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Corruption and the Arab Spring: Compliance Implications for International Companies

The FCPA Report published an article written by Peter B. Clark and ECI Board member, Dr. Bradley Bondi, partners at Cadwalader, Wickersham & Taft, along with James A. Treanor, an associate at the firm. In the article, Corruption and the Arab Spring: Compliance Implications for International Companies, the authors provide insight into the endemic corruption taking place as a consequence of the Arab Spring Revolts. The Arab Spring covers a region that has significant natural resources and a growing population. This makes it attractive for various industries including oil and gas, mining, constructions, defense, financial services, shipping, agriculture, pharmaceuticals, and other industries. As a result of the chaos resulting from the revolts, high levels of corruption have taken place posing challenges to foreign businesses in this area. In an effort to rein in corruption coming in from the Middle East and North Africa, the authors provide several examples of the FCPA’s enforcement actions.  The authors also provide recommendations on how companies may protect themselves from the Arab Spring Fallout.

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