Proposed Bill to Allow Private Enforcement of the FCPA

From law firm Patterson Belknap, analysis and commentary re: H.R. 3531:

“H.R. 3531 would permit United States persons and companies that trade on a United States exchange to (a) bring suit for treble damages (b) against non-U.S. persons or companies that are not organized under U.S. law and do not trade on a United States exchange (c) for violations of the FCPA’s antibribery provisions (d) that cause the foreign concern to obtain or retain business at the plaintiff’s expense, provided that (e) the violation occurred in the United States and by means of interstate commerce. H.R. 3531 therefore appears to be an attempt to ‘level the playing field’ of FCPA enforcement by giving U.S. companies the opportunity to bring suit against foreign concerns that violate the FCPA’s antibribery provisions…”

Read the entire update: Proposed Bill to Allow Private Enforcement of the FCPA»