The Justice Department and the Securities and Exchange Commission are committed to enforcement of the Foreign Corrupt Practices Act and anti-corruption laws. In 2010, they launched an enforcement initiative against private equity and hedge funds. The implications of this new initiative are far-reaching and cut across all private fund operations, particularly when such funds are purchasing and acquiring foreign companies.
Join Mayer Brown partners Michael Volkov and Paul de Bernier who will cover the following topics:
- The implications of anti-corruption enforcement to the business operations of private equity and hedge funds;
- The extent to which officers, directors and employees at private equity and hedge funds can be held liable under the FCPA and other anti-corruptions law for violations;
- The impact of the FCPA and anti-corruption laws on the purchase and sale of foreign companies; and
- The need for private equity firms and hedge funds operating to re-tool their compliance controls and mechanisms to protect themselves from enforcement.