Nearing its halfway mark, 2019 is on track for record penalty amounts under the Foreign Corrupt Practices Act, a trend that should worry multinational corporations navigating compliance challenges both stateside and abroad. Last year, more than a dozen companies paid out $2.89 billion to settle cases initiated under FCPA, noted Risk Advisory in its annual Corruption Challenges Index survey. While first quarter 2019 FCPA enforcement actions were up slightly from the same period last year, the penalty amounts showed a dramatic upward shift. “In the first quarter of 2019 alone, the Securities and Exchange Commission and Department of Justice racked […]
All posts by Lisa Singh
The apparel and footwear industry has long faced steep import tariffs. As general counsel for Columbia Sportswear Company, Peter Bragdon is accustomed to navigating similarly complex and often cost-prohibitive import regulations in the U.S. and around the globe. Here, Bragdon debriefs how the company has prospered for nearly as long as one still-extant tariff bill, dating back to the 1930s. In an industry where intellectual property fights are common, what measures help Columbia safeguard patented technologies? We have focused on developing an extensive intellectual property portfolio, such as patents and trademarks, across the globe that we believe distinguishes our products […]
As chief regulatory counsel of the Americas for BT Global Services, Sheba Chacko closely watches regulations that could have far-reaching implications for the international division of British Telecommunications. She shares her insights on how she helps the world’s oldest communications company stay competitive against a backdrop that often feels like “ever-increasing barriers.” What new regulations in the Americas are you watching most closely? The regulations that are relevant to BT as a provider of information and communications technology services to global companies are those that affect the deployment and security of communications infrastructure and services, and the use, location, storage, […]
The largest regulatory fine leveled against a company since the General Data Protection Regulation was enacted in May 2018 is poised to reshape business compliance practices across industries. In late January, CNIL fined a big-tech giant nearly $57 million, citing what the French data-protection regulator saw as failure to meet the core requirements of informed consent under GDPR. As the decision goes through appeal, the debate is far from settled about what constitutes informed consent in personal data collection. Nor will the scythe cut only the tallest grass. Read the full report.
As general counsel for Norwegian Cruise Line Holdings, Daniel S. Farkas guided the company through a successful initial public offering. In addition to helping it grow its combined fleet to 26 ships, Farkas has assisted with navigating new markets. He reflects on the IPO process and how general counsel can get potential investors excited about a company’s growth prospects. As Norwegian sails into new waters, what regulations are you watching most closely, and how have you adjusted your daily operations to address them? Prior to beginning operations to Cuba in March 2017, we had to become well versed in all […]