What Sponsors Should Know about FCPA
The past couple of years have brought dramatic changes in the FCPA and global anti-corruption landscape including:
• In 2010 the enforcement of FCPA increased nearly two-fold from the prior record set in 2009
• New laws have been enacted that lower thresholds for liability and punishment (new UK Bribery Act imposes “Strict Liability”)
• Increased enforcement focus on individuals and private equity firms (In January, the SEC launched a Private Equity focused sweep into FCPA compliance, issuing letters to a number of firm requesting documents)
Please join Ropes & Gray attorneys, Paul Van Houten, Eva Carman and Daniel O'Connor as they discuss these sweeping changes and how middle market private equity firms can address FCPA and related risks in their fund raising and investigating activities as well as at the portfolio company level.