2023 FCPA & Anti-Bribery Alert
What’s in this report from Hughes Hubbard & Reed:
Hughes Hubbard & Reed’s experts provide analysis of the top trends and developments in the anti-bribery space, as well as an encyclopedic view of the past year’s enforcement actions and policy updates related to the FCPA and anti-bribery developments in China, France, Brazil, the UK and at multi-national development banks.
Among the top 10 most important global cases, trends and enforcement actions that impacted anti-corruption law, multinational corporations and individuals over the past year, the report includes a comprehensive analysis of Ericsson’s guilty plea regarding breaches of its 2019 deferred prosecution agreement; ABB’s “truly extraordinary cooperation” when confronted with its third FCPA enforcement action; and the DOJ’s new M&A safe harbor policy, compensation clawback pilot program and emphasis on prosecuting corporate crime with national security implications.
“This year, there are several examples of the upside to heightened vigilance, swift remediation and proactive cooperation with investigators,” report co-author Laura N. Perkins said. “New policies and recent policy revisions reinforce incentives for ethical behavior and prompt reporting. Corporations that heed DOJ’s advice can earn dividends in the form of declination, significant credit and avoidance of monitorships.”
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