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The Foreign Corrupt Practices Act (FCPA) is a critically important
statute for combating corruption around the globe. Corruption has
corrosive effects on democratic institutions, undermining public
accountability and diverting public resources from important
priorities such as health, education, and infrastructure. When
business is won or lost based on how much a company is willing to
pay in bribes rather than on the quality of its products and
services, law-abiding companies are placed at a competitive
disadvantage, and consumers lose. This book addresses a wide
variety of topics, including who and what is covered by the FCPA's
anti-bribery and accounting provisions; the definition of a
"foreign official", what constitutes proper and improper gifts;
travel and entertainment expenses; the nature of facilitating
payments; how successor liability applies in the mergers and
acquisitions context; the hallmarks of an effective corporate
compliance program; and the different types of civil and criminal
resolutions available in the FCPA context.
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