This informative presentation will serve as a guide to navigating the use of international business and transaction partners under the Foreign Corrupt Practics Act (FCPA)
Due Diligence on Foreign Agents, Distributors, Consultant, Freight Forwarders and JVs
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3. For Want of a Nail the Shoe was Lost For Want of a Shoe the Horse was Lost For Want of a Horse the Battle was Lost For Want of a Battle the Kingdom was Lost
4. Romeo and Juliet Agents “ For never was a story of more woe / Than this of Juliet and her Romeo” Willbros pays $22MM fine for payment of bribes in Nigeria
6. King Lear and the Fool Joint Ventures “ And I'll to bed at noon” Halliburton pays $382 MM on behalf of KBR, which created the TSKJ Joint Venture to fund ‘ Consulting Agents’ in Nigeria
7. Macbeth and the Three Witches Freight Forwarders “ Fair is foul, and foul is fair” Vetco Gray pays $26MM for 268 separate bribes paid by the Freight Forwarder Panalpina for shipments into Nigeria.
8. Othello and Iago Consultants “ I pray you, in your letters, When you shall these unlucky deeds relate” Baker Hughes pays $44MM for payments made to Isle of Man “ Consulting Firm” mandated by KazakOil officials
9. Baker Hughes pay $44MM for payments made to Isle of Man “Consulting Firm” mandated by Kazak Oil officials Othello-I pray you, in your letters, When you shall these unlucky deeds relate Consultants Vetco Gray pays $26MM for 268 separate bribes paid by freight forwarders Panalpina in Nigeria. Macbeth-Fair is foul, and foul is fair: Hover through the fog and filthy air Freight Forwarders Halliburton pay $382 MM for KBR which created the TSKJ Joint Venture to fund “Consulting Agents” in Nigeria; KBR pays $20MM King Lear-And I'll to bed at noon Joint Ventures AGA pays $2MM for improper payments made by independent distributor Romeo and Juliet-For never was a story of more woe / Than this of Juliet and her Romeo Distributors Willbros pays $22MM for payment of bribes in Nigeria Hamlet-something is rotten in Denmark Agents The Tragedy The Play The Intermediary