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Companies in the automotive industry would be wise to pay attention to Foreign Corrupt Practices Act (the “FCPA”) compliance. What has in the past been a risk management issue principally for massive multi-national corporations is now a real and serious risk for almost any company – large, medium or small; public or private – that sells products, manufactures or otherwise operates overseas.…
One would think that a civil jury award of $1.3 billion (even one that may be subsequently reduced by a judge to $272 million) would provide sufficient warning to companies about the perils of trade secret litigation. But, as the long-running dispute between SAP AG and Oracle Corporation makes clear, defendants should be concerned not just about the possibility of an adverse civil judgment, but also the possibility that matters can get much worse. To…
In an effort to promote responsible business practices, mass-market retailers often require their suppliers throughout the world to adhere to same ethical and compliance standards that the retailers (and/or U.S. law) demand of themselves. The goals of such standards are no doubt laudable – banning the use of child or forced labor, promoting environmentally responsible practices, ensuring safe and healthy workplaces and products, prohibiting bribery and other unethical business practices, and so forth. So it…