Nov

    Anti-Corruption & the FCPA in Africa

    12 PM EST

    Please Note:

    • This is a non-CLE program

    • The timing for this program is listed in US Eastern Standard Time

    • This is the fifth of six programs on this topic. If you select one of the Package Pass rates, you will automatically gain access to all six teleconferences for the price of five. The dial in information for each program will be sent to you automatically as soon as it becomes available. Recordings of all previous programs will also be emailed directly to you if you purchase this registration option.

    Program Description

    The African continent is aptly described as a land of vast opportunities and potential. For American businesses and investors, however, corruption and fraud are significant deterrents to investing in the continent. The African Union estimates that Africa loses $140 billion as a result of corruption each year, which is a leading cause of poverty and an inhibitor of economic growth and prosperity. American companies who operate in Africa face an additional concern—complying with the U.S. Foreign Corrupt Practices Act (FCPA). The FCPA prohibits the payment of money, gifts or anything of value to government officials in order to obtain or retain business. Penalties for violating the anti-bribery  and books and records provisions of the FCPA have been rising in recent years reaching hundreds of millions of dollars and lengthy prison sentences for culpable individuals.  Research suggests that corruption can be curbed through strengthened anti-corruption institutions and oversight agencies. Can legislation like the FCPA facilitate Africa’s economic growth and deter corruption or do anti-bribery laws retain the status quo while making it difficult for American companies to do business on the continent?

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    Moderator:

    - Obiamaka P. MadubukoMcDermott Will & Emery LLP, Co-Chair, FCPA & International Anti-Corruption Practice

      Speakers:

        - Cheryl Scarboro, Simpson Thatcher

        - Trevor Hills, PricewaterhouseCoopers. Johannesburg SA

        - Alexandra Wrage, TRACE International

        - Mohamed El Maini, World Bank, INT Unit

        - John Mujuma,  Legal and Corporate Affairs Manager for Leaf Tobacco & Tanzania Tobacco Processors Limited

        - Masauko Edwin Chamkakala, Malawi Office of President & Cabinet, Government Contracts Unit

        Event Details

        Format

        Teleconference

        Date

        Nov 20, 2014

        2014-11-20T12:00:00-05:00 2014-11-20T13:30:00-05:00 Anti-Corruption & the FCPA in Africa

        Please Note:

        • This is a non-CLE program

        • The timing for this program is listed in US Eastern Standard Time

        • This is the fifth of six programs on this topic. If you select one of the Package Pass rates, you will automatically gain access to all six teleconferences for the price of five. The dial in information for each program will be sent to you automatically as soon as it becomes available. Recordings of all previous programs will also be emailed directly to you if you purchase this registration option.

        Program Description

        The African continent is aptly described as a land of vast opportunities and potential. For American businesses and investors, however, corruption and fraud are significant deterrents to investing in the continent. The African Union estimates that Africa loses $140 billion as a result of corruption each year, which is a leading cause of poverty and an inhibitor of economic growth and prosperity. American companies who operate in Africa face an additional concern—complying with the U.S. Foreign Corrupt Practices Act (FCPA). The FCPA prohibits the payment of money, gifts or anything of value to government officials in order to obtain or retain business. Penalties for violating the anti-bribery  and books and records provisions of the FCPA have been rising in recent years reaching hundreds of millions of dollars and lengthy prison sentences for culpable individuals.  Research suggests that corruption can be curbed through strengthened anti-corruption institutions and oversight agencies. Can legislation like the FCPA facilitate Africa’s economic growth and deter corruption or do anti-bribery laws retain the status quo while making it difficult for American companies to do business on the continent?

        Sponsors

        Section of International Law

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