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FCPA Compliance Now Essential for All Companies That Do Business Internationally
For corporate counsel whose clients do any business internationally, the U.S. Foreign Corrupt Practices Act (“FCPA”) recently has become a pressing issue. U.S. Department of Justice (“DOJ”) officials have stated that enforcing the FCPA has become one of the DOJ's top priorities. Since mid-December, companies have paid more than $1.3 billion to settle FCPA charges. Multiple executives have also recently pleaded guilty to FCPA violations and are facing years in prison and/or millions in financial penalties.
Although the hundreds of millions of dollars in FCPA penalties assessed against huge entities like Siemens AG, Halliburton Co. and Kellogg Brown & Root LLC garner the most press, even small- and mid-sized companies with limited overseas sales are facing increased FCPA enforcement. For example, AGA Medical Corporation (“AGA”) settled charges related to alleged FCPA violations in China. During the time of the alleged violations, AGA's Chinese sales totaled an average of only about $1.5 million per year.
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The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Major Differences In UK, U.S. Copyright Laws
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Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
When Is a Repair Structural or Nonstructural Under a Commercial Lease?
A common question that commercial landlords and tenants face is which of them is responsible for a repair to the subject premises. These disputes often center on whether the repair is "structural" or "nonstructural."