Anti-Corruption & Foreign Corrupt Practices Act
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Our team has unsurpassed experience in counseling and defending U.S. and foreign companies and individuals in matters relating to the U.S. Foreign Corrupt Practices Act and similar anti-corruption laws. We are frequently contacted when a potential corruption issue arises, and are go-to counsel for investigations and enforcement proceedings before the U.S. Department of Justice (DOJ), the Securities & Exchange Commission (SEC) and the Multilateral Development Banks, including the World Bank. In addition, we advise clients considering transactions in high-risk markets or with business partners with high anti-corruption risks. We also counsel clients who are designing compliance programs and in conducting risk assessments.
Paul, Weiss represented Westport Fuel Systems, Inc. in its settlement with the SEC in a matter alleging violations of the Foreign Corrupt Practices Act in connection with a transaction involving Westport’s Chinese joint venture. Westport agreed to pay a penalty of $1,500,000, prejudgment interest of $196,000 and disgorgement of $2,350,000, for a total combined civil fine of $4.1 million. Westport did not admit or deny the SEC’s allegations.
The Paul, Weiss team, among others, was led by partner Harris Fischman.September 30, 2019