement agencies.
Lori Ann Lange, Esq.
Peckar & Abramson, P.C.
J. Kimon Yiasemides, Esq.
Executive Consultant and General Counsel
Warner Construction Consultants, Inc.
Junaid A. Zubairi, Esq.
Shareholder and Chair
Vedder Price, P.C.
Frank E. Riggs (Moderator)
Troutman Sanders LLP
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