Anti-Corruption & Foreign Corrupt Practices Act
Anti-Corruption & Foreign Corrupt Practices Act
Our team has unsurpassed experience in counseling and defending U.S. and foreign companies and individuals in matters relating to the U.S. Foreign Corrupt Practices Act and similar anti-corruption laws. We are frequently contacted when a potential corruption issue arises, and are go-to counsel for investigations and enforcement proceedings before the U.S. Department of Justice (DOJ), the Securities & Exchange Commission (SEC) and the Multilateral Development Banks, including the World Bank. In addition, we advise clients considering transactions in high-risk markets or with business partners with high anti-corruption risks. We also counsel clients who are designing compliance programs and in conducting risk assessments.
Paul, Weiss Successfully Resolves FCPA Investigation for Westport Fuel Systems
- Client News
- September 30, 2019
Practices
Paul, Weiss represented Westport Fuel Systems, Inc. in its settlement with the SEC in a matter alleging violations of the Foreign Corrupt Practices Act in connection with a transaction involving Westport’s Chinese joint venture. Westport agreed to pay a penalty of $1,500,000, prejudgment interest of $196,000 and disgorgement of $2,350,000, for a total combined civil fine of $4.1 million. Westport did not admit or deny the SEC’s allegations.
The Paul, Weiss team, among others, was led by partner Harris Fischman.