Tagged: joint venture bribery

FCPA Compliance: Navigating Joint Venture Risks (Part V of V)

FCPA Compliance: Navigating Joint Venture Risks (Part V of V)

Joint ventures pose a unique constellation of anti-corruption risks.  Like third-party risks, companies that enter into joint ventures face significant anti-corruption risks, especially in those situations where a state-owned entity is the joint venture partner. By definition, companies do not have the same authority over third parties and joint venture partners as they can when it comes to their own employees. A company faces two...