Business Services Industry

Business Update: The Foreign Corrupt Practices Act - Frequently Asked Questions.

Mondaq Business Briefing, August, 2002 by Joseph H. Price

By Joseph H. Price, F. Joseph Warren, Daniel J. Plaine, Robert C. Blume, Corinne Lammers, Robert C. Bonner and Thomas E. Holliday

Originally published on April 4, 2002

Any domestic and foreign companies involved in international commercial transactions must understand and appreciate their obligations under the Foreign Corrupt Practices Act, 15 U.S.C. [section] 78dd-1(a) ("FCPA"), because failure to comply could result in severe criminal and civil penalties. Below are questions frequently asked of the attorneys at Gibson, Dunn & Crutcher LLP as their corporate clients expand into foreign markets.

What is the Foreign Corrupt Practices Act ("FCPA")?

The FCPA prohibits the corrupt giving or offering of anything of value to a foreign official,...

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