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Lucinda Low, William Gordon, Monica Ager, Owen Bonheimer,
Michael Lieberman, Lauren Groth, Elisabeth Page, Berengere Parmly
and Jeanne Cook contributed to this report.
The Foreign Corrupt Practices Act (FCPA) continued to be a
hotbed of activity in 2011. Although aggregate fines fell
precipitously between 2010 ($1.8 billion) and 2011 ($508.6
million), that decline was more a reflection of the anomalies of
2010 than of 2011. 2011 saw significant enforcement activity
against both corporations and individuals, as well as the
development of substantive legal issues that will likely have
lasting effects on FCPA law and practice.
Enforcement agencies continued the trend of targeting
individuals in 2011. While 16 companies were targeted in
2011, 19 different individuals were the targets of new FCPA
enforcement actions.
Judicial decisions—either interlocutory rulings or
trial results—were the "wild card" of
2011. Several cases featured challenges to the definition of
"foreign official," specifically whether the FCPA's
scope encompasses officers and employees of state-owned enterprises
(SOEs). While the decisions, which are described in detail
below, did not per se exclude SOEs from the definition of
"foreign official," they did indicate that an officer or
employee of an SOE should not automatically be defined as a
"foreign official" without further analysis.
Finally, the most notable FCPA issue of 2011 was the
government's difficulty obtaining (or in the case of
Lindsey Manufacturing, preserving) FCPA convictions.
The government went to trial three times in FCPA related cases in
2011—two trials in the Shot Show cases as well as in
Lindsey Manufacturing—without being able to
secure a conviction. Additionally, in early 2012,
the government was unsuccessful in its trial of the
O'Shea case. However, the government
was able to secure one conviction in 2011 in the Haiti
Teleco case.
Along with heightened World Bank enforcement, 2011 also saw the
entry into force of several new legislative initiatives, including
the Dodd-Frank Whistleblower Regulations, the UK Bribery Act and
significant amendments to China's PRC Criminal Code. How
these additions will affect anti-corruption enforcement is a
question that remains to be answered.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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