Global Litigator: Compliance with U.S. Anticorruption Laws in Emerging Markets

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A long-standing U.S. federal investigation into allegations of pervasive corruption at Wal-Mart Stores Inc.’s foreign operations uncovered possible evidence of bribery of varying magnitude in emerging markets all over the world, including India, China, Mexico, and Brazil. Although it remains unclear whether the company will face major charges under the Foreign Corrupt Practices Act (FCPA), the ongoing, multi-year investigation highlights the acute risks and profound costs of conducting business in emerging markets around the world.