Legal News

In today’s edition of Daily Compliance News: 1. The Big Boys dance to a potential Exxon/Chevron Merger? (WSJ) 2. Facebook finally gets a CCO. (WSJ) 3. Did Trump Administration so eviscerate the SEC it can’t respond to GameStop. (WaPo) 4. Ghosn Lt. on trial in Japan. (FT)...By: Thomas Fox

One of the biggest changes in the 2020 FCPA Resource Guide is the addition of a new Hallmark, entitled “Investigation, Analysis, and Remediation of Misconduct”, which reads in full: The truest measure of an effective compliance program is how it responds to misconduct. Accordingly, for a compliance program to be truly effective, it should have a well-functioning and appropriately funded mechanism for the timely and thorough investigations of any allegations or suspicions of misconduct by the....

Your company has just made its largest acquisition ever and your CEO says they want you to have a compliance post-acquisition integration plan on their desk in one week. Where do you begin? The earlier you can deploy these steps the better off your company will be at the end of the day. An acquisition that fails for compliance reasons is a preventable disaster of the first order. One need only consider the Latin Node Inc. FCPA enforcement actions where the acquiring company had to write off its....

A company that does not perform adequate due diligence prior to a merger or acquisition may face both legal and business risks. Perhaps most commonly, inadequate due diligence can allow a course of bribery to continue - with all the attendant harms to a business’s profitability and reputation, as well as potential civil and criminal liability. While most compliance practitioners have been long aware of the requirement in the post-acquisition context, the 2012 FCPA Guidance focused many...By: Th...

The Compliance Life details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What are some of the skills a CCO needs to success navigate the compliance waters in any company? What are some of the top challenges CCOs have faced and how did they meet them? These questions and many others will be explored in this new podcast series. Over four episodes each month on The Compliance Life, I visit with one current or former CCO to explore their......

In this episode Jonathan Armstrong and Tom Fox are back to discuss issues relating to data privacy, data protection and GDPR. Today, we take a look back at some of Jonathan’s most significant cases, enforcement actions and events in data privacy/data protection in 2020. We also consider the potential impact of Brexit on data transfers between the UK and the EU and how this will impact data transfers between the UK and US....By: Thomas Fox

Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley. The Great Women in Compliance podcast is back! In this joint episode, Lisa and Mary kick off 2021 with an "ask us anything" episode where the questions were solicited from the GWIC Community....By: Thomas Fox

On the final EMBARGOED! episode of 2020, Brian and Tim present their Top 10 sanctions and export controls stories of the year (in Lightning Round fashion). There are no winners and losers here, but the list includes: Huawei, sanctions targeting China, expanded MEUser/MEUse restrictions, the maximum pressure campaign against Iran, TikTok and WeChat EOs, disappearing Russia, U.S. v. Sadr, ExxonMobil v. OFAC, efforts to undercut the so-called Troika of Tyranny, and the state of OFAC enforcement.......

In today’s edition of Daily Compliance News: Do tariffs increase corruption? (WSJ) How will that merger work out? (WSJ) Will Covid-19 lead to bank fraud? (WSJ) Trump Administration appeals order on TikTok. (CNN.com)...By: Thomas Fox

In this episode Jonathan Armstrong and Tom Fox are back to discuss issues relating to data privacy, data protection and GDPR. Today, we consider EU courts reducing fines and penalties assessed by data protection regulators. The case reminds us that, as we said before, data protection authorities are likely to face challenges to high fines in the courts. In some respects, the fine mechanism in GDPR is based on the system in use in competition law cases where the success rate in appeals has been.....